|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
FIRST TRUST BANK FOR SAVINGS
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
FIRST TRUST BANK FOR SAVINGS |
| Address | 6525 QUAIL HOLLOW, SUITE 513
MEMPHIS, TN 38120 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,989 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $331,050,000 |
| Average Mortgage Loan Amount Applied For | $139,661 |
| Highest Mortgage Loan Amount Applied For | $15,000,000 |
| Average Applicant Income | $72,084 |
| Highest Applicant Income | $1,500,000 |
|
|
|
| Home Improvement |
16 | $1,671,000 |
$104,000 | $500,000 |
$156,000 | $600,000 |
| Home Purchase |
1,789 | $277,202,000 |
$154,000 | $1,400,000 |
$71,000 | $760,000 |
| Refinancing |
184 | $52,177,000 |
$283,000 | $15,000,000 |
$116,000 | $1,500,000 |
|
|
| American Indian or Alaskan Native |
1 | $56,000 |
$56,000 | $56,000 |
$62,000 | $62,000 |
| Asian |
41 | $7,008,000 |
$170,000 | $413,000 |
$58,000 | $139,000 |
| Black or African American |
223 | $29,418,000 |
$131,000 | $366,000 |
$51,000 | $146,000 |
| Hispanic |
54 | $7,133,000 |
$132,000 | $358,000 |
$56,000 | $246,000 |
| Native Hawaiin or Other Pacific Islander |
5 | $557,000 |
$111,000 | $278,000 |
$85,000 | $160,000 |
| Not applicable |
6 | $16,861,000 |
$2,810,000 | $15,000,000 |
$0 | $0 |
| Not Provided |
42 | $4,750,000 |
$113,000 | $416,000 |
$45,000 | $180,000 |
| White |
1,617 | $265,267,000 |
$164,000 | $2,792,000 |
$81,000 | $1,500,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,560 | $273,976,000 |
$175,000 | $15,000,000 |
$82,000 | $1,500,000 |
| FHA-insured (Federal Housing Administration) |
321 | $38,068,000 |
$118,000 | $223,000 |
$46,000 | $428,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
2 | $57,000 |
$28,000 | $42,000 |
$73,000 | $76,000 |
| VA-guaranteed (Veterans Administration) |
106 | $18,949,000 |
$178,000 | $347,000 |
$66,000 | $148,000 |
|
|
| Application Approved But Not Accepted |
48 | $5,723,000 |
$119,000 | $270,000 |
$66,000 | $228,000 |
| Application Denied By Financial Institution |
93 | $11,465,000 |
$123,000 | $630,000 |
$49,000 | $360,000 |
| Application Withdrawn By Applicant |
298 | $47,356,000 |
$158,000 | $1,300,000 |
$68,000 | $480,000 |
| File Closed For Incompleteness |
6 | $1,969,000 |
$328,000 | $1,400,000 |
$26,000 | $48,000 |
| Loan Originated |
1,544 | $264,537,000 |
$171,000 | $15,000,000 |
$79,000 | $1,500,000 |
| 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 |
|
|
| Collateral |
9 | $1,700,000 |
$188,000 | $630,000 |
$42,000 | $133,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
41 | $4,442,000 |
$108,000 | $275,000 |
$46,000 | $144,000 |
| Debt-To-Income Ratio |
24 | $2,731,000 |
$113,000 | $231,000 |
$45,000 | $93,000 |
| Employment History |
5 | $842,000 |
$168,000 | $555,000 |
$53,000 | $120,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $325,000 |
$162,000 | $223,000 |
$66,000 | $96,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
8 | $1,090,000 |
$136,000 | $370,000 |
$84,000 | $360,000 |
| Unverifiable Information |
4 | $335,000 |
$83,000 | $136,000 |
$35,000 | $38,000 |
|
Mortgage Loan App Totals for FIRST TRUST BANK FOR SAVINGS by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
