## COMPANY PROFILE 

## FLAGSTAR BANCORP 

Flagstar Bancorp (NYSE: FBC) is the holding company for Flagstar Bank, fsb, a federally chartered stock savings bank. Since its founding in 1987, Flagstar has experienced exceptional growth, and today it is the second largest banking institution headquartered in Michigan. We also are one of the nation’s leading mortgage lenders. 

We serve our customers through our banking centers in Michigan and Indiana and our Internet branch at www.flagstar.com. We attract deposits through these channels and acquire funds through the secondary market. We use these funds, along with advances from the Federal Home Loan Bank, to invest in residen- tial loans that we originate and purchase nationwide. 

Our leadership in the mortgage industry also involves managing a large volume of mortgages as a loan servicer. In addition, we provide warehouse lines of credit to mortgage companies across the country and originate consumer and commercial loans in Michigan and Indiana and second mortgages nationally. 

## Community Bank 

Flagstar is a growth-oriented community bank with 99 banking centers in Michigan and Indiana at December 31, 2003. 

## Home Lender 

Flagstar is one of the nation's largest single-family residential mortgage originators. 

## Mortgage Servicer 

Flagstar collects mortgage payments and services the loans of more than 319,000 homeowners across the nation. 

