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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
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST FEDERAL BANK |
| Address | 611 EAST COLLEGE STREET
DICKSON, TN 37055 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 477 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $43,520,000 |
| Average Mortgage Loan Amount Applied For | $83,176 |
| Highest Mortgage Loan Amount Applied For | $440,000 |
| Average Applicant Income | $60,411 |
| Highest Applicant Income | $288,000 |
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| Home Improvement |
18 | $481,000 |
$26,000 | $76,000 |
$46,000 | $90,000 |
| Home Purchase |
293 | $28,029,000 |
$95,000 | $440,000 |
$56,000 | $288,000 |
| Refinancing |
166 | $15,010,000 |
$90,000 | $395,000 |
$56,000 | $190,000 |
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| American Indian or Alaskan Native |
1 | $5,000 |
$5,000 | $5,000 |
$36,000 | $36,000 |
| Asian |
4 | $244,000 |
$61,000 | $96,000 |
$76,000 | $100,000 |
| Black or African American |
11 | $1,253,000 |
$113,000 | $400,000 |
$67,000 | $200,000 |
| Hispanic |
4 | $427,000 |
$106,000 | $120,000 |
$48,000 | $104,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
6 | $636,000 |
$106,000 | $226,000 |
$69,000 | $174,000 |
| White |
451 | $40,955,000 |
$90,000 | $440,000 |
$55,000 | $288,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
376 | $32,367,000 |
$86,000 | $440,000 |
$59,000 | $288,000 |
| FHA-insured (Federal Housing Administration) |
50 | $5,774,000 |
$115,000 | $229,000 |
$42,000 | $97,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
41 | $4,026,000 |
$98,000 | $182,000 |
$36,000 | $64,000 |
| VA-guaranteed (Veterans Administration) |
10 | $1,353,000 |
$135,000 | $255,000 |
$61,000 | $105,000 |
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| Application Approved But Not Accepted |
2 | $155,000 |
$77,000 | $100,000 |
$42,000 | $58,000 |
| Application Denied By Financial Institution |
28 | $2,485,000 |
$88,000 | $440,000 |
$42,000 | $174,000 |
| Application Withdrawn By Applicant |
50 | $5,017,000 |
$100,000 | $395,000 |
$45,000 | $112,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
397 | $35,863,000 |
$90,000 | $434,000 |
$58,000 | $288,000 |
| 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 |
7 | $533,000 |
$76,000 | $148,000 |
$41,000 | $52,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
11 | $873,000 |
$79,000 | $226,000 |
$48,000 | $174,000 |
| Debt-To-Income Ratio |
4 | $410,000 |
$102,000 | $140,000 |
$32,000 | $49,000 |
| Employment History |
3 | $155,000 |
$51,000 | $87,000 |
$26,000 | $43,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $504,000 |
$252,000 | $440,000 |
$67,000 | $78,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
1 | $10,000 |
$10,000 | $10,000 |
$19,000 | $19,000 |
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Mortgage Loan App Totals for FIRST FEDERAL BANK by:
Metropolitan Area And
County
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