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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 SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST FEDERAL SAVINGS BANK |
| Address | 301 E 9TH STREET
ROCHESTER, IN 46975 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,234 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $246,525,000 |
| Average Mortgage Loan Amount Applied For | $129,627 |
| Highest Mortgage Loan Amount Applied For | $1,750,000 |
| Average Applicant Income | $83,322 |
| Highest Applicant Income | $638,000 |
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| Home Improvement |
23 | $2,837,000 |
$123,000 | $375,000 |
$70,000 | $151,000 |
| Home Purchase |
1,361 | $166,026,000 |
$121,000 | $1,372,000 |
$71,000 | $638,000 |
| Refinancing |
850 | $77,662,000 |
$91,000 | $1,750,000 |
$75,000 | $631,000 |
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| American Indian or Alaskan Native |
3 | $325,000 |
$108,000 | $162,000 |
$41,000 | $46,000 |
| Asian |
7 | $1,113,000 |
$159,000 | $326,000 |
$85,000 | $165,000 |
| Black or African American |
12 | $1,142,000 |
$95,000 | $409,000 |
$72,000 | $176,000 |
| Hispanic |
138 | $11,610,000 |
$84,000 | $417,000 |
$46,000 | $504,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $86,000 |
$86,000 | $86,000 |
$200,000 | $200,000 |
| Not applicable |
6 | $1,275,000 |
$212,000 | $276,000 |
$166,000 | $242,000 |
| Not Provided |
21 | $2,794,000 |
$133,000 | $345,000 |
$95,000 | $464,000 |
| White |
2,046 | $228,180,000 |
$111,000 | $1,750,000 |
$74,000 | $638,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,234 | $246,525,000 |
$110,000 | $1,750,000 |
$73,000 | $638,000 |
| 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 |
138 | $12,713,000 |
$92,000 | $368,000 |
$54,000 | $310,000 |
| Application Withdrawn By Applicant |
85 | $10,651,000 |
$125,000 | $425,000 |
$76,000 | $481,000 |
| File Closed For Incompleteness |
24 | $2,853,000 |
$118,000 | $468,000 |
$69,000 | $254,000 |
| Loan Originated |
1,987 | $220,308,000 |
$110,000 | $1,750,000 |
$74,000 | $638,000 |
| 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 |
11 | $1,099,000 |
$99,000 | $334,000 |
$61,000 | $165,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
77 | $6,318,000 |
$82,000 | $368,000 |
$54,000 | $310,000 |
| Debt-To-Income Ratio |
37 | $3,968,000 |
$107,000 | $299,000 |
$44,000 | $132,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $181,000 |
$90,000 | $116,000 |
$57,000 | $76,000 |
| Mortgage Insurance Denied |
2 | $154,000 |
$77,000 | $96,000 |
$31,000 | $33,000 |
| Other |
7 | $748,000 |
$106,000 | $268,000 |
$98,000 | $236,000 |
| Unverifiable Information |
2 | $245,000 |
$122,000 | $150,000 |
$34,000 | $56,000 |
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Mortgage Loan App Totals for FIRST FEDERAL SAVINGS BANK by:
Metropolitan Area And
County
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