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					                                                                                                    Pricing Effective
                                                                                                       Maximum 5 locks

                                                                                               Broker Price In
5151 Corporate Drive Troy, Michigan 48098                       Expiration Dates:                  48 Contiguous States
Lock on-line        www.wholesale.flagstar.com                  10 Day    05/30/06
Lock-Ins            (800) 93-RATES                              15 Day    06/02/06
Lock-Ins Fax        (248) 312-LOCK                              30 Day    06/19/06
Main Office         (800) 945-7700                              50 Day    07/07/06
Underwriting        (800) 447-7181                              60 Day    07/17/06

                                Agency Expanded Approval and A Minus Programs
                               MAXIMUM NET PREMIUM ON EXPANDED APPROVAL FIXED PROGRAMS IS 103.00
                                         Offsheet Pricing Available in Loantrac and Price Quote
                                                 Expanded Approval Level 1 (doc #5326)
 15 Year   10 Day    30 Day     50 Day    60 Day    70 Day                            30 Year
  6.250     98.651    98.630     98.610    98.499    98.389                            6.625
  6.375     99.070    99.042     99.015    98.901    98.788                            6.750
  6.500     99.680    99.646     99.612    99.495    99.378                            6.875
  6.625    100.050   100.009     99.968    99.847    99.726                            7.000
  6.750    100.409   100.361    100.313   100.189   100.065                            7.125
  6.875    100.916   100.861    100.806   100.679   100.552                            7.250
  7.000    101.433   101.371    101.310   101.179   101.048                            7.375
  7.125    101.692   101.623    101.555   101.420   101.286                            7.500
  7.250    101.940   101.864    101.789   101.651   101.514                            7.625
  7.375    102.019   101.936    101.854   101.713   101.572                            7.750
  7.500    102.436   102.346    102.257   102.113   101.968                            7.875
  7.625    102.650   102.554    102.501   102.310   102.162                            8.000
                                           Expanded Approval Level 2 (doc #5326)
 15 Year   10 Day    30 Day     50 Day    60 Day    70 Day                            30 Year
  6.750     98.526    98.505     98.485    98.374    98.264                            7.125
  6.875     98.945    98.917     98.890    98.776    98.663                            7.250
  7.000     99.555    99.521     99.487    99.370    99.253                            7.375
  7.125     99.925    99.884     99.843    99.722    99.601                            7.500
  7.250    100.284   100.236    100.188   100.064    99.940                            7.625
  7.375    100.791   100.736    100.681   100.554   100.427                            7.750
  7.500    101.308   101.246    101.185   101.054   100.923                            7.875
  7.625    101.567   101.498    101.430   101.295   101.161                            8.000
  7.750    101.815   101.739    101.664   101.526   101.389                            8.125
  7.875    101.894   101.811    101.729   101.588   101.447                            8.250
  8.000    102.311   102.221    102.132   101.988   101.843                            8.375
  8.125    102.525   102.429    102.376   102.185   102.037                            8.500
     Expanded Approval Level 1 5/1 LIBOR ARM                                              Expanded Approval Le
           30 Day    50 Day     70 Day              Margin
  6.625     99.936    99.811     99.461             3.00%      For Offsheet Pricing    7.125
  6.750    100.238   100.113     99.763                           See Loantrac         7.250
  6.875    100.524   100.399    100.049              Doc          or Price Quote       7.375
  7.000    100.794   100.669    100.319             #5326                              7.500
  7.125    101.048   100.923    100.573                       Max Premium is 101.50    7.625
  7.250     101.286    101.161    100.811                 Caps                             7.750
  7.375     101.509    101.384    101.034                 2/2/6                            7.875
                           Expanded Approval Level 3 and Timely Payment Rewards Programs (Doc #5
                              EA L3 and TPR L2 & L3 Now Available to Lock Online. Buyups/Buydowns NOT Availabl
                 30 Year EA Level 3                      30 Year TPR Level 2                   30 Year TPR Lev
             Rate     30 Day     60 Day               Rate     30 Day     60 Day
             7.375     97.106     96.981              7.250     97.506    97.381
             7.500     97.735     97.610              7.375     98.132    98.007
             7.625     98.355     98.230              7.500     98.697    98.572
             7.750     98.937     98.812              7.625     99.238    99.113
             7.875     99.481     99.356              7.750     99.770    99.645
             8.000    100.024     99.899              7.875    100.309 100.184
             8.125    100.565 100.440                 8.000    100.711 100.586
             8.250    101.015 100.890                 8.125    101.073 100.948
             8.375    101.389 101.264                 8.250    101.434 101.309
                 15 Year EA Level 3                      15 Year TPR Level 2                   15 Year TPR Lev
             Rate     30 Day     60 Day               Rate     30 Day     60 Day
             7.125     98.161     98.036              7.250     99.444    99.319
             7.250     98.660     98.535              7.375     99.952    99.827
             7.375     99.175     99.050              7.500    100.285 100.160
             7.500     99.691     99.566              7.625    100.562 100.437
             7.625    100.207 100.082                 7.750    100.838 100.713
             7.750    100.606 100.481                 7.875    101.118 100.993
             7.875    100.892 100.767                 8.000    101.244 101.119
             8.000    101.177 101.052                 8.125    101.322 101.197
             8.125    101.461 101.336                 8.250    101.400 101.275
                                                   Freddie Mac A-Minus Level 1 (Doc# 5303)
                  Maximum Premium on all Levels is 101.5             10 Year pricing = 15 Year Pricing   20 Year Pricing =
  7 Year     10 Day      30 Day   50 Day    15 Year     10 Day     30 Day      50 Day      60 Day
  4.750      93.758       93.785  93.813     6.000       98.608     98.567     98.526      98.405
  4.875      94.381       94.401  94.422     6.125       98.981     98.933     98.885      98.761
  5.000      94.896       94.910  94.923     6.250       99.475     99.420     99.365      99.238
  5.125      95.294       95.301  95.308     6.375       99.860     99.799     99.737      99.606
  5.250      95.519       95.519  95.519     6.500      100.026     99.957     99.889      99.755
  5.375      96.142       96.135  96.128     6.625      100.162 100.086 100.011            99.873
  5.500      96.445       96.432  96.418     6.750      100.074     99.992     99.910      99.768
  5.625      96.718       96.698  96.677     6.875      100.635 100.545 100.456 100.312
  5.750      97.525       97.497  97.470     7.000      100.863 100.767 100.671 100.523
  5.875      97.760       97.726  97.692     7.125      100.949 100.846 100.743 100.592
  6.000      97.876       97.835  97.794     7.250      101.118 101.008 100.898 100.744
  6.125      98.112       98.064  98.016     7.375      101.316 101.199 101.083 100.925
  6.250      98.105       98.051  97.996     7.500      101.488 101.365 101.241 101.080
  6.375      98.254       98.192  98.130     7.625      101.723 101.593 101.463 101.298
  6.500      98.382       98.313  98.245     7.750      101.923 101.786 101.649 101.480
  6.625      98.580       98.504  98.429     7.875      102.221 102.077 101.933 101.761
Level 2 subtract 0.75 from price          Level 2 subtract 0.75 from price
Level 3 subtract 1.50 from price          Level 3 subtract 1.50 from price
Level 4 subtract 3.0 from price           Level 4 subtract 3.0 from price
Level 5 subtract 3.625 from price         Level 5 subtract 3.625 from price
                           State Tier Adjustments                                                        Conforming
Tier 1+                          TX
Tier 1                             FL, NY
Tier 2                             GA, MD, NC, NJ, OK, PA, TN
Tier 3                             AL, AR, CT, DE, ID, IN, IA, KS, KY, LA, MI, MS, MO,
                                   NE, NH, NM, ND, OH, RI, SC, SD, VA, VT, WA
Tier 4                             AZ, CA, CO, MA, ME, MT, NV, UT            (CA no escrow waiver fee)
Tier 5 (no escrow waiver fee)      IL, OR, WI
Tier 6                             AK, DC, HI, MN, VI, WV, WY               (MN no escrow waiver fee)
                       Tier 1+        Tier 1    Tier 2      Tier 3      Tier 4     Tier 5    Tier 6
Loan Size
$30,000-$49,999         -0.625     -0.725    -0.825    -0.875    -0.925      -1.000              -1.025
$50,000-$74,999         -0.125     -0.225    -0.325    -0.375    -0.425      -0.500              -0.525
$75,000-$99,999          0.000     -0.100    -0.200    -0.250    -0.300      -0.375              -0.400
$100,000-$124,999        0.125      0.025    -0.075    -0.125    -0.175      -0.250              -0.275
$125,000-$149,999        0.185      0.085    -0.015    -0.065    -0.115      -0.190              -0.215
$150,000+                0.250      0.150     0.050       0      -0.050      -0.125              -0.150
                Additional Flex/EA and Flex/TPR Product Adjustments
LTV
95.01-97% LTV subtract .50 from price      97.01-100% LTV subtract 1.00 from price

              **Only loans authorized by Flagstar in the following states (CA, CT, FL, IA, MA, MD, ME, MI, NC, NH, NJ, NY, PA,
             Escrow waiver, separate fee of .25 charged, contact underwriter for details. Excludes CA, IL, MN, OR, WI and confo
Flagstar Bank will not fund nor purchase a High Cost Home Loan (as that term is defined in Sec. 32 of Reg. Z. or in applicable
laws). Flagstar Bank is not privy to negotiations with individual borrowers. It is the responsibility of the broker/correspondent to
the loan program chosen with regard to the individual borrower’s needs and circumstances. Please refer to our High Cost Hom
further information.
                                      May 18, 2006
                 Pricing Effective 4:00 P.M. EDT
                     Maximum 5 locks after 4:45 p.m.

           Broker Price Indication Sheet
                48 Contiguous States & PR              AK, HI, VI
                 1 unit       $417,000                 $625,500
                2 units         $533,850                $800,775
                3 units         $645,300                $967,950
                4 units         $801,950               $1,202,925



d A Minus Programs
AL FIXED PROGRAMS IS 103.00
c and Price Quote
 (doc #5326)
             10 Day       30 Day      50 Day       60 Day     70 Day
              98.516       98.475      98.434       98.313     98.193
              99.036       98.988      98.941       98.817     98.693
              99.721       99.666      99.611       99.484     99.356
             100.431      100.370     100.308      100.177    100.046
             100.878      100.809     100.741      100.607    100.472
             101.314      101.238     101.163      101.025    100.888
             101.802      101.720     101.637      101.496    101.355
             102.391      102.302     102.213      102.069    101.924
             102.707      102.611     102.515      102.367    102.219
             102.911      102.809     102.706      102.554    102.403
             102.941      102.831     102.722      102.567    102.412
             103.295      103.179     103.062      102.904    102.746
c #5326)
             10 Day       30 Day      50 Day       60 Day     70 Day
              98.391       98.350      98.309       98.188     98.068
              98.911       98.863      98.816       98.692     98.568
              99.596       99.541      99.486       99.359     99.231
             100.306      100.245     100.183      100.052     99.921
             100.753      100.684     100.616      100.482    100.347
             101.189      101.113     101.038      100.900    100.763
             101.677      101.595     101.512      101.371    101.230
             102.266      102.177     102.088      101.944    101.799
             102.582      102.486     102.390      102.242    102.094
             102.786      102.684     102.581      102.429    102.278
             102.816      102.706     102.597      102.442    102.287
             103.170      103.054     102.937      102.779    102.621
      Expanded Approval Level 2 5/1 LIBOR ARM
             30 Day       50 Day      70 Day                  Margin
              99.686       99.561      99.211                 3.00%
              99.988       99.863      99.513
             100.274      100.149      99.799                   Doc
             100.544      100.419     100.069                  #5326
             100.798      100.673     100.323
              101.036    100.911    100.561                 Caps
              101.259    101.134    100.784                 2/2/6
 Rewards Programs (Doc #5326)
  Buyups/Buydowns NOT Available
                30 Year TPR Level 3
             Rate     30 Day    60 Day
             7.750     97.508   97.383
             7.875     98.129   98.004
             8.000     98.690   98.565
             8.125     99.236   99.111
             8.250     99.772   99.647
             8.375    100.308 100.183
             8.500    100.709 100.584
             8.625    101.072 100.947
             8.750    101.432 101.307
                15 Year TPR Level 3
             Rate     30 Day    60 Day
             7.750     99.444   99.319
             7.875     99.951   99.826
             8.000    100.286 100.161
             8.125    100.565 100.440
             8.250    100.837 100.712
             8.375    101.115 100.990
             8.500    101.244 101.119
             8.625    101.321 101.196
             8.750    101.398 101.273
1 (Doc# 5303)
15 Year Pricing    20 Year Pricing = 30 Year Pricing
               30 Year     10 Day      30 Day     50 Day   60 Day
                6.250       97.677      97.622    97.568    97.440
                6.375       98.388      98.326    98.265    98.134
                6.500       98.960      98.892    98.823    98.689
                6.625       99.384      99.308    99.233    99.095
                6.750       99.728      99.645    99.563    99.422
                6.875      100.351 100.262 100.173         100.028
                7.000      100.818 100.722 100.626         100.478
                7.125      101.116 101.013 100.911         100.759
                7.250      101.198 101.088 100.979         100.824
                7.375      101.683 101.567 101.451         101.292
                7.500      102.037 101.914 101.791         101.629
                7.625      102.248 102.118 101.987         101.822
                7.750      102.322 102.185 102.048         101.879
                7.875      102.795 102.651 102.507         102.335
                8.000      103.112 102.961 102.811         102.635
                8.125      103.260 103.103 102.945         102.766
              Level 2 subtract 0.75 from price
              Level 3 subtract 1.50 from price
              Level 4 subtract 3.0 from price
              Level 5 subtract 3.625 from price
                  Conforming Loan Adjustments
             Purpose
              C-O Refi 70.01-80% LTV subtract .50 from price
              C-O Refi 80.01-90% LTV subtract .75 from price
              Cash-Out Condo Level II subtract 0.50 from price (EA/TPR L2&L3 only)
                 CLTV
                 > 90% CLTV subtract .25 from price (Fixed)
                 >=90% CLTV subtract .25 from price (ARMs)
                 Multi-Unit
                 2-units 90.01-95% LTV subtract .50 from price
                 3-4 units subtract 1.50 from price
                 Occupancy
                 Investment property <=75% subtract 1.50 from price
                 Investment property 75.01-80% subtract 2.0 from price
                 Investment property 80.01-90% subtract 2.50 from price
                 NY Transfer Tax
                 subtract .25 from price (NY properties only)
                 Loans closing in the name of "Flagstar Bank"
                 subtract .05 from price **see below for applicable states
                 Credit Score (FHLMC A Minus)
                 <580 Credit Score subtract .50 from price
A, MD, ME, MI, NC, NH, NJ, NY, PA, RI, SC, VA, VT, WV)
cludes CA, IL, MN, OR, WI and conforming products in NY
 n Sec. 32 of Reg. Z. or in applicable State or local predatory lending
sibility of the broker/correspondent to discern the appropriateness of
s. Please refer to our High Cost Home Loan Policy, Doc. 4612 for

				
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