| $3,446,236,491 in Mortgage Loans Applied for in 2008 from 17,391,570 Applications |
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FIRST FEDERAL BANK OF CA
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST FEDERAL BANK OF CA |
| Address | 12555 W. JEFFERSON BOULEVARD
LOS ANGELES, CA 90066 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2007 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Loan Applications Processed | 4,529 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $2,836,426,000 |
| Average Mortgage Loan Amount Applied For | $573,831 |
| Highest Mortgage Loan Amount Applied For | $13,300,000 |
| Average Applicant Income | $217,493 |
| Highest Applicant Income | $7,828,000 |
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| Home Improvement |
385 | $197,666,000 |
$513,000 | $4,900,000 |
$150,000 | $1,996,000 |
| Home Purchase |
588 | $468,038,000 |
$795,000 | $8,376,000 |
$287,000 | $7,828,000 |
| Refinancing |
3,576 | $2,180,324,000 |
$609,000 | $13,300,000 |
$175,000 | $6,840,000 |
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| American Indian or Alaskan Native |
14 | $8,277,000 |
$591,000 | $1,160,000 |
$182,000 | $398,000 |
| Asian |
513 | $283,604,000 |
$552,000 | $8,376,000 |
$160,000 | $4,490,000 |
| Black or African American |
348 | $155,127,000 |
$445,000 | $1,758,000 |
$143,000 | $649,000 |
| Hispanic |
926 | $391,605,000 |
$422,000 | $2,138,000 |
$139,000 | $6,840,000 |
| Native Hawaiin or Other Pacific Islander |
55 | $31,156,000 |
$566,000 | $2,049,000 |
$152,000 | $594,000 |
| Not applicable |
226 | $356,443,000 |
$1,577,000 | $13,300,000 |
$10,000 | $575,000 |
| Not Provided |
795 | $461,470,000 |
$580,000 | $6,375,000 |
$196,000 | $7,828,000 |
| White |
1,672 | $1,158,346,000 |
$692,000 | $9,170,000 |
$252,000 | $6,373,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
4,549 | $2,846,028,000 |
$625,000 | $13,300,000 |
$187,000 | $7,828,000 |
| 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 |
148 | $69,097,000 |
$466,000 | $1,800,000 |
$124,000 | $2,372,000 |
| Application Denied By Financial Institution |
2,836 | $1,681,357,000 |
$592,000 | $9,170,000 |
$208,000 | $7,828,000 |
| Application Withdrawn By Applicant |
104 | $72,449,000 |
$696,000 | $5,400,000 |
$130,000 | $681,000 |
| File Closed For Incompleteness |
8 | $5,554,000 |
$694,000 | $1,450,000 |
$127,000 | $293,000 |
| Loan Originated |
1,424 | $1,002,493,000 |
$703,000 | $13,300,000 |
$160,000 | $5,184,000 |
| Loan Purchased By The Institution |
22 | $11,078,000 |
$503,000 | $1,000,000 |
$15,000 | $60,000 |
| Preapproval Approved but not Accepted |
2 | $790,000 |
$395,000 | $480,000 |
$81,000 | $91,000 |
| Preapproval Denied by Financial Institution |
5 | $3,210,000 |
$642,000 | $1,750,000 |
$128,000 | $369,000 |
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| Collateral |
558 | $342,112,000 |
$613,000 | $9,170,000 |
$232,000 | $3,083,000 |
| Credit Application Incomplete |
963 | $539,749,000 |
$560,000 | $7,263,000 |
$209,000 | $7,828,000 |
| Credit History |
295 | $153,638,000 |
$520,000 | $3,022,000 |
$162,000 | $1,800,000 |
| Debt-To-Income Ratio |
355 | $225,278,000 |
$634,000 | $3,845,000 |
$174,000 | $1,248,000 |
| Employment History |
22 | $11,327,000 |
$514,000 | $1,031,000 |
$167,000 | $392,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
134 | $92,662,000 |
$691,000 | $2,500,000 |
$248,000 | $1,660,000 |
| Mortgage Insurance Denied |
4 | $1,713,000 |
$428,000 | $648,000 |
$130,000 | $157,000 |
| Other |
15 | $13,301,000 |
$886,000 | $6,375,000 |
$251,000 | $1,740,000 |
| Unverifiable Information |
495 | $304,787,000 |
$615,000 | $5,300,000 |
$221,000 | $3,171,000 |
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Mortgage Loan Application Totals for FIRST FEDERAL BANK OF CA by:
Metropolitan Area And
County
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