Document:

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                                                                     Exhibit 4.1

                             FLAGSTAR BANCORP, INC.
                 1997 EMPLOYEES AND DIRECTORS STOCK OPTION PLAN
                                 AS AMENDED (1)

1.    PURPOSE OF THE PLAN.

      The purpose of this Flagstar Bancorp, Inc. (the "Company") 1997 Employees
and Directors Stock Option Plan, as amended, is to advance the interests of the
Company through providing select key Employees and Directors of the Company and
its Affiliates with the opportunity to acquire Shares. By encouraging such stock
ownership, the Company seeks to attract, retain and motivate the best available
personnel for positions of substantial responsibility and to provide additional
incentive to Directors and key Employees of the Company, the Bank or any
Affiliate to promote the success of the business.

2.    DEFINITIONS.

      As used herein, the following definitions shall apply.

      (a) "Affiliate" shall mean any "parent corporation" or "subsidiary
corporation" of the Bank or the Company, as such terms are defined in Section
424(e) and (f), respectively, of the Code.

      (b) "Agreement" shall mean a written agreement entered into in accordance
with Paragraph 5(c).

      (c) "Awards" shall mean Options unless the context clearly indicates a
different meaning.

      (d) "Bank" shall mean Flagstar Bank, FSB.

      (e) "Board" shall mean the Board of Directors of the Company.

      (f) "Change in Control" shall mean any one of the following events:

            (1) the change in ownership, holding or power to vote more than 25%
      of the Company's or the Bank's voting stock;

            (2) the acquisition of control of the election of a majority of the
      Company's or the Bank's Directors;

            (3) the exercise of a controlling influence over the management or
      policies of the Company or the Bank by any person or by persons acting as
      a group within the meaning of Section 13(d) of the Securities Exchange Act
      of 1934; or

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(1) Includes the 1999, 2002 and 2005 Amendments.

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            (4) during any period of two consecutive years, individuals who at
      the beginning of such period constitute the Board cease for any reason to
      constitute at least two-thirds thereof, provided that any individual whose
      election or nomination for election as a member of the Board was approved
      by a vote of at least two-thirds of the continuing Directors then in
      office shall be considered a continuing Director.

      For purposes of this subparagraph only, the term "person" refers to an
individual or a corporation, partnership, trust, association, joint venture,
pool, syndicate, sole proprietorship, unincorporated organization or any other
form of entity not specifically listed herein. The decision of the Committee as
to whether a change in control has occurred shall be conclusive and binding.

      (g) "Code" shall mean the Internal Revenue Code of 1986, as amended.

      (h) "Committee" shall mean the Stock Option Committee appointed by the
Board in accordance with Paragraph 5(a) hereof.

      (i) "Common Stock" shall mean the common stock, par value $.01 per share,
of the Company.

      (j) "Continuous Service" shall mean the absence of any interruption or
termination of service as an Employee or Director of the Company or the Bank or
an Affiliate. Continuous Service shall not be considered interrupted in the case
of sick leave, military leave or any other leave of absence, in the case of
transfers between payroll locations of the Bank or between the Bank, an
Affiliate or a successor, or in the case of a Director's performance of services
in an emeritus or advisory capacity.

      (k) "Director" shall mean any member of the Board, and any member of the
board of directors of any Affiliate that the Board has by resolution designated
as being eligible for participation in this Plan.

      (l) "Disability" shall mean a physical or mental condition, which in the
sole and absolute discretion of the Committee, is reasonably expected to be of
indefinite duration and to prevent substantially a Participant from fulfilling
his or her duties or responsibilities to the Bank or an Affiliate.

      (m) "Effective Date" shall mean the date specified in Paragraph 13 hereof.

      (n) "Employee" shall mean any person employed by the Company or an
Affiliate.

      (o) "Exercise Price" shall mean the price per Optioned Share at which an
Option may be exercised.

      (p) "ISO" shall mean an option to purchase Common Stock which meets the
requirements set forth in the Plan and which is intended to be and is identified
as an "incentive stock option" within the meaning of Section 422 of the Code.
ISOs shall only be granted to Employees of the Company.

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      (q) "Market Value" shall mean the fair market value of the Common Stock,
as determined under Paragraph 7(b) hereof.

      (r) "Non-Employee Director" shall mean any member of the Board who is a
Non-Employee Director within the meaning of Rule 16b-3.

      (s) "Non-ISO" shall mean an option to purchase Common Stock which meets
the requirements set forth in the Plan but which is not intended to be and is
not identified as an ISO.

      (t) "Option" shall mean an ISO and a Non-ISO.

      (u) "Optioned Shares" shall mean Shares subject to an Award granted
pursuant to this Plan.

      (v) "Participant" shall mean any person who receives an Award pursuant to
the Plan.

      (w) "Plan" shall mean this Flagstar Bancorp, Inc. 1997 Employees and
Directors Stock Option Plan.

      (x) "Rule 16b-3" shall mean Rule 16b-3 of the General Rules and
Regulations under the Securities Exchange Act of 1934, as amended.

      (y) "Share" shall mean one share of Common Stock.

      (z) "Year of Service" shall mean a full 12-month period of Continuous
Service, measured from the date of an Award and each annual anniversary of that
date, during which a Participant has been an Employee or Director.

3.    TERM OF THE PLAN AND AWARDS.

      (a) Term of the Plan. The Plan shall continue in effect for a term of 10
years from the Effective Date, unless sooner terminated pursuant to Paragraph 15
hereof. No Award shall be granted under the Plan after 10 years from the
Effective Date.

      (b) Term of Awards. The term of each Award granted under the Plan shall be
established by the Committee, but shall not exceed 10 years; provided, however,
that in the case of an Employee who owns Shares representing more than 10% of
the outstanding Common Stock at the time an ISO is granted, the term of such ISO
shall not exceed five years.

4.    SHARES SUBJECT TO THE PLAN.

      (a) General Rule. The aggregate number of Shares deliverable pursuant to
Awards shall not exceed 1,367,000 Shares, as such number may be adjusted on and
after the Effective Date pursuant to Paragraph 10 hereof. Such Shares may either
be authorized but unissued Shares, Shares held in treasury, or Shares held in a
grantor trust created by the Company. If any Awards should expire, become
unexercisable, or be forfeited for any reason without having been exercised, the
Optioned Shares shall, unless the Plan shall have been terminated, be available
for the grant of additional

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Awards under the Plan. Effective on the date of adoption of the 1999 Amendment
to the Plan, an additional 683,500 Shares shall be deliverable pursuant to
Options. Effective on the date of adoption of the 2002 Amendment to the Plan, an
additional 1,000,000 Shares shall be deliverable pursuant to Options. Effective
on the date of adoption of the 2005 Amendment to the Plan, an additional
1,500,000 Shares shall be deliverable pursuant to Options, for a total of
13,727,250 (adjusted to reflect the 3-for-2 stock split on July 13, 2001, the
3-for-2 stock split on May 31, 2002, and the 2-for-1 stock split on May 15,
2003) issued or issuable under the Option Plan.

      (b) Maximum Number of ISOs. Of the 1,500,000 Shares authorized under the
2005 Amendment, no more than 1,000,000 may be issued as ISOs.

5.    ADMINISTRATION OF THE PLAN.

      (a) Composition of the Committee. The Plan shall be administered by the
Stock Option Committee, which shall consist of not less than two members of the
Board, all of whom shall be Non-Employee Directors. Members of the Committee
shall serve at the pleasure of the Board. In the absence of a duly appointed
Committee, the Plan shall be administered by those members of the Board who are
Non-Employee Directors. Notwithstanding the foregoing, the Board may, at any
time, act in lieu of the Committee.

      (b) Powers of the Committee. Except as limited by the express provisions
of the Plan or by resolutions adopted by the Board, the Committee shall have
sole and complete authority and discretion (i) to select Participants and grant
Awards, (ii) to determine the form and content of Awards to be issued in the
form of Agreements under the Plan, (iii) to interpret the Plan, (iv) to
prescribe, amend and rescind rules and regulations relating to the Plan, and (v)
to make other determinations necessary or advisable for the administration of
the Plan. The Committee shall have and may exercise such other power and
authority as may be delegated to it by the Board from time to time. A majority
of the entire Committee shall constitute a quorum and the action of a majority
of the members present at any meeting at which a quorum is present, or acts
approved in writing by all members of the Committee without a meeting, shall be
deemed the action of the Committee.

      (c) Agreement. Each Award shall be evidenced by a written Agreement
containing such provisions as may be approved by the Committee. Each such
Agreement shall constitute a binding contract between the Company and the
Participant and every Participant, upon acceptance of such Agreement, shall be
bound by the terms and restrictions of the Plan and of such Agreement. The terms
of each such Agreement shall be in accordance with the Plan, but each Agreement
may include such additional provisions and restrictions determined by the
Committee, in its discretion, provided that such additional provisions and
restrictions are not inconsistent with the terms of the Plan. In particular, the
Committee shall set forth in each Agreement (i) the Exercise Price of an Option,
(ii) the number of Shares subject to, and the expiration date of, the Award,
(iii) the manner, time and rate (cumulative or otherwise) of exercise or vesting
of such Award, and (iv) the restrictions, if any, to be placed upon such Award
or upon Shares which may be issued upon exercise of such Award.

      The chairman of the Committee and such other Directors and officers as
shall be designated by the Committee are hereby authorized to execute Agreements
on behalf of the Company and to cause them to be delivered to the recipients of
Awards.

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      (d) Effect of the Committee's Decisions. All decisions, determinations and
interpretations of the Committee shall be final and conclusive on all persons
affected thereby.

      (e) Indemnification. In addition to such other rights of indemnification
as they may have, the members of the Committee shall be indemnified by the
Company in connection with any claim, action, suit or proceeding relating to any
action taken or failure to act under or in connection with the Plan or any
Award, to the full extent provided for under the Company's governing instruments
with respect to the indemnification of Directors.

6.    GRANT OF OPTIONS.

      (a) General Rule. In its sole discretion, the Committee may grant Awards
to select key Employees. In selecting those Employees to whom Awards will be
granted and the number of shares covered by such Awards, the Committee shall
consider their respective positions, duties and responsibilities, the value of
their services to the Company and its Affiliates, and any other factors the
Committee may deem relevant. Notwithstanding the foregoing, the Committee shall
automatically make the Awards specified in Paragraphs 6(b) and 6(d) hereof.

      (b) Automatic Grants to Employees. On the Effective Date, each of the
following Employees shall receive an Option (in the form of an ISO, to the
extent permissible under the Code) to purchase the number of Shares listed
below, at an Exercise Price per Share equal to the Market Value of a Share on
the Effective Date; provided that such grant shall not be made to an Employee
whose Continuous Service terminates on or before the Effective Date:

                  Employee                               Shares

         Thomas J.  Hammond                           400,000
         Mark T.  Hammond                             250,000
         Michael W.  Carrie                           45,000 + 20,000
         Joan H.  Anderson                            45,000
         Mary Kay McGuire                             15,000 + 20,000
         7 Senior Vice Presidents                     15,000 each*
         6 First Vice Presidents                      5,000 each*
         22 Vice Presidents                           2,500 each*
         52 Assistant Vice Presidents                 1,500 each*

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* Additional names are set forth as an Attachment to the Plan.

      With respect to each of the above-named Employees, the Option granted to
the Employee hereunder (i) shall vest in accordance with the general rule set
forth in Paragraph 8(a) of the Plan, (ii) shall have a term of ten years from
the Effective Date, except as limited by Paragraph 3(b), and (iii) shall be
subject to the general rule set forth in Paragraph 8(c) with respect to the
effect of an Employee's termination of Continuous Service on the Employee's
right to exercise his Options.

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      (c) Special Rules for ISOs. The aggregate Market Value, as of the date the
Option is granted, of the Shares with respect to which ISOs are exercisable for
the first time by an Employee during any calendar year (under all stock option
plans, as defined in Section 422 of the Code, of the Company or any present or
future Affiliate of the Company) shall not exceed $100,000. Notwithstanding the
foregoing, the Committee may grant Options in excess of the foregoing
limitations, in which case such Options granted in excess of such limitation
shall be Options which are Non-ISOs.

      (d) Automatic Grants to Directors. Notwithstanding any other provisions of
this Plan, each Director who is not an Employee but is a Director on the dates
specified below shall receive Options to purchase the number of Shares indicated
of the Shares reserved under Paragraph 4(a) hereof. Such Options shall have an
Exercise Price per Share equal to the Market Value of a Share on the date of
grant.

            (1) Each Non-Employee Director of the Company or the Bank in office
      on the day immediately prior to the Effective Date shall receive Options
      to purchase 1,000 Shares for each year of service on the Board or that of
      the Bank;

            (2) Each Non-Employee Director who is elected to the Board of the
      Company on or following the Effective Date shall upon taking office
      receive Options to purchase 1,000 Shares.

7.    EXERCISE PRICE FOR OPTIONS.

      (a) Limits on Committee Discretion. The Exercise Price as to any
particular Option shall not be less than 50% of the Market Value of the Shares
on the date of grant (100% in the case of ISOs). In the case of an Employee who
owns Shares representing more than 10% of the Company's outstanding Shares of
Common Stock at the time an ISO is granted, the Exercise Price shall not be less
than 110% of the Market Value of the Shares at the time the ISO is granted.

      (b) Standards for Determining Exercise Price. If the Common Stock is
listed on a national securities exchange (including the NASDAQ National Market)
on the date in question, then the Market Value per Share shall be the average of
the highest and lowest selling prices on such exchange on such date, or if there
were no sales on such date, then the Market Value per Share shall be the average
of the highest and lowest selling price on such exchange on the trading day
immediately preceding such date on which sales were effected. If the Common
Stock is traded other than on a national securities exchange on the date in
question, then the Market Value per Share shall be the average of the bid and
asked price on such date, or, if there is no bid and asked price on such date,
then on the next prior business day on which there was a bid and asked price. If
no price is available, then the Market Value per Share shall be its fair market
value as determined by the Committee, in its sole and absolute discretion.
Notwithstanding the foregoing, in the event that either (i) the Committee
exercises its discretion to impose transfer (or other) restrictions on the
Shares subject to an Option, or (ii) the Plan requires specified transfer
restrictions, the Committee shall make an appropriate adjustment in determining
the Market Value of the Shares subject to such an Option (in order to take into
account that their fair market value may be less than the fair market value of
unrestricted Shares).

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8.    EXERCISE OF OPTIONS BY EMPLOYEES.

      (a) Generally. Unless otherwise provided by the Committee pursuant to an
applicable Agreement, each Option shall be fully (100%) exercisable after the
one-year period following the date of its grant. An Option may not be exercised
for a fractional Share.

      (b) Procedure for Exercise. An Employee may exercise Options, subject to
provisions relative to its termination and any limitations on its exercise, only
by (1) written notice of intent to exercise the Option with respect to a
specified number of Shares, and (2) payment to the Company (contemporaneously
with delivery of such notice) in cash, in Common Stock, or a combination of cash
and Common Stock, of the amount of the Exercise Price for the number of Shares
with respect to which the Option is then being exercised. Each such notice (and
payment where required) shall be delivered, or mailed by prepaid registered or
certified mail, addressed to the treasurer of the Company at the Company's
executive offices. Common Stock utilized in full or partial payment of the
Exercise Price for Options shall be valued at its Market Value at the date of
exercise and may consist of Shares subject to the Option being exercised. An
Employee who exercises Non-ISOs pursuant to this Paragraph may satisfy all
applicable federal, state and local income and employment tax withholding
obligations, in whole or in part, by irrevocably electing to have the Company
withhold shares of Common Stock, or to deliver to the Company shares of Common
Stock that the Employee already owns, having a value equal to the amount
required to be withheld; provided that to the extent not inconsistent herewith,
such election otherwise complies with those requirements of Paragraphs 8 and 18
hereof.

      (c) Period of Exercisability. Except to the extent otherwise provided in
the terms of an Agreement, an Option may be exercised hereunder only while the
Employee is employed by the Company and has maintained Continuous Service from
the date of the grant of the Option, or until the earlier of three months after
termination of such Continuous Service or the date on which the Option would
otherwise expire, except if the Employee's Continuous Service terminates by
reason of -

            (1) "Just Cause" which for purposes hereof shall have the meaning
      set forth in any unexpired employment or severance agreement of the
      Employee (and, in the absence of any such agreement, shall mean
      termination because of the Employee's personal dishonesty, incompetence,
      willful misconduct, breach of fiduciary duty involving personal profit,
      intentional failure to perform stated duties, willful violation of any
      law, rule or regulation [other than traffic violations or similar
      offenses] or final cease-and-desist order), then the Employee's rights to
      exercise such Option shall expire on the date of such termination;

            (2) death, then to the extent that the Employee would have been
      entitled to exercise the Option immediately prior to his death, such
      Option of the deceased Employee may be exercised within two years from the
      date of his death (but not later than the date on which the Option would
      otherwise expire) by the personal representatives of his estate or person
      or persons to whom his rights under such Option shall have passed by will
      or by laws of descent and distribution;

            (3) Disability, then to the extent that the Employee would have been
      entitled to exercise the Option immediately prior to his or her
      Disability, such Option may be exercised

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      within one year from the date of termination of employment due to
      Disability, but not later than the date on which the Option would
      otherwise expire.

      (d) Effect of the Committee's Decisions. The Committee's determination
whether an Employee's Continuous Service has ceased, and the effective date
thereof, shall be final and conclusive on all persons affected thereby.

      (e) Acceleration of Vesting. Notwithstanding the one-year period set forth
in Paragraph 8(a) hereof and except to the extent otherwise provided in the
terms of an Agreement, all Options held by an Employee whose service with the
Company or an Affiliate terminates due to death, Disability, retirement, or a
Change in Control shall be deemed fully exercisable and non-forfeitable as of
the Employee's last day of service.

9.    EXERCISE OF OPTIONS BY NON-EMPLOYEE DIRECTORS.

      (a) Generally. Unless otherwise provided by the Committee pursuant to an
applicable Agreement, each Option shall be fully (100%) exercisable after one
year following the date of its grant.

      (b) Terms of Exercise.

            (i) Options received by Directors who are not Employees will become
      exercisable in accordance with the general rule set forth in Paragraph
      8(a) hereof, and may be exercised from time to time in the manner set
      forth in Paragraph 8(b).

            (ii) Options granted to Non-Employee Directors shall have a term of
      5 years; provided that Options so granted shall expire one year after the
      date on which a Director terminates Continuous Service on the Board, but
      in no event later than the date on which such Options would otherwise
      expire. In the event of such Non-Employee Director's death during the term
      of his directorship, such Options shall become immediately exercisable,
      and may be exercised within two years from the date of his death by the
      personal representatives of his estate or person or persons to whom his
      rights under such Options shall have passed by will or by laws of descent
      and distribution, but in no event later than the date on which such
      Options would otherwise expire. In the event of such Non-Employee
      Director's Disability during his or her directorship, the Non-Employee
      Director's Options shall become immediately exercisable, and such Options
      may be exercised within one year of the termination of directorship due to
      Disability, but not later than the date that the Options would otherwise
      expire. Unless otherwise inapplicable or inconsistent with the provisions
      of this Paragraph, the Options to be granted to Non-Employee Directors
      hereunder shall be subject to all other provisions of this Plan.

      (c) Effect of the Committee's Decisions. The Committee's determination
whether a Non-Employee Director's Continuous Service has ceased, and the
effective date thereof, shall be final and conclusive on all persons affected
thereby.

      (d) Acceleration of Vesting. Notwithstanding the one-year period set forth
in Paragraph 9(a) hereof and except to the extent otherwise provided in the
terms of an Agreement, all Options held

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by a Non-Employee Director whose service with the Bank terminates due to death,
Disability, retirement or a Change in Control shall be deemed fully exercisable
and non-forfeitable as of the Non-Employee Director's last day of service with
the Bank.

10.   EFFECT OF CHANGES IN COMMON STOCK SUBJECT TO THE PLAN.

      (a) Recapitalizations; Stock Splits, Etc. The number and kind of Shares
reserved for issuance under the Plan, and the number and kind of Shares subject
to outstanding Awards, and the Exercise Price thereof, shall be proportionately
adjusted for any increase, decrease, change or exchange of Shares for a
different number or kind of shares or other securities of the Company which
results from a merger, consolidation, recapitalizations, reorganization,
reclassification, stock dividend, split-up, combination of shares or similar
event in which the number or kind of shares is changed without the receipt or
payment of consideration by the Company.

      (b) Transactions in Which the Company Is Not the Surviving Entity. In the
event of (i) the liquidation or dissolution of the Company, (ii) a merger or
consolidation in which the Company is not the surviving entity, or (iii) the
sale or disposition of all or substantially all of the Company's assets (any of
the foregoing to be referred to herein as a "Transaction"), all outstanding
Awards, together with the Exercise Prices thereof, shall be equitably adjusted
for any change or exchange of Shares for a different number or kind of shares or
other securities which results from the Transaction.

      (c) Special Rule for ISOs. Any adjustment made pursuant to subparagraphs
(a) or (b) hereof shall be made in such a manner as not to constitute a
modification, within the meaning of Section 424(h) of the Code.

      (d) Conditions and Restrictions on New, Additional, or Different Shares or
Securities. If, by reason of any adjustment made pursuant to this Paragraph, a
Participant becomes entitled to new, additional, or different shares of stock or
securities, such new, additional, or different shares of stock or securities
shall thereupon be subject to all of the conditions and restrictions which were
applicable to the Shares pursuant to the Award before the adjustment was made.

      (e) Other Issuances. Except as expressly provided in this Paragraph, the
issuance by the Company of shares of stock of any class, or of securities
convertible into Shares or stock of another class, for cash or property or for
labor or services either upon direct sale or upon the exercise of rights or
warrants to subscribe therefor, shall not affect, and no adjustment shall be
made with respect to, the number, class, or Exercise Price of Shares then
subject to Awards or reserved for issuance under the Plan.

11.   NON-TRANSFERABILITY OF AWARDS.

      Awards may not be sold, pledged, assigned, hypothecated, transferred or
disposed of in any manner other than by will or by the laws of descent and
distribution. Notwithstanding any other provision of this Plan to the contrary,
to the extent permissible under Rule 16b-3, and except to the extent otherwise
provided in the terms of an Agreement, a Participant who is granted Non-ISOs
pursuant to this Plan may transfer such Non-ISOs to his or her spouse, lineal
ascendants, lineal descendants, or to a duly established trust, provided that
Non-ISOs so transferred may not again be

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transferred other than (i) to the Participant originally receiving the grant of
Non-ISOs, or (ii) to an individual or trust to whom such Participant could have
transferred Non-ISOs pursuant to this Paragraph 11. Non-ISOs which are
transferred pursuant to this Paragraph 11 shall be exercisable by the transferee
subject to the same terms and conditions as would have applied to such Non-ISOs
in the hands of the Participant originally receiving the grant of such Non-ISOs.

12.   TIME OF GRANTING AWARDS.

      The date of grant of an Award shall, for all purposes, be the later of the
date on which the Committee makes the determination of granting such Award and
the Effective Date. Notice of the determination shall be given to each
Participant to whom an Award is so granted within a reasonable time after the
date of such grant.

13.   EFFECTIVE DATE.

      The Plan shall become effective on May 5, 1997.

14.   MODIFICATION OF AWARDS.

      At any time, and from time to time, the Board may authorize the Committee
to direct execution of an instrument providing for the modification of any
outstanding Award, provided no such modification shall confer on the holder of
said Award any right or benefit which could not be conferred on him by the grant
of a new Award at such time, or impair the Award without the consent of the
holder of the Award.

15.   AMENDMENT AND TERMINATION OF THE PLAN.

      The Board may from time to time amend the terms of the Plan and suspend or
terminate the Plans. No amendment, suspension or termination of the Plan shall,
without the consent of any affected holders of an Award, alter or impair any
rights or obligations under any Award theretofore granted.

16.   CONDITIONS UPON ISSUANCE OF SHARES.

      (a) Compliance with Securities Laws. Shares of Common Stock shall not be
issued with respect to any Award unless the issuance and delivery of such Shares
shall comply with all relevant provisions of law, including, without limitation,
the Securities Act of 1933, as amended, the rules and regulations promulgated
thereunder, any applicable state securities law and the requirements of any
stock exchange upon which the Shares may then be listed.

      (b) Securities Laws. As a condition to the exercise of an Option, the
Company may require the person exercising the Option to make such
representations and warranties as may be necessary to assure the availability of
an exemption from the registration requirements of federal or state securities
law.

      (c) Committee Discretion. The Committee shall have the discretionary
authority to impose in Agreements such restrictions on Shares as it may deem
appropriate or desirable, including but not

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limited to the authority to impose a right of first refusal or to establish
repurchase rights or both of these restrictions.

17.   RESERVATION OF SHARES.

      The Company, during the term of the Plan, will reserve and keep available
for issuance a number of Shares sufficient to satisfy the requirements of the
Plan.

18.   WITHHOLDING TAX.

      The Company's obligation to deliver Shares upon exercise of Options shall
be subject to the Participant's satisfaction of all applicable federal, state
and local income and employment tax withholding obligations.

19.   NO EMPLOYMENT OR OTHER RIGHTS.

      In no event shall an Employee's or Director's eligibility to participate
or participation in the Plan create or be deemed to create any legal or
equitable right of the Employee, Director or any other party to continue service
with the Company or any Affiliate. Except to the extent provided in Paragraphs
6(b) and 6(d), no Employee or Director shall have a right to be granted an Award
or, having received an Award, the right to again be granted an Award. However,
an Employee or Director who has been granted an Award may, if otherwise
eligible, be granted an additional Award or Awards.

20.   GOVERNING LAW.

      The Plan shall be governed by and construed in accordance with the laws of
the State of Michigan, except to the extent that federal law shall be deemed to
apply. Any action by an Employee arising with respect to any claim regarding any
award, any claim of right, or otherwise arising with respect to this Plan or its
administration, shall only be brought in a court of competent jurisdiction with
venue in the State of Michigan.

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                          SCHEDULE OF ADDITIONAL AWARDS

                                       12<PAGE>

                                                                     Exhibit 4.1

                             FLAGSTAR BANCORP, INC.
                     2000 STOCK INCENTIVE PLAN, AS AMENDED(1)

      1.    PURPOSE OF THE PLAN.

      The purpose of this Plan is to advance the interests of the Company
through providing select key Employees and Directors of the Bank, the Company,
and their Affiliates with the opportunity to receive Restricted Stock and
Deferred Shares. By encouraging stock ownership through these awards, the
Company seeks to attract, retain and motivate the best available personnel for
positions of substantial responsibility and to provide additional incentives to
Directors and key Employees of the Company or any Affiliate to promote the
success of the business.

      2.    DEFINITIONS.

      As used herein, the following definitions shall apply.

      (a) "Affiliate" shall mean any "parent corporation" or "subsidiary
corporation" of the Company, as such terms are defined in Section 424(e) and
(f), respectively, of the Code.

      (b) "Agreement" shall mean a written agreement entered into in accordance
with Paragraph 5(c).

      (c) "Awards" shall mean, collectively, Restricted Stock, and Deferred
Shares.

      (d) "Bank" shall mean Flagstar Bank FSB.

      (e) "Board" shall mean the Board of Directors of the Company.

      (f) "Change in Control" shall mean any one of the following events: (1)
the acquisition of ownership, holding or power to vote more than 25% of the
Bank's or the Company's voting stock, (2) the acquisition of the ability to
control the election of a majority of the Bank's or the Company's directors, (3)
the acquisition of a controlling influence over the management or policies of
the Bank or the Company by any person or by persons acting as a "group" (within
the meaning of Section 13(d) of the Securities Exchange Act of 1934), or (4)
during any period of two consecutive years, individuals (the "Continuing
Directors") who at the beginning of such period constitute the Board of
Directors of the Company or the Bank (the "Existing Board") cease for any reason
to constitute at least two-thirds thereof, provided that any individual whose
election or nomination for election as a member of the Existing Board was
approved by a vote of at least two-thirds of the Continuing Directors then in
office shall be considered a Continuing Director. In the case of subsections
(1), (2), and (3) above, ownership or control of the Bank by the Company itself
shall not constitute a "Change in Control." For purposes of defining Change in
Control, the term "person" refers to an individual or a corporation,
partnership, trust, association, joint venture, pool, syndicate, sole
proprietorship,

-------------------
(1) Includes the 2005 Amendment.

<PAGE>

unincorporated organization or any other form of entity not specifically listed
herein. The decision of the Committee as to whether a Change in Control has
occurred shall be conclusive and binding.

      (g) "Code" shall mean the Internal Revenue Code of 1986, as amended, and
any regulations promulgated thereunder.

      (h) "Committee" shall mean the Compensation Committee appointed by the
Board in accordance with Paragraph 5(a) hereof; provided that the Board may act
in lieu of the Committee with respect to any matter as to which the Committee
may act.

      (i) "Common Stock" shall mean the common stock of the Company.

      (j) "Company" shall mean Flagstar Bancorp Inc.

      (k) "Continuous Service" shall mean the absence of any interruption or
termination of service as an Employee or Director of the Company or an
Affiliate. Continuous Service shall not be considered interrupted in the case of
sick leave, military leave or any other leave of absence approved by the
Company, in the case of transfers between payroll locations of the Company or
between the Company, an Affiliate or a successor, or in the case of a Director's
performance of services in an emeritus or advisory capacity.

      (l) "Deferred Shares" shall mean Shares that the Company has credited,
pursuant to Paragraph 9 hereof, to a deferred compensation account in the name
of a Participant.

      (m) "Director" shall mean any member of the Board, and any member of the
board of directors of any Affiliate that the Board has by resolution designated
as being eligible for participation in this Plan.

      (n) "Disability" shall mean a physical or mental condition, which in the
sole and absolute discretion of the Committee, is reasonably expected to be of
indefinite duration and to substantially prevent a Participant from fulfilling
his or her duties or responsibilities to the Company or an Affiliate.

      (o) "Effective Date" shall mean the date specified in Paragraph 13 hereof.

      (p) "Employee" shall mean any person employed by the Company, the Bank, or
an Affiliate.

      (q) "Just Cause" shall have the meaning set forth in any unexpired
employment or severance agreement between a Participant and the Company and, in
the absence of any such agreement, shall mean termination because of the
Participant's personal dishonesty, incompetence, willful misconduct, breach of
fiduciary duty involving personal profit, intentional failure to perform stated
duties, willful violation of any law, rule or regulation (other than traffic
violations or similar offenses) or final cease-and-desist order.

                                        2
<PAGE>

      (r) "Market Value" shall mean the fair market value of the Common Stock,
as determined under Paragraph 7(b) hereof.

      (s) "Non-Employee Director" shall have the meaning provided in Rule 16b-3
of the General Rules and Regulations under the Securities Exchange Act of 1934,
as amended.

      (t) "Participant" shall mean any person who receives Restricted Stock or
Deferred Shares pursuant to the Plan.

      (u) "Plan" shall mean Flagstar Bancorp Inc. 2000 Stock Incentive Plan.

      (v) "Restricted Stock" shall mean one or more shares of Common Stock
subject to an Award under this Plan.

      (w) "Rule 16b-3" shall mean Rule 16b-3 of the General Rules and
Regulations under the Securities Exchange Act of 1934, as amended.

      (x) "Share" shall mean one share of Common Stock.

      (y) "Vest" or "Vesting" shall mean the effect of the passage of a point in
time at which an Award shall be absolute and non-forfeitable by the Participant.

      3.    TERM OF THE PLAN AND AWARDS.

      (a) Term of the Plan. The Plan shall continue in effect for a term of ten
years from the Effective Date, unless sooner terminated pursuant to Paragraph 15
hereof. No Award shall be granted under the Plan after ten years from the
Effective Date.

      (b) Term of Awards. The term of each Award granted under the Plan shall be
established by the Committee, but shall not exceed 10 years.

      4.    SHARES SUBJECT TO THE PLAN.

      Except as otherwise required under Paragraph 10, the aggregate number of
Shares deliverable pursuant to the Plan shall not exceed 500,000 Shares. Such
Shares may either be authorized but unissued Shares, Shares held in treasury, or
Shares held in a grantor trust created by the Company. If any Awards expire,
become unexercisable or be forfeited for any reason without having resulted in
the issuance of Shares to Participants, the shares covered by such terminated
Awards shall, unless the Plan shall have been terminated, be available for the
grant of additional Awards under the Plan. Notwithstanding the foregoing,
effective on the date of adoption of the 2005 amendment to the Plan, an
additional 500,000 Shares shall be deliverable pursuant to the Plan, for a total
of 2,750,000 (adjusted to reflect the 3-for-2 stock split on July 13, 2001, the
3-for-2 stock split on May 31, 2002, and the 2-for-1 stock split on May 15,
2003).

                                        3
<PAGE>

      5     ADMINISTRATION OF THE PLAN.

      (a) Composition of the Committee. The Plan shall be administered by the
Company's Compensation Committee, or another committee appointed by the Board,
consisting of at least two members of the Board who are Non-Employee Directors.
Members of the Committee shall serve at the pleasure of the Board. In the
absence at any time of a duly appointed Committee, the Plan shall be
administered by those members of the Board who are Non-Employee Directors.

      (b) Powers of the Committee. Except as limited by the express provisions
of the Plan or by resolutions adopted by the Board, the Committee shall have
sole and complete authority and discretion (i) to select Participants and grant
Awards, (ii) to determine the form and content of Awards to be issued in the
form of Agreements under the Plan, (iii) to interpret the Plan, (iv) to
prescribe, amend and rescind rules and regulations relating to the Plan, and (v)
to make other determinations necessary or advisable for the administration of
the Plan. The Committee shall have and may exercise such other power and
authority as may be delegated to it by the Board from time to time. A majority
of the entire Committee shall constitute a quorum and the action of a majority
of the members present at any meeting at which a quorum is present, or acts
approved in writing by a majority of the Committee without a meeting, shall be
deemed the action of the Committee.

      (c) Agreement. Each Award shall be evidenced by a written agreement
containing such provisions as may be approved by the Committee. Each such
Agreement shall constitute a binding contract between the Company and the
Participant, and every Participant, upon acceptance of such Agreement, shall be
bound by the terms and restrictions of the Plan and of such Agreement. The terms
of each such Agreement shall be in accordance with the Plan, but each Agreement
may include such additional provisions and restrictions determined by the
Committee, in its discretion, provided that such additional provisions and
restrictions are not inconsistent with the terms of the Plan. In particular, the
Committee shall set forth in each Agreement (i) the price for each share of
Restricted Stock, (ii) the number of Shares subject to, and the expiration date
of, each Award, (iii) the manner, time and rate (cumulative or otherwise) of
exercise or vesting of such Award, and (iv) the restrictions, if any, to be
placed upon such Award, or upon Shares which may be issued pursuant to such
Award.

      The Chairman of the Committee and such other Directors and officers as
shall be designated by the Committee are hereby authorized to execute Agreements
on behalf of the Company and to cause them to be delivered to the recipients of
Awards.

      (d) Effect of the Committee's Decisions. All decisions, determinations and
interpretations of the Committee shall be final and conclusive on all persons
affected thereby.

      (e) Indemnification. In addition to such other rights of indemnification
as they may have, the members of the Committee shall be indemnified by the
Company in connection with any claim, action, suit or proceeding relating to any
action taken or failure to act under or in connection with the Plan or any Award
granted hereunder to the full extent provided for under the Company's governing
instruments with respect to the indemnification of Directors.

                                        4
<PAGE>

      6     AWARDS.

      (a) Authorized Grants. The Committee shall make Awards to Employees and
Directors, including members of the Committee, pursuant to [the Agreement
granting the Award].

      (b) Discretionary Grants. The Committee shall have the discretion to make
future grants of Awards to directors, officers and other key employees, and may
make grants in connection with canceling stock options that are
out-of-the-money.

      7.    PRICE FOR SHARES OF RESTRICTED STOCK.

      (a) Limits on Committee Discretion. The value of any particular share of
Restricted Stock shall not be considered to be less than 100% of the Market
Value of the Restricted Stock on the date of grant.

      (b) Standards for Determining Price. If the Restricted Stock is listed on
a national securities exchange, including the NASDAQ National Market System, on
the date in question, then the Market Value per Share shall be the average of
the highest and lowest selling price on such exchange on such date, or if there
were no sales on such date, then the Exercise Price shall be the mean between
the bid and asked price on such date. If the Common Stock is traded otherwise
than on a national securities exchange on the date in question, then the Market
Value per Share shall be the mean between the bid and asked price on such date,
or, if there is no bid and asked price on such date, then on the next prior
business day on which there was a bid and asked price. If no such bid and asked
price is available, then the Market Value per Share shall be its fair market
value as determined by the Committee, in its sole and absolute discretion.

      8.    SALE OF RESTRICTED STOCK; VESTING.

      (a) Conditions for Sale. Restricted stock awarded hereunder shall be
transferable at such times and under such conditions as the Committee shall
specify in the Agreement granting the Award.

      (b) Vesting. Shares of Restricted Stock will vest as follows: (i) 25% on
the first anniversary of the award of shares of Restricted stock; and (ii) 25%
on each successive anniversary for 3 years. Notwithstanding the preceding
sentence, the Committee shall have the discretion to specify an alternative
vesting schedule.

      (c) Accelerated Vesting. Upon a Participant's death, disability or
retirement after age 65, all outstanding Awards shall become fully exercisable
notwithstanding any other provisions of the Plan or any other Agreement.

      (d) Procedure for Sale. A Participant may sell shares of Restricted Stock
subject to provisions relative to its termination and limitations on sale as may
be imposed by the Committee in the Award.

                                        5
<PAGE>

         (e) Termination of Awards. All Awards under the Plan shall, prior to
vesting, be terminated and void upon the date of a Participant's termination for
"Just Cause" or termination of a Participant's "Continuous Service."

         (f) Effect of the Committee's Decisions. The Committee's determination
whether a Participant's Continuous Service has ceased, and the effective date
thereof, shall be final and conclusive on all persons affected thereby.

      9.    DEFERRED SHARE CREDITS.

      (a) Annual Awards. The Committee shall have the discretion to make
discretionary awards of Deferred Shares to the accounts of Employees and
Directors (including members of the Committee).

      (b) Elections to Defer. The Committee may permit any Participant who is a
member of a select group of management or highly compensated employees, within
the meaning of the Employees' Retirement Income Security Act of 1973, to elect
irrevocably to forego the receipt of cash compensation and in lieu thereof to
have the Company credit an equal value of Deferred Shares to an account payable
to the Participant.

      (c) Vesting. All Deferred Shares shall be 100% vested, unless an Agreement
specifically provides to the contrary.

      (d) Cash Earnings on Deferred Shares. On the last day of each fiscal year
of the Company, the Committee shall credit each Participant's account with
Deferred Shares having a value equal to the product of (I) the number of
Deferred Shares credited to the Participant's account at the end of the prior
fiscal year and (ii) the total cash dividends per Share that the Company paid
during the current fiscal year. The Trustees shall hold each Participant's
Deferred Shares and deferred earnings until distribution is required pursuant to
subparagraph (f) hereof.

      (e) Distributions of Deferred Shares and Earnings. The Trustee shall
distribute a Participant's Deferred Shares and deferred earnings in five
substantially equal annual installments that are paid before the last day of
each of the five fiscal years of the Company that end after the date on which
the Participant's Continuous Service terminates, unless the Committee has
accepted the form attached hereto as Exhibit "A" (the "Distribution Election
Form"), in which case distributions shall be made in accordance with the method
selected on the form. Acceptance by the Committee shall be presumed to occur on
delivery of a Distribution Election Form to the Committee, unless (I) the
Committee returns it within TEN (10) business days, with a written notice that
sets forth the reasons for its rejection, or (ii) the Participant delivers the
Distribution Election Form to the Committee either within 90 days of a Change in
Control or within one year of the date on which the Participant's Continuous
Service terminates prior to a Change in Control for any reason other than the
Participant's death.

      (f) Hardship Withdrawals. Notwithstanding any other provision of the Plan
or a Participant's Distribution Election Form, in the event the Participant
suffers an unforeseeable hardship within the contemplation of this paragraph,
the Participant may apply to the Committee for an immediate distribution of all
or a portion of his Deferred Shares. The hardship must result

                                        6
<PAGE>

from a sudden and unexpected illness or accident of the Participant or a
dependent of the Participant, casualty loss of property, or other similar
conditions beyond the control of the Participant. Examples of purposes which are
not considered hardships include post-secondary school expenses or the desire to
purchase a residence. In no event will a distribution be made to the extent the
hardship could be relieved through reimbursement or compensation by insurance or
otherwise, or by liquidation of the Participant's nonessential assets to the
extent such liquidation would not itself cause a severe financial hardship. The
amount of any distribution hereunder shall be limited to the amount necessary to
relieve the Participant's financial hardship. The determination of whether a
Participant has a qualifying hardship and the amount which qualifies for
distribution, if any, shall be made by the Committee in its sole discretion. The
Committee may require evidence of the purpose and amount of the need, and may
establish such application or other procedures as it deems appropriate.

      (g) Rights to Deferred Shares and Earnings. A Participant may not assign
his or her claim to Deferred Shares and associated earnings during his or her
lifetime. A Participant's right to Deferred Shares and associated earnings shall
at all times constitute an unsecured promise of the Company to pay benefits as
they come due. Neither the Participant nor his or her beneficiary shall have any
claim against or rights in any specific assets or other fund of the Company.

      10.   CHANGE IN CONTROL; EFFECT OF CHANGES IN COMMON STOCK SUBJECT TO THE
            PLAN.

      (a) Change in Control. Upon a Change in Control (or, if earlier, the
execution of an agreement to effect a Change in Control), all outstanding Awards
shall become fully vested, notwithstanding any other provision of the Plan or
any Agreement.

      (b) Recapitalizations; Stock Splits, Etc. The number and kind of Shares
reserved for issuance under the Plan, and the number and kind of Shares subject
to outstanding Awards, shall be proportionately adjusted for any increase,
decrease, change or exchange of Shares for a different number or kind of shares
or other securities of the Company which results from a merger, consolidation,
recapitalization, reorganization, reclassification, stock dividend, split-up,
combination of shares, or similar event in which the number or kind of shares is
changed without the receipt or payment of consideration by the Company.

      (c) Transactions in which the Company is Not the Surviving Entity. In the
event of (i) the liquidation or dissolution of the Company, (ii) a merger or
consolidation in which the Company is not the surviving entity, or (iii) the
sale or disposition of all or substantially all of the Company's assets (any of
the foregoing to be referred to herein as a "Transaction"), all Deferred Shares
and all outstanding Restricted Stock, shall be equitably adjusted for any change
or exchange of Shares for a different number or kind of shares or other
securities which results from the Transaction.

      (d) Conditions and Restrictions on New, Additional, or Different Shares or
Securities. If, by reason of any adjustment made pursuant to this paragraph, a
Participant becomes entitled to new, additional, or different shares of stock or
securities, such new, additional, or different shares of stock or securities
shall thereupon be subject to all of the conditions and restrictions which were
applicable to the Deferred Shares and Restricted Stock before the adjustment was
made.

                                        7
<PAGE>

      (e) Other Issuances. Except as expressly provided in this paragraph, the
issuance by the Company or an Affiliate of shares of stock of any class, or of
securities convertible into Shares or stock of another class, for cash or
property or for labor or services either upon direct sale or upon the exercise
of rights or warrants to subscribe therefor, shall not affect, and no adjustment
shall be made with respect to, the number, class, or Exercise Price of Shares
then subject to Awards or reserved for issuance under the Plan.

      11.   NON-TRANSFERABILITY.

      Awards may not be sold, pledged, assigned, hypothecated, transferred or
disposed of in any manner other than by will or by the laws of descent and
distribution. Notwithstanding the foregoing, or any other provision of this
Plan, a Participant who holds Restricted Stock may transfer such Restricted
Stock to his or her spouse, lineal ascendants, lineal descendants, or to a duly
established trust for the benefit of one or more of these individuals.
Restricted Stock so transferred may thereafter be transferred only to the
Participant who originally received the grant or to an individual or trust to
whom the Participant could have initially transferred the Restricted Stock
pursuant to this paragraph. Restricted Stock which is transferred pursuant to
this paragraph shall be exercisable by the transferee according to the same
terms and conditions as applied to the Participant.

      12.   TIME OF GRANTING AWARDS.

      The date of grant of an Award shall, for all purposes, be the date on
which the Committee makes the determination of granting such Award. Notice of
the determination shall be given to each Participant to whom an Award is so
granted within a reasonable time after the date of such grant.

      13.   EFFECTIVE DATE.

      The Plan shall become effective upon approval by the Board. The Board may,
however, at its sole discretion, require that the effectiveness of the Plan and
the effectiveness of any Awards be contingent upon the Plan's approval by a
favorable vote of stockholders owning at least a majority of the total votes
cast at a duly called meeting of the Company's stockholders held in accordance
with applicable laws.

      14.   MODIFICATION OF AWARDS.

      At any time, and from time to time, the Board may authorize the Committee
to direct execution of an instrument providing for the modification of any
outstanding Award, provided no such modification shall confer on the holder of
said Award any right or benefit which could not be conferred on him by the grant
of a new Award at such time, or impair the Award without the consent of the
holder of the Award.

      15.   AMENDMENT AND TERMINATION OF THE PLAN.

      The Board may from time to time amend the terms of the Plan and, with
respect to any Shares at the time not subject to outstanding Awards, suspend or
terminate the Plan. No

                                        8
<PAGE>

amendment, suspension or termination of the Plan shall, without the consent of
any affected holders of an Award, alter or impair any rights or obligations
under any Award theretofore granted.

      16.   CONDITIONS UPON ISSUANCE OF SHARES.

      (a) Compliance with Securities Laws. Shares of Common Stock shall not be
issued pursuant to any provision of this Plan unless the issuance and delivery
of such Shares shall comply with all relevant provisions of law, including,
without limitation, the Securities Act of 1933, as amended, the rules and
regulations promulgated thereunder, any applicable state securities law, and the
requirements of any stock exchange upon which the Shares may then be listed.

      (b) Special Circumstances. The inability of the Company to obtain approval
from any regulatory body or authority deemed by the Company's counsel to be
necessary to the lawful issuance and sale of any Shares hereunder shall relieve
the Company of any liability in respect of the non-issuance or sale of such
Shares.

      (c) Committee Discretion. The Committee shall have the discretionary
authority to impose in Agreements such restrictions on Deferred Shares or
Restricted Stock as it may deem appropriate or desirable, including but not
limited to the authority to impose a right of first refusal, or to establish
repurchase rights, or to pay a Participant the in-the-money value of his Award
in consideration for its cancellation, or all of these restrictions.

      17.   RESERVATION OF SHARES.

      The Company, during the term of the Plan, will reserve and keep available
a number of Shares sufficient to satisfy the requirements of the Plan.

      18.   WITHHOLDING TAX.

      The Company's obligation to deliver Shares pursuant to the Plan shall be
subject to the Participant's satisfaction of all applicable federal, state and
local income and employment tax withholding obligations. Absent an election to
the contrary, a Participant will recognize ordinary income upon becoming vested
in an Award. Each Participant shall have the option to accelerate or defer
recognition of ordinary income upon becoming vested. The Committee, in its
discretion, may permit the Participant to satisfy the obligation, in whole or in
part, by irrevocably electing to have the Company withhold Shares, or to deliver
to the Company Shares that he already owns, having a value equal to the amount
required to be withheld. The value of the Shares to be withheld, or delivered to
the Company, shall be based on the Market Value of the Shares on the date the
amount of tax to be withheld is to be determined. As an alternative, the Company
may retain, or sell without notice, a number of such Shares sufficient to cover
the amount required to be withheld.

                                        9
<PAGE>

      19.   NO EMPLOYMENT OR OTHER RIGHTS.

      In no event shall an Employee's or Director's eligibility to participate
or participation in the Plan create or be deemed to create any legal or
equitable right of the Employee, Director, or any other party to continue
service with the Company, the Bank, or any Affiliate of such corporations. No
Employee or Director shall have a right to be granted an Award or, having
received an Award, the right to again be granted an Award. However, an Employee
or Director who has been granted an Award may, if otherwise eligible, be granted
an additional Award or Awards.

      20.   GOVERNING LAW.

      The Plan shall be governed by and construed in accordance with the laws of
the State of Michigan except to the extent that federal law shall be deemed to
apply.

                                       10
<PAGE>

                              FLAGSTAR BANCORP INC.
                            2000 STOCK INCENTIVE PLAN

                         -------------------------------

                             DEFERRAL ELECTION FORM

                         -------------------------------

      AGREEMENT, made this __ day of _____________, _____, by and between
_____________ (the "Participant"), and Flagstar Bancorp Inc. (the "Company").

      WHEREAS, the Company has established the Flagstar Bancorp Inc. 2000 Stock
Incentive Plan (the "Plan"), and the Participant is eligible to participate in
said Plan.

      NOW THEREFORE, it is mutually agreed as follows:

      1.    The Participant, by the execution hereof, agrees to participate in
      the Plan upon the terms and conditions set forth therein, and, in
      accordance therewith, elects to defer the receipt of:

            [ ] _____% of the Participant's base salary, director's fees, and/or
                retainers.

            [ ] _____% of any additional cash compensation that the Participant
                may receive.

      2.    This election will take effect --

            [ ] on the January 1st that next follows execution of this election.

            [ ] immediately, but only with respect to annual retainers, director
                fees, salary, and/or cash bonuses that the Participant may earn
                in the future and as to which

      3.    This election shall be irrevocable.

      IN WITNESS WHEREOF, the parties hereto have hereunto set their hands the
day and year first above-written.

                                                     PARTICIPANT

Witnessed by:

________________________________        ________________________________________

Witnessed by:                                      FLAGSTAR BANCORP INC.

________________________________        By _____________________________________
                                           A duly authorized Administrator of
                                           the Plan

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