POWER OF ATTORNEY
Know all by these present that the undersigned hereby constitutes
and appoints each of Paul D. Borja, Christine M. Reid and Jan M.
Klym, signing singly, the undersigned's true and lawful
attorney-in-fact to:
execute for and on behalf of the undersigned, in the undersigned's
capacity as an executive officer of Flagstar Bancorp, Inc.
(the "Company"), Forms 3, 4, and 5 in accordance with Section16(a)
 of the Securities Exchange Act of 1934 and the rules thereunder;
do and perform any and all acts for and on behalf of the undersigned
which may be necessary or desirable to complete and execute any such
Form 3, 4, or 5 and timely file such form with the United States
Securities and Exchange Commission and any stock exchange or
similarly authority; and take any other action of any type whatsoever
in connection with the foregoing which,in the opinion of such
attorney-in-fact, may be of benefit to, in the best interest of,
or legally required by, the undersigned, it being understood that
the documents executed by such attorney-in-fact on behalf of the
undersigned pursuant to this Power of Attorney shall be in such form
and shall contain such terms and conditions as such attorney-in-fact
may approve in such attorney-in-fact's discretion.
The undersigned hereby grants to each such attorney-in-fact full power
and authority to do and perform any and every act and thing whatsoever
requisite, necessary, or proper to be done in the exercise of any of
the rights and powers herein granted, as fully to all intents and
purposes as the undersigned might or could do if personally present,
with full power of substitution or revocation, hereby ratifying and
confirming all that such attorney-in-fact, or such attorney-in-fact's
substitute or substitutes, shall lawfully do or cause to be done
by virtue of this power of attorney and the rights and powers
herein granted.  The undersigned further agrees to indemnify and hold
the attorney-in-fact free and harmless from and against any and all
liabilities, costs, damages, judgments, attorneys' fees and
disbursements, expenses, losses or liabilities of any kind or nature
which may incur or sustain as a result of any action taken by him or
her in good faith hereunder.  The undersigned acknowledges that the
foregoing attorneys-in-fact, in serving in such capacity at the
request of the undersigned, are not assuming, nor is the Company
assuming, any of the undersigned's responsibilities to comply
with Section 16 of the Securities Exchange Act of 1934.
The Power of Attorney shall remain in full force and effect until
the undersigned is no longer required to file Forms 3, 4, and 5
with respect to the undersigned's holdings of and transactions in
securities issued by the Company, unless earlier revoked by the
undersigned in a signed writing delivered to the foregoing
attorneys-in-fact.
IN WITNESS WHEREOF, the undersigned has caused this Power of
Attorney to be executed as of this 18th day of November, 2020.
/s/Peter Schoels