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| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
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FAIRMOUNT FEDERAL SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
FAIRMOUNT FEDERAL SAVINGS BANK |
| Address | 8201 PHILADELPHIA ROAD
BALTIMORE, MD 21237 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 180 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $12,387,000 |
| Average Mortgage Loan Amount Applied For | $69,840 |
| Highest Mortgage Loan Amount Applied For | $619,000 |
| Average Applicant Income | $55,280 |
| Highest Applicant Income | $698,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
153 | $8,671,000 |
$56,000 | $619,000 |
$54,000 | $698,000 |
| Refinancing |
27 | $3,716,000 |
$137,000 | $416,000 |
$57,000 | $169,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $167,000 |
$167,000 | $167,000 |
$65,000 | $65,000 |
| Black or African American |
2 | $268,000 |
$134,000 | $224,000 |
$60,000 | $74,000 |
| Hispanic |
3 | $157,000 |
$52,000 | $113,000 |
$48,000 | $80,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
2 | $121,000 |
$60,000 | $68,000 |
$0 | $0 |
| Not Provided |
4 | $864,000 |
$216,000 | $619,000 |
$217,000 | $698,000 |
| White |
168 | $10,810,000 |
$64,000 | $417,000 |
$51,000 | $182,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
180 | $12,387,000 |
$68,000 | $619,000 |
$55,000 | $698,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
47 | $1,980,000 |
$42,000 | $112,000 |
$45,000 | $99,000 |
| Application Denied By Financial Institution |
55 | $3,090,000 |
$56,000 | $180,000 |
$44,000 | $101,000 |
| Application Withdrawn By Applicant |
6 | $1,306,000 |
$217,000 | $417,000 |
$92,000 | $149,000 |
| File Closed For Incompleteness |
3 | $647,000 |
$215,000 | $316,000 |
$73,000 | $108,000 |
| Loan Originated |
69 | $5,364,000 |
$77,000 | $619,000 |
$65,000 | $698,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
1 | $16,000 |
$16,000 | $16,000 |
$38,000 | $38,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
14 | $734,000 |
$52,000 | $167,000 |
$54,000 | $101,000 |
| Debt-To-Income Ratio |
35 | $2,030,000 |
$58,000 | $180,000 |
$41,000 | $90,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $36,000 |
$36,000 | $36,000 |
$56,000 | $56,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
4 | $274,000 |
$68,000 | $124,000 |
$37,000 | $52,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FAIRMOUNT FEDERAL SAVINGS BANK by:
Metropolitan Area And
County
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