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Flagstar Declares Cash Dividend

The Board of Directors of Flagstar Bancorp, Inc. (NYSE: FBC) announced the declaration of a fourth quarter dividend of $0.05 per share. The dividend is to be paid on December 31st, 2007 to shareholders of record on December 14th, 2007.

Flagstar Bancorp, with $16.6 billion in total assets, is the largest publicly held savings bank headquartered in the Midwest. At September 30, 2007, Flagstar operated 158 banking centers in Michigan, Indiana and Georgia and 151 home loan centers in 26 states.

Flagstar Bank originates loans nationwide and is one of the leading originators of residential mortgage loans. -- Flagstar Bancorp, Inc.

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