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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 | 300 N. PENNSYLVANIA AVE.
ROSWELL, NM 88201 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 617 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $74,791,000 |
| Average Mortgage Loan Amount Applied For | $131,103 |
| Highest Mortgage Loan Amount Applied For | $650,000 |
| Average Applicant Income | $81,482 |
| Highest Applicant Income | $420,000 |
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| Home Improvement |
21 | $855,000 |
$40,000 | $500,000 |
$40,000 | $104,000 |
| Home Purchase |
324 | $40,720,000 |
$125,000 | $650,000 |
$75,000 | $420,000 |
| Refinancing |
272 | $33,216,000 |
$122,000 | $590,000 |
$65,000 | $259,000 |
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| American Indian or Alaskan Native |
4 | $321,000 |
$80,000 | $109,000 |
$21,000 | $29,000 |
| Asian |
19 | $3,412,000 |
$179,000 | $392,000 |
$94,000 | $199,000 |
| Black or African American |
7 | $1,049,000 |
$149,000 | $285,000 |
$57,000 | $138,000 |
| Hispanic |
232 | $24,061,000 |
$103,000 | $500,000 |
$54,000 | $388,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $367,000 |
$183,000 | $249,000 |
$87,000 | $103,000 |
| Not applicable |
1 | $116,000 |
$116,000 | $116,000 |
$78,000 | $78,000 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
352 | $45,465,000 |
$129,000 | $650,000 |
$79,000 | $420,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
534 | $66,335,000 |
$124,000 | $650,000 |
$73,000 | $420,000 |
| FHA-insured (Federal Housing Administration) |
57 | $5,360,000 |
$94,000 | $200,000 |
$50,000 | $388,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
7 | $671,000 |
$95,000 | $140,000 |
$36,000 | $54,000 |
| VA-guaranteed (Veterans Administration) |
19 | $2,425,000 |
$127,000 | $250,000 |
$43,000 | $73,000 |
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| Application Approved But Not Accepted |
14 | $2,406,000 |
$171,000 | $355,000 |
$71,000 | $163,000 |
| Application Denied By Financial Institution |
97 | $9,351,000 |
$96,000 | $523,000 |
$43,000 | $285,000 |
| Application Withdrawn By Applicant |
65 | $9,616,000 |
$147,000 | $500,000 |
$72,000 | $363,000 |
| File Closed For Incompleteness |
4 | $719,000 |
$179,000 | $320,000 |
$102,000 | $183,000 |
| Loan Originated |
437 | $52,699,000 |
$120,000 | $650,000 |
$75,000 | $420,000 |
| 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 |
6 | $352,000 |
$58,000 | $78,000 |
$37,000 | $68,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
58 | $5,166,000 |
$89,000 | $523,000 |
$40,000 | $285,000 |
| Debt-To-Income Ratio |
20 | $2,067,000 |
$103,000 | $249,000 |
$38,000 | $83,000 |
| Employment History |
3 | $337,000 |
$112,000 | $225,000 |
$79,000 | $146,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $153,000 |
$76,000 | $98,000 |
$77,000 | $86,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
6 | $731,000 |
$121,000 | $194,000 |
$53,000 | $120,000 |
| Unverifiable Information |
2 | $545,000 |
$272,000 | $370,000 |
$75,000 | $98,000 |
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Mortgage Loan App Totals for FIRST FEDERAL BANK by:
Metropolitan Area And
County
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