Holding Company Only Financial Statements (Tables) - Parent Company
 12 Months Ended
Dec. 31, 2015
Condensed Financial Statements, Captions [Line Items]  
Schedule of Condensed Balance Sheet
Flagstar Bancorp, Inc.
Condensed Unconsolidated Statements of Financial Condition
(Dollars in millions)  
 
December 31,
 
2015
 
2014
Assets
 
 
 
Cash and cash equivalents
$
37

 
$
46

Investment in subsidiaries (1)
1,738

 
1,571

Other assets
50

 
43

Total assets
$
1,825

 
$
1,660

Liabilities and Stockholders’ Equity
 
 
 
Liabilities
 
 
 
Long term debt
$
247

 
$
248

Total interest paying liabilities
247

 
248

Other liabilities
49

 
39

Total liabilities
296

 
287

Stockholders’ Equity
 
 
 
Preferred Stock
267

 
267

Common stock
1

 
1

Additional paid in capital
1,486

 
1,482

Accumulated other comprehensive income
2

 
8

Accumulated deficit
(227
)
 
(385
)
Total stockholders’ equity
1,529

 
1,373

Total liabilities and stockholders’ equity
$
1,825

 
$
1,660


(1)
Includes unconsolidated trusts.
Schedule of Condensed Income Statement
Flagstar Bancorp, Inc.
Condensed Unconsolidated Statements of Operations
(Dollars in millions) 
 
For the Years Ended December 31,
 
2015
 
2014
 
2013
Expenses
 
 
 
 
 
Interest
$
7

 
$
7

 
$
7

General and administrative
13

 
5

 
9

Total
20

 
12

 
16

Loss before undistributed loss of subsidiaries
(20
)
 
(12
)
 
(16
)
Income (loss) equity in undistributed of subsidiaries
172

 
(63
)
 
247

Income (loss) before income taxes
152

 
(75
)
 
231

Benefit for income taxes
6

 
6

 
36

Net income (loss)
158

 
(69
)
 
267

Preferred stock dividends/accretion
—

 
(1
)
 
(6
)
Net income (loss) from continuing operations
158

 
(70
)
 
261

Other comprehensive (loss) income (2)
(6
)
 
13

 
(3
)
Comprehensive income (loss)
$
152

 
$
(57
)
 
$
258


(1)
Certain amounts within the financial statements have been restated to conform to current presentation
(2)
See Consolidated Statements of Comprehensive Income for other comprehensive income (loss) detail.
Schedule of Condensed Cash Flow Statement
Flagstar Bancorp, Inc.
Condensed Unconsolidated Statements of Cash Flows
(Dollars in millions) 
 
For the Years Ended December 31,
 
2015
 
2014
 
2013
Net income (loss)
$
158

 
$
(69
)
 
$
267

Adjustments to reconcile net loss to net cash provided by operating activities
 
 
 
 
 
Equity in (income) loss of subsidiaries
(172
)
 
63

 
(247
)
Stock-based compensation
3

 
3

 
3

Change in other assets
(6
)
 
(3
)
 
(36
)
Provision for deferred tax benefit
1

 
—

 
—

Change in other liabilities
9

 
4

 
7

Net cash used in operating activities
(7
)
 
(2
)
 
(6
)
Investing Activities
 
 
 
 
 
Net change in investment in subsidiaries
(2
)
 
(2
)
 
—

Net cash used in investment activities
(2
)
 
(2
)
 
—

Net decrease in cash and cash equivalents
(9
)
 
(4
)
 
(6
)
Cash and cash equivalents, beginning of year
46

 
50

 
56

Cash and cash equivalents, end of year
$
37

 
$
46

 
$
50