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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 | PO BOX 1049
DUNN, NC 28335 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 90 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $8,105,000 |
| Average Mortgage Loan Amount Applied For | $109,583 |
| Highest Mortgage Loan Amount Applied For | $339,000 |
| Average Applicant Income | $90,750 |
| Highest Applicant Income | $353,000 |
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| Home Improvement |
6 | $669,000 |
$111,000 | $211,000 |
$70,000 | $104,000 |
| Home Purchase |
46 | $4,322,000 |
$93,000 | $339,000 |
$62,000 | $353,000 |
| Refinancing |
38 | $3,114,000 |
$81,000 | $285,000 |
$72,000 | $174,000 |
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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 |
7 | $505,000 |
$72,000 | $99,000 |
$32,000 | $80,000 |
| Hispanic |
3 | $132,000 |
$44,000 | $50,000 |
$42,000 | $77,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
7 | $647,000 |
$92,000 | $285,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
73 | $6,821,000 |
$93,000 | $339,000 |
$78,000 | $353,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
90 | $8,105,000 |
$90,000 | $339,000 |
$67,000 | $353,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
3 | $263,000 |
$87,000 | $90,000 |
$31,000 | $54,000 |
| Application Withdrawn By Applicant |
3 | $248,000 |
$82,000 | $150,000 |
$28,000 | $48,000 |
| File Closed For Incompleteness |
2 | $151,000 |
$75,000 | $104,000 |
$37,000 | $51,000 |
| Loan Originated |
82 | $7,443,000 |
$90,000 | $339,000 |
$70,000 | $353,000 |
| 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 |
2 | $173,000 |
$86,000 | $90,000 |
$27,000 | $54,000 |
| Debt-To-Income Ratio |
1 | $90,000 |
$90,000 | $90,000 |
$39,000 | $39,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 by:
Metropolitan Area And
County
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