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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 FIRST FINANCIAL
Mortgage Loans and Application Details
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| Mortgage Company Name |
FRANKLIN FIRST FINANCIAL |
| Address | 445 BROADHOLLOW ROAD, SUITE 215
MELVILLE, NY 11747 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,643 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $639,593,000 |
| Average Mortgage Loan Amount Applied For | $187,149 |
| Highest Mortgage Loan Amount Applied For | $1,950,000 |
| Average Applicant Income | $80,185 |
| Highest Applicant Income | $1,413,000 |
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| Home Improvement |
1 | $50,000 |
$50,000 | $50,000 |
$73,000 | $73,000 |
| Home Purchase |
432 | $102,312,000 |
$236,000 | $1,128,000 |
$119,000 | $1,200,000 |
| Refinancing |
2,210 | $537,231,000 |
$243,000 | $1,950,000 |
$84,000 | $1,413,000 |
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| American Indian or Alaskan Native |
8 | $3,031,000 |
$378,000 | $945,000 |
$150,000 | $279,000 |
| Asian |
51 | $15,904,000 |
$311,000 | $620,000 |
$105,000 | $400,000 |
| Black or African American |
398 | $99,591,000 |
$250,000 | $1,950,000 |
$79,000 | $528,000 |
| Hispanic |
348 | $85,558,000 |
$245,000 | $760,000 |
$89,000 | $600,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $804,000 |
$402,000 | $506,000 |
$69,000 | $98,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
401 | $94,539,000 |
$235,000 | $850,000 |
$87,000 | $1,413,000 |
| White |
1,435 | $340,166,000 |
$237,000 | $1,350,000 |
$92,000 | $1,200,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,642 | $639,418,000 |
$242,000 | $1,950,000 |
$90,000 | $1,413,000 |
| FHA-insured (Federal Housing Administration) |
1 | $175,000 |
$175,000 | $175,000 |
$56,000 | $56,000 |
| 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 |
349 | $80,020,000 |
$229,000 | $1,950,000 |
$86,000 | $465,000 |
| Application Denied By Financial Institution |
119 | $30,638,000 |
$257,000 | $1,000,000 |
$103,000 | $671,000 |
| Application Withdrawn By Applicant |
177 | $44,888,000 |
$253,000 | $770,000 |
$99,000 | $1,413,000 |
| File Closed For Incompleteness |
5 | $1,044,000 |
$208,000 | $403,000 |
$71,000 | $104,000 |
| Loan Originated |
1,993 | $483,003,000 |
$242,000 | $1,350,000 |
$89,000 | $1,200,000 |
| 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 |
14 | $4,280,000 |
$305,000 | $1,000,000 |
$123,000 | $600,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
13 | $2,440,000 |
$187,000 | $479,000 |
$111,000 | $252,000 |
| Debt-To-Income Ratio |
3 | $821,000 |
$273,000 | $416,000 |
$117,000 | $198,000 |
| Employment History |
3 | $538,000 |
$179,000 | $265,000 |
$44,000 | $79,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $670,000 |
$335,000 | $440,000 |
$51,000 | $103,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
16 | $4,347,000 |
$271,000 | $780,000 |
$119,000 | $671,000 |
| Unverifiable Information |
19 | $4,868,000 |
$256,000 | $600,000 |
$127,000 | $456,000 |
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Mortgage Loan App Totals for FRANKLIN FIRST FINANCIAL by:
Metropolitan Area And
County
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