|
|
| $5,279,183,286,000 in Mortgage Loans Applied for in 2007 from 26,605,695 Applications |
|
|
|
|
|
|
FIRST FEDERAL BANK
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
FIRST FEDERAL BANK |
| Address | 601 CLINTON STREET
DEFIANCE, OH 43512 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2007 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 |
| Total Number of Mortgage Loan Applications Processed | 2,431 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $271,674,000 |
| Average Mortgage Loan Amount Applied For | $163,454 |
| Highest Mortgage Loan Amount Applied For | $5,440,000 |
| Average Applicant Income | $96,651 |
| Highest Applicant Income | $1,425,000 |
|
|
|
| Home Improvement |
77 | $2,254,000 |
$29,000 | $513,000 |
$53,000 | $375,000 |
| Home Purchase |
1,959 | $221,379,000 |
$113,000 | $5,440,000 |
$57,000 | $949,000 |
| Refinancing |
1,040 | $113,891,000 |
$109,000 | $1,500,000 |
$63,000 | $1,425,000 |
|
|
| American Indian or Alaskan Native |
9 | $904,000 |
$100,000 | $203,000 |
$109,000 | $384,000 |
| Asian |
8 | $2,721,000 |
$340,000 | $1,000,000 |
$275,000 | $847,000 |
| Black or African American |
19 | $1,979,000 |
$104,000 | $496,000 |
$69,000 | $692,000 |
| Hispanic |
97 | $8,728,000 |
$89,000 | $369,000 |
$70,000 | $668,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $114,000 |
$57,000 | $94,000 |
$38,000 | $46,000 |
| Not applicable |
124 | $28,241,000 |
$227,000 | $5,440,000 |
$0 | $0 |
| Not Provided |
75 | $9,858,000 |
$131,000 | $524,000 |
$68,000 | $371,000 |
| White |
2,742 | $284,979,000 |
$103,000 | $720,000 |
$60,000 | $1,425,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
3,009 | $332,248,000 |
$110,000 | $5,440,000 |
$60,000 | $1,425,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
67 | $5,276,000 |
$78,000 | $139,000 |
$33,000 | $62,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
|
| Application Approved But Not Accepted |
255 | $28,592,000 |
$112,000 | $417,000 |
$58,000 | $211,000 |
| Application Denied By Financial Institution |
313 | $30,838,000 |
$98,000 | $645,000 |
$48,000 | $668,000 |
| Application Withdrawn By Applicant |
94 | $11,076,000 |
$117,000 | $720,000 |
$75,000 | $847,000 |
| File Closed For Incompleteness |
10 | $1,127,000 |
$112,000 | $176,000 |
$47,000 | $72,000 |
| Loan Originated |
1,763 | $200,481,000 |
$113,000 | $5,440,000 |
$65,000 | $1,425,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
344 | $40,084,000 |
$116,000 | $1,000,000 |
$54,000 | $899,000 |
| Preapproval Denied by Financial Institution |
297 | $25,326,000 |
$85,000 | $339,000 |
$37,000 | $371,000 |
|
|
| Collateral |
26 | $2,635,000 |
$101,000 | $400,000 |
$51,000 | $155,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
325 | $27,806,000 |
$85,000 | $417,000 |
$45,000 | $282,000 |
| Debt-To-Income Ratio |
157 | $17,023,000 |
$108,000 | $645,000 |
$34,000 | $91,000 |
| Employment History |
67 | $5,468,000 |
$81,000 | $209,000 |
$36,000 | $89,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
18 | $1,391,000 |
$77,000 | $190,000 |
$52,000 | $371,000 |
| Mortgage Insurance Denied |
3 | $212,000 |
$70,000 | $90,000 |
$26,000 | $31,000 |
| Other |
6 | $484,000 |
$80,000 | $161,000 |
$62,000 | $78,000 |
| Unverifiable Information |
8 | $1,145,000 |
$143,000 | $369,000 |
$129,000 | $668,000 |
|
Mortgage Loan App Totals for FIRST FEDERAL BANK by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
