SECURITIES AND EXCHANGE COMMISSION
                             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: January 27, 2005

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

           MICHIGAN                      1-16557                38-3150651
(State or other jurisdiction of      (Commission File        (I.R.S. Employer
        incorporation)                   Number)            Identification No.)

       5151 CORPORATE DRIVE, TROY, MICHIGAN                        48098
     (Address of principal executive offices)                   (Zip Code)

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

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))



ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION

            On January 24, 2005, Flagstar Bancorp, Inc issued a press release
announcing its earnings for the quarter ended December 31, 2004 and full year
2004. The text of the press release is included as Exhibit 99.1 to this report.

            The information furnished pursuant to this Current Report on Form
8-K (including the exhibits hereto) shall not be considered "filed" under the
Securities Exchange Act of 1934, as amended, nor shall it be incorporated by
reference into any of the Company's filings under the Securities Act of 1933, as
amended, or under the Securities Exchange Act of 1934, as amended, unless the
Company expressly states in such filing that such information is to be
considered "filed" or incorporated by reference therein.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

      (c) The following exhibit is being furnished herewith:



Exhibit No.    Exhibit Description
-----------    -------------------
            
99.1           Press release text of Flagstar Bancorp, Inc. dated January 24, 2005.


                                       2


                                    SIGNATURE

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

                                FLAGSTAR BANCORP, INC.

Dated: January 26, 2005         By: /s/ Michael W. Carrie
                                    --------------------------------------------

                                    Michael W. Carrie
                                    Executive Director, Chief Financial Officer,
                                    and Treasurer


                                 EXHIBIT INDEX



EXHIBIT NO.    EXHIBIT DESCRIPTION
-----------    -------------------
            
Ex- 99.1       Press Release Text of Flagstar Bancorp, Inc. dated January 24, 2005