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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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FLAGSHIP MORTGAGE BANC, INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
FLAGSHIP MORTGAGE BANC, INC. |
| Address | 12681 NEW BRITTANY BOULEVARD
FORT MYERS, FL 33907 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 284 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $54,873,000 |
| Average Mortgage Loan Amount Applied For | $222,058 |
| Highest Mortgage Loan Amount Applied For | $993,000 |
| Average Applicant Income | $94,470 |
| Highest Applicant Income | $1,738,000 |
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| Home Improvement |
1 | $280,000 |
$280,000 | $280,000 |
$92,000 | $92,000 |
| Home Purchase |
206 | $38,056,000 |
$184,000 | $993,000 |
$79,000 | $1,738,000 |
| Refinancing |
77 | $16,537,000 |
$214,000 | $718,000 |
$87,000 | $360,000 |
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| American Indian or Alaskan Native |
2 | $651,000 |
$325,000 | $456,000 |
$65,000 | $131,000 |
| Asian |
7 | $1,411,000 |
$201,000 | $269,000 |
$111,000 | $228,000 |
| Black or African American |
23 | $4,148,000 |
$180,000 | $281,000 |
$52,000 | $104,000 |
| Hispanic |
40 | $6,038,000 |
$150,000 | $225,000 |
$62,000 | $245,000 |
| Native Hawaiin or Other Pacific Islander |
3 | $689,000 |
$229,000 | $375,000 |
$45,000 | $90,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
11 | $2,323,000 |
$211,000 | $413,000 |
$66,000 | $272,000 |
| White |
198 | $39,613,000 |
$200,000 | $993,000 |
$89,000 | $1,738,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
208 | $42,433,000 |
$204,000 | $993,000 |
$93,000 | $1,738,000 |
| FHA-insured (Federal Housing Administration) |
38 | $5,447,000 |
$143,000 | $264,000 |
$52,000 | $159,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
30 | $5,709,000 |
$190,000 | $309,000 |
$49,000 | $81,000 |
| VA-guaranteed (Veterans Administration) |
8 | $1,284,000 |
$160,000 | $237,000 |
$55,000 | $104,000 |
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| Application Approved But Not Accepted |
8 | $1,503,000 |
$187,000 | $264,000 |
$34,000 | $58,000 |
| Application Denied By Financial Institution |
23 | $4,232,000 |
$184,000 | $456,000 |
$59,000 | $272,000 |
| Application Withdrawn By Applicant |
23 | $3,746,000 |
$162,000 | $319,000 |
$54,000 | $154,000 |
| File Closed For Incompleteness |
6 | $732,000 |
$122,000 | $225,000 |
$46,000 | $65,000 |
| Loan Originated |
224 | $44,660,000 |
$199,000 | $993,000 |
$89,000 | $1,738,000 |
| 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 |
2 | $330,000 |
$165,000 | $288,000 |
$65,000 | $96,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
6 | $991,000 |
$165,000 | $300,000 |
$32,000 | $57,000 |
| Debt-To-Income Ratio |
8 | $1,378,000 |
$172,000 | $413,000 |
$49,000 | $140,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $362,000 |
$181,000 | $195,000 |
$25,000 | $51,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
5 | $1,171,000 |
$234,000 | $456,000 |
$120,000 | $272,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FLAGSHIP MORTGAGE BANC, INC. by:
Metropolitan Area And
County
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