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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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FINANCIAL FEDERAL SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
FINANCIAL FEDERAL SAVINGS BANK |
| Address | 6305 HUMPHREYS BLVD. SUITE 101
MEMPHIS, TN 38120 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 603 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $215,384,000 |
| Average Mortgage Loan Amount Applied For | $2,102,025 |
| Highest Mortgage Loan Amount Applied For | $19,250,000 |
| Average Applicant Income | $114,000 |
| Highest Applicant Income | $1,460,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
485 | $186,189,000 |
$383,000 | $19,250,000 |
$118,000 | $1,460,000 |
| Refinancing |
118 | $29,195,000 |
$247,000 | $1,500,000 |
$150,000 | $1,440,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
14 | $2,458,000 |
$175,000 | $396,000 |
$113,000 | $325,000 |
| Black or African American |
18 | $1,609,000 |
$89,000 | $356,000 |
$63,000 | $197,000 |
| Hispanic |
6 | $1,106,000 |
$184,000 | $329,000 |
$117,000 | $256,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
17 | $94,825,000 |
$5,577,000 | $19,250,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
548 | $115,386,000 |
$210,000 | $3,000,000 |
$130,000 | $1,460,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
585 | $212,839,000 |
$363,000 | $19,250,000 |
$126,000 | $1,460,000 |
| FHA-insured (Federal Housing Administration) |
13 | $1,535,000 |
$118,000 | $197,000 |
$45,000 | $81,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
5 | $1,010,000 |
$202,000 | $255,000 |
$74,000 | $87,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
13 | $2,031,000 |
$156,000 | $800,000 |
$204,000 | $1,440,000 |
| Application Withdrawn By Applicant |
27 | $5,304,000 |
$196,000 | $880,000 |
$132,000 | $715,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
563 | $208,049,000 |
$369,000 | $19,250,000 |
$122,000 | $1,460,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
3 | $995,000 |
$331,000 | $800,000 |
$106,000 | $267,000 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
5 | $489,000 |
$97,000 | $250,000 |
$65,000 | $144,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
4 | $509,000 |
$127,000 | $304,000 |
$458,000 | $1,440,000 |
| Unverifiable Information |
1 | $38,000 |
$38,000 | $38,000 |
$184,000 | $184,000 |
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Mortgage Loan App Totals for FINANCIAL FEDERAL SAVINGS BANK by:
Metropolitan Area And
County
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