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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 TRUST MORTGAGE CORP. OF
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST TRUST MORTGAGE CORP. OF |
| Address | 501 ROPER MOUNTAIN ROAD
GREENVILLE, SC 29615 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 1,065 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $167,835,000 |
| Average Mortgage Loan Amount Applied For | $159,656 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $94,875 |
| Highest Applicant Income | $1,000,000 |
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| Home Improvement (one-to-four family) |
1 | $193,000 |
$193,000 | $193,000 |
$44,000 | $44,000 |
| Home Purchase (one-to-four family) |
415 | $68,966,000 |
$194,500 | $759,000 |
$74,000 | $452,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
650 | $98,756,000 |
$194,500 | $1,000,000 |
$110,000 | $1,000,000 |
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| American Indian or Alaskan Native |
2 | $280,000 |
$140,000 | $186,000 |
$52,000 | $67,000 |
| Asian or Pacific Islander |
7 | $1,447,000 |
$206,000 | $398,000 |
$164,000 | $486,000 |
| Black |
32 | $3,455,000 |
$107,000 | $272,000 |
$59,000 | $147,000 |
| Hispanic |
7 | $788,000 |
$112,000 | $186,000 |
$33,000 | $49,000 |
| Information not provided by applicant in mail or telephone application |
24 | $4,186,000 |
$174,000 | $400,000 |
$93,000 | $301,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
5 | $819,000 |
$163,000 | $324,000 |
$81,000 | $103,000 |
| White |
989 | $156,940,000 |
$195,500 | $1,000,000 |
$96,500 | $1,000,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,038 | $164,734,000 |
$195,500 | $1,000,000 |
$98,000 | $1,000,000 |
| FHA-insured (Federal Housing Administration) |
11 | $1,045,000 |
$95,000 | $143,000 |
$35,000 | $55,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
4 | $350,000 |
$87,000 | $94,000 |
$33,000 | $44,000 |
| VA-guaranteed (Veterans Administration) |
13 | $1,786,000 |
$137,000 | $198,000 |
$76,000 | $127,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
77 | $11,477,000 |
$149,000 | $1,000,000 |
$59,000 | $1,000,000 |
| Application Withdrawn By Applicant |
81 | $12,945,000 |
$159,000 | $898,000 |
$72,000 | $456,000 |
| File Closed For Incompleteness |
11 | $1,594,000 |
$144,000 | $250,000 |
$62,000 | $108,000 |
| Loan Originated |
897 | $141,899,000 |
$195,000 | $759,000 |
$101,000 | $679,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
3 | $294,000 |
$98,000 | $132,000 |
$58,000 | $65,000 |
| Credit Application Incomplete |
25 | $3,200,000 |
$128,000 | $225,000 |
$43,000 | $131,000 |
| Credit History |
24 | $4,044,000 |
$168,000 | $1,000,000 |
$85,000 | $1,000,000 |
| Debt-To-Income Ratio |
7 | $1,060,000 |
$151,000 | $445,000 |
$33,000 | $78,000 |
| Employment History |
2 | $225,000 |
$112,000 | $138,000 |
$36,000 | $48,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $903,000 |
$451,000 | $579,000 |
$141,000 | $158,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
14 | $1,751,000 |
$125,000 | $221,000 |
$51,000 | $100,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FIRST TRUST MORTGAGE CORP. OF by:
Metropolitan Area And
County
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