WASHINGTON, D.C. 20549


                                    FORM 8-K

                                 CURRENT REPORT
                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934

       Date of Report (Date of earliest event reported): January 21, 2004

                             FLAGSTAR BANCORP, INC.
             (Exact name of Registrant as specified in its charter)

           Michigan                       0-22353                38-3150651
           --------                       -------                ----------
 (State or Other Jurisdiction          (Commission            (I.R.S. Employer
      of Incorporation)                File Number)         Identification No.)

                   5151 Corporate Drive, Troy, Michigan 48098
                    (Address of principal executive offices)

                                 (248) 312-2000
               Registrant's telephone number, including area code

                                 Not Applicable
          (Former Name or former address, if changed since last report)

Item 12. Results of Operations and Financial Conditions.

           On January 20, 2004, Flagstar Bancorp, Inc. (the "Company") announced
its financial results for the fourth quarter and year ended December 31, 2003.
The full text of the press release is set forth in Exhibit 99.1 hereto. The
information in this report, including the exhibit hereto, is being furnished
pursuant to Item 12, "Results of Operations and Financial Condition," and shall
not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act
of 1934, as amended, and is not incorporated by reference into any filing of the
Company, whether made before or after the date hereof, regardless of any general
incorporation language in such filing.


           Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on behalf by the
undersigned hereunto duly authorized.

                                        FLAGSTAR BANCORP, INC.

Date: January 21, 2004                  By:   /s/ Michael W. Carrie
                                             Michael W. Carrie
                                             Executive Director, Chief Financial
                                             Officer and Treasurer
                                             (Duly Authorized Representative)

                                     EXHIBIT INDEX


EX-99.1                 Press Release