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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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FORWARD FINANCIAL
Mortgage Loans and Application Details
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| Mortgage Company Name |
FORWARD FINANCIAL |
| Address | 70 GRAY ROAD
WEST FALMOUTH, ME 04105 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2004 |
| All Data Years | 2003 2004 |
| Total Number of Mortgage Loan Applications Processed | 2,133 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $100,009,000 |
| Average Mortgage Loan Amount Applied For | $43,823 |
| Highest Mortgage Loan Amount Applied For | $184,000 |
| Average Applicant Income | $38,105 |
| Highest Applicant Income | $553,000 |
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| Home Improvement |
29 | $1,201,000 |
$38,571 | $85,000 |
$37,285 | $92,000 |
| Home Purchase |
2,012 | $94,632,000 |
$43,950 | $184,000 |
$39,700 | $553,000 |
| Refinancing |
223 | $9,932,000 |
$45,222 | $150,000 |
$42,000 | $99,000 |
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| American Indian or Alaskan Native |
23 | $941,000 |
$41,400 | $126,000 |
$36,500 | $210,000 |
| Asian |
17 | $903,000 |
$47,300 | $125,000 |
$44,100 | $99,000 |
| Black or African American |
41 | $1,721,000 |
$39,600 | $111,000 |
$33,933 | $113,000 |
| Hispanic |
148 | $6,423,000 |
$42,928 | $179,000 |
$36,142 | $87,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $51,000 |
$25,500 | $33,000 |
$36,500 | $50,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
78 | $3,976,000 |
$52,000 | $158,000 |
$47,076 | $310,000 |
| White |
1,955 | $91,750,000 |
$44,350 | $184,000 |
$39,650 | $553,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,264 | $105,765,000 |
$43,850 | $184,000 |
$39,500 | $553,000 |
| 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 |
2,225 | $103,608,000 |
$43,700 | $184,000 |
$38,900 | $480,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
39 | $2,157,000 |
$51,400 | $140,000 |
$66,800 | $553,000 |
| 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 |
41 | $2,006,000 |
$45,928 | $179,000 |
$39,785 | $103,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1,234 | $52,693,000 |
$40,900 | $175,000 |
$41,450 | $210,000 |
| Debt-To-Income Ratio |
806 | $43,138,000 |
$48,950 | $184,000 |
$32,250 | $310,000 |
| Employment History |
114 | $4,419,000 |
$40,125 | $120,000 |
$49,000 | $480,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $79,000 |
$79,000 | $79,000 |
$44,000 | $44,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
29 | $1,273,000 |
$40,727 | $115,000 |
$53,909 | $120,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FORWARD FINANCIAL by:
Metropolitan Area And
County
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