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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 BANK, N.A.
Mortgage Loans and Application Details
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| Mortgage Company Name |
FRANKLIN BANK, N.A. |
| Address | 24725 W 12 MILE ROAD
SOUTHFIELD, MI 48034 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 5,391 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $95,408,000 |
| Average Mortgage Loan Amount Applied For | $98,719 |
| Highest Mortgage Loan Amount Applied For | $3,275,000 |
| Average Applicant Income | $53,670 |
| Highest Applicant Income | $900,000 |
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| Home Improvement (one-to-four family) |
5,248 | $31,882,000 |
$6,000 | $319,000 |
$52,000 | $900,000 |
| Home Purchase (one-to-four family) |
28 | $13,639,000 |
$464,000 | $2,000,000 |
$77,500 | $677,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
2 | $565,000 |
$282,000 | $350,000 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
113 | $49,322,000 |
$460,750 | $3,275,000 |
$129,750 | $850,000 |
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| American Indian or Alaskan Native |
20 | $567,000 |
$232,000 | $459,000 |
$96,500 | $145,000 |
| Asian or Pacific Islander |
26 | $1,065,000 |
$40,000 | $493,000 |
$57,000 | $120,000 |
| Black |
2,530 | $18,007,000 |
$183,000 | $490,000 |
$75,000 | $825,000 |
| Hispanic |
126 | $656,000 |
$5,000 | $19,000 |
$59,000 | $636,000 |
| Information not provided by applicant in mail or telephone application |
7 | $6,012,000 |
$709,500 | $3,275,000 |
$87,500 | $529,000 |
| Not applicable |
57 | $22,206,000 |
$468,800 | $949,000 |
$180,000 | $850,000 |
| Other |
57 | $1,306,000 |
$22,000 | $620,000 |
$73,000 | $208,000 |
| White |
2,568 | $45,589,000 |
$331,666 | $2,000,000 |
$154,000 | $900,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
5,391 | $95,408,000 |
$356,200 | $3,275,000 |
$82,000 | $900,000 |
| 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 |
778 | $6,291,000 |
$8,000 | $235,000 |
$53,000 | $411,000 |
| Application Denied By Financial Institution |
3,088 | $20,383,000 |
$6,000 | $2,000,000 |
$47,000 | $636,000 |
| Application Withdrawn By Applicant |
18 | $10,034,000 |
$557,000 | $3,275,000 |
$95,000 | $529,000 |
| File Closed For Incompleteness |
1 | $487,000 |
$487,000 | $487,000 |
$0 | $0 |
| Loan Originated |
1,413 | $15,321,000 |
$10,000 | $2,000,000 |
$63,000 | $900,000 |
| Loan Purchased By The Institution |
93 | $42,892,000 |
$452,600 | $992,000 |
$92,800 | $850,000 |
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| Collateral |
4 | $2,458,000 |
$614,000 | $2,000,000 |
$74,000 | $240,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
3,079 | $17,619,000 |
$5,000 | $319,000 |
$46,000 | $636,000 |
| Debt-To-Income Ratio |
5 | $306,000 |
$61,000 | $94,000 |
$54,000 | $54,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FRANKLIN BANK, N.A. by:
Metropolitan Area And
County
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