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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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FRANKLIN AMERICAN MORTGAGE CO
Mortgage Loans and Application Details
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| Mortgage Company Name |
FRANKLIN AMERICAN MORTGAGE CO |
| Address | 501 CORPORATE CENTRE DRIVE SUITE 400
FRANKLIN, TN 37067 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 27,497 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $4,148,955,000 |
| Average Mortgage Loan Amount Applied For | $141,809 |
| Highest Mortgage Loan Amount Applied For | $1,483,000 |
| Average Applicant Income | $65,604 |
| Highest Applicant Income | $1,600,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
17,228 | $2,413,444,000 |
$140,000 | $1,000,000 |
$68,000 | $1,599,000 |
| Refinancing |
10,638 | $1,776,521,000 |
$166,000 | $1,483,000 |
$69,000 | $1,600,000 |
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| American Indian or Alaskan Native |
88 | $11,780,000 |
$133,000 | $500,000 |
$63,000 | $975,000 |
| Asian |
437 | $87,292,000 |
$199,000 | $880,000 |
$85,000 | $846,000 |
| Black or African American |
2,773 | $380,391,000 |
$137,000 | $1,050,000 |
$55,000 | $919,000 |
| Hispanic |
1,984 | $271,426,000 |
$136,000 | $550,000 |
$56,000 | $600,000 |
| Native Hawaiin or Other Pacific Islander |
64 | $11,146,000 |
$174,000 | $408,000 |
$80,000 | $311,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1,465 | $229,234,000 |
$156,000 | $1,000,000 |
$71,000 | $750,000 |
| White |
21,055 | $3,198,696,000 |
$151,000 | $1,483,000 |
$71,000 | $1,600,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
19,209 | $3,042,666,000 |
$158,000 | $1,483,000 |
$76,000 | $1,600,000 |
| FHA-insured (Federal Housing Administration) |
5,631 | $685,629,000 |
$121,000 | $396,000 |
$50,000 | $624,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
3,026 | $461,670,000 |
$152,000 | $417,000 |
$58,000 | $744,000 |
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| Application Approved But Not Accepted |
561 | $84,273,000 |
$150,000 | $495,000 |
$66,000 | $579,000 |
| Application Denied By Financial Institution |
2,324 | $314,060,000 |
$135,000 | $1,298,000 |
$61,000 | $917,000 |
| Application Withdrawn By Applicant |
3,724 | $552,027,000 |
$148,000 | $1,483,000 |
$66,000 | $1,600,000 |
| File Closed For Incompleteness |
14 | $2,694,000 |
$192,000 | $843,000 |
$91,000 | $318,000 |
| Loan Originated |
21,243 | $3,236,911,000 |
$152,000 | $1,000,000 |
$70,000 | $975,000 |
| 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 |
335 | $48,833,000 |
$145,000 | $835,000 |
$75,000 | $478,000 |
| Credit Application Incomplete |
21 | $2,714,000 |
$129,000 | $250,000 |
$65,000 | $391,000 |
| Credit History |
829 | $108,011,000 |
$130,000 | $1,298,000 |
$56,000 | $492,000 |
| Debt-To-Income Ratio |
418 | $57,082,000 |
$136,000 | $592,000 |
$47,000 | $240,000 |
| Employment History |
72 | $9,679,000 |
$134,000 | $540,000 |
$61,000 | $378,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
16 | $1,775,000 |
$110,000 | $178,000 |
$55,000 | $97,000 |
| Mortgage Insurance Denied |
11 | $1,315,000 |
$119,000 | $208,000 |
$63,000 | $192,000 |
| Other |
339 | $47,166,000 |
$139,000 | $800,000 |
$83,000 | $917,000 |
| Unverifiable Information |
79 | $11,607,000 |
$146,000 | $412,000 |
$68,000 | $276,000 |
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Mortgage Loan App Totals for FRANKLIN AMERICAN MORTGAGE CO by:
Metropolitan Area And
County
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