FORM 4
[X] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Borja Paul D		 2. Issuer Name and Ticker or Trading Symbol

FLAGSTAR BANCORP INC [ (NYSE:FBC) ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
Exec VP and General Counsel
(Last)          (First)          (Middle)

5151 CORPORATE DRIVE		 3. Date of Earliest Transaction (MM/DD/YYYY)

12/1/2022
(Street)

TROY, MI 48098
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
 6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Flagstar Bancorp, Inc. Common Stock 12/1/2022  A  2484 (1)A$0 31010 (2)D  
Flagstar Bancorp, Inc. Common Stock 12/1/2022  F  711 (3)D$0 30299 D  
Flagstar Bancorp, Inc. Common Stock 12/1/2022  D  30299 D (4)0 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)		2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)		8. Price of Derivative Security
(Instr. 5)		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Unit (L060220)  (5)12/1/2022  D     677   (5) (5)Flagstar Bancorp, Inc. Common Stock 677.0  (5)0 D  
Restricted Stock Unit (L052521)  (5)12/1/2022  D     2183   (5) (5)Flagstar Bancorp, Inc. Common Stock 2183.0  (5)0 D  
Restricted Stock Unit (L052422)  (5)12/1/2022  D     7075   (5) (5)Flagstar Bancorp, Inc. Common Stock 7075.0  (5)0 D  
Explanation of Responses:
(1) The reporting person acquired these shares upon the settlement of certain Performance Share Units (PSUs) of the issuer, accelerated at merger. The PSUs were originally granted on June 2, 2020 under the Issuer's 2016 Stock Award and Incentive Plan.
(2) Includes 27.02 shares and 30.2 shares acquired on August 19, 2022 and November 17, 2022, respectively, from a broker dividend reinvestment plan with substantially the same terms as the Issuer's qualified plan.
(3) These shares were surrendered to satisfy tax withholding obligations resulting from the settlement of certain Performance Share Units of issuer.
(4) Disposed of in connection with the Agreement and Plan of Merger by and among Issuer and New York Community Bancorp, Inc. ("NYCB"), dated April 24, 2021, as amended (the "Merger Agreement"), pursuant to which the Issuer was merged with and into NYCB on December 1, 2022 (the "Effective Time"). Pursuant to the Merger Agreement, as of the Effective Time, each issued and outstanding share of the Issuer's common stock was converted into the right to receive 4.0151 shares of NYCB common stock (the "Exchange Ratio") and cash in lieu of fractional shares, if applicable.
(5) At the Effective Time of the merger, pursuant to the terms of the Merger Agreement, each Issuer RSU was converted into a time-based restricted stock unit denominated in shares of NYCB Common Stock based on the Exchange Ratio (NYCB "RSUs").

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Borja Paul D
5151 CORPORATE DRIVE
TROY, MI 48098

Exec VP and General Counsel
Signatures
/s/ Jan M. Klym by Power of Attorney for Mr. Borja12/5/2022
**Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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