|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
FRANKLIN FINANCIAL MORTGAGE
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
FRANKLIN FINANCIAL MORTGAGE |
| Address | 206 E. MAIN STREET
FRANKLIN, TN 37064 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 1,876 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $242,363,000 |
| Average Mortgage Loan Amount Applied For | $117,939 |
| Highest Mortgage Loan Amount Applied For | $1,184,000 |
| Average Applicant Income | $87,696 |
| Highest Applicant Income | $1,121,000 |
|
|
|
| Home Improvement (one-to-four family) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase (one-to-four family) |
327 | $44,718,000 |
$118,666 | $428,000 |
$79,666 | $559,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
1,549 | $197,645,000 |
$119,400 | $1,184,000 |
$108,800 | $1,121,000 |
|
|
| American Indian or Alaskan Native |
3 | $327,000 |
$100,000 | $155,000 |
$36,500 | $66,000 |
| Asian or Pacific Islander |
12 | $1,480,000 |
$119,666 | $215,000 |
$123,000 | $347,000 |
| Black |
45 | $4,266,000 |
$84,333 | $301,000 |
$58,666 | $140,000 |
| Hispanic |
7 | $1,077,000 |
$125,000 | $392,000 |
$70,000 | $232,000 |
| Information not provided by applicant in mail or telephone application |
55 | $8,590,000 |
$133,000 | $486,000 |
$57,500 | $203,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
8 | $1,101,000 |
$121,500 | $320,000 |
$63,500 | $101,000 |
| White |
1,746 | $225,522,000 |
$120,400 | $1,184,000 |
$111,000 | $1,121,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,828 | $236,523,000 |
$120,000 | $1,184,000 |
$113,000 | $1,121,000 |
| FHA-insured (Federal Housing Administration) |
34 | $3,936,000 |
$103,000 | $181,000 |
$38,000 | $133,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
14 | $1,904,000 |
$122,500 | $189,000 |
$29,000 | $78,000 |
|
|
| Application Approved But Not Accepted |
78 | $9,355,000 |
$113,666 | $323,000 |
$73,000 | $189,000 |
| Application Denied By Financial Institution |
39 | $4,629,000 |
$112,000 | $450,000 |
$52,333 | $222,000 |
| Application Withdrawn By Applicant |
49 | $6,330,000 |
$154,333 | $512,000 |
$77,333 | $156,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
1,710 | $222,049,000 |
$120,000 | $1,184,000 |
$112,800 | $1,121,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
|
| Collateral |
2 | $204,000 |
$102,000 | $138,000 |
$82,500 | $114,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
21 | $2,568,000 |
$113,666 | $450,000 |
$65,000 | $222,000 |
| Debt-To-Income Ratio |
15 | $1,703,000 |
$117,000 | $228,000 |
$32,666 | $76,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $154,000 |
$154,000 | $154,000 |
$140,000 | $140,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
Mortgage Loan App Totals for FRANKLIN FINANCIAL MORTGAGE by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
