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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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FIRST FEDERAL BANK, A FEDERAL
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST FEDERAL BANK, A FEDERAL |
| Address | 101 SOUTH 3RD STREET
BERESFORD, SD 57004 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 61 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $5,480,000 |
| Average Mortgage Loan Amount Applied For | $92,750 |
| Highest Mortgage Loan Amount Applied For | $280,000 |
| Average Applicant Income | $71,875 |
| Highest Applicant Income | $235,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
43 | $3,781,000 |
$87,000 | $243,000 |
$58,000 | $163,000 |
| Refinancing |
26 | $2,374,000 |
$91,000 | $280,000 |
$69,000 | $235,000 |
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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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
2 | $85,000 |
$42,000 | $49,000 |
$20,000 | $22,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
2 | $205,000 |
$102,000 | $176,000 |
$47,000 | $70,000 |
| White |
65 | $5,865,000 |
$90,000 | $280,000 |
$64,000 | $235,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
58 | $5,034,000 |
$86,000 | $280,000 |
$65,000 | $235,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
11 | $1,121,000 |
$101,000 | $158,000 |
$45,000 | $63,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
2 | $101,000 |
$50,000 | $88,000 |
$27,000 | $41,000 |
| Application Denied By Financial Institution |
7 | $608,000 |
$86,000 | $280,000 |
$45,000 | $88,000 |
| Application Withdrawn By Applicant |
19 | $1,950,000 |
$102,000 | $243,000 |
$59,000 | $163,000 |
| File Closed For Incompleteness |
3 | $180,000 |
$60,000 | $95,000 |
$40,000 | $44,000 |
| Loan Originated |
37 | $3,249,000 |
$87,000 | $235,000 |
$71,000 | $235,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
1 | $67,000 |
$67,000 | $67,000 |
$35,000 | $35,000 |
| 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 |
1 | $36,000 |
$36,000 | $36,000 |
$22,000 | $22,000 |
| Credit History |
5 | $467,000 |
$93,000 | $280,000 |
$46,000 | $88,000 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
1 | $105,000 |
$105,000 | $105,000 |
$64,000 | $64,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FIRST FEDERAL BANK, A FEDERAL by:
Metropolitan Area And
County
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