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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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FEDERAL TRUST BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
FEDERAL TRUST BANK |
| Address | 312 W. 1ST ST.
SANFORD, FL 32771 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 415 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $93,752,000 |
| Average Mortgage Loan Amount Applied For | $284,727 |
| Highest Mortgage Loan Amount Applied For | $1,943,000 |
| Average Applicant Income | $53,545 |
| Highest Applicant Income | $1,000,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
312 | $74,651,000 |
$239,000 | $1,943,000 |
$26,000 | $1,000,000 |
| Refinancing |
103 | $19,101,000 |
$185,000 | $1,500,000 |
$35,000 | $240,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
3 | $461,000 |
$153,000 | $167,000 |
$37,000 | $70,000 |
| Hispanic |
7 | $1,098,000 |
$156,000 | $266,000 |
$148,000 | $280,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
355 | $74,291,000 |
$209,000 | $1,101,000 |
$8,000 | $480,000 |
| Not Provided |
1 | $108,000 |
$108,000 | $108,000 |
$70,000 | $70,000 |
| White |
49 | $17,794,000 |
$363,000 | $1,943,000 |
$158,000 | $1,000,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
415 | $93,752,000 |
$225,000 | $1,943,000 |
$28,000 | $1,000,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
7 | $4,735,000 |
$676,000 | $1,943,000 |
$291,000 | $1,000,000 |
| Application Withdrawn By Applicant |
8 | $2,049,000 |
$256,000 | $900,000 |
$126,000 | $420,000 |
| File Closed For Incompleteness |
6 | $1,633,000 |
$272,000 | $750,000 |
$99,000 | $240,000 |
| Loan Originated |
40 | $12,136,000 |
$303,000 | $1,500,000 |
$133,000 | $555,000 |
| Loan Purchased By The Institution |
354 | $73,199,000 |
$206,000 | $1,101,000 |
$8,000 | $480,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $385,000 |
$192,000 | $220,000 |
$59,000 | $64,000 |
| Debt-To-Income Ratio |
2 | $367,000 |
$183,000 | $200,000 |
$77,000 | $113,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $162,000 |
$162,000 | $162,000 |
$40,000 | $40,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $1,943,000 |
$1,943,000 | $1,943,000 |
$725,000 | $725,000 |
| Unverifiable Information |
1 | $1,878,000 |
$1,878,000 | $1,878,000 |
$1,000,000 | $1,000,000 |
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Mortgage Loan App Totals for FEDERAL TRUST BANK by:
Metropolitan Area And
County
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