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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 LOAN CENTER
Mortgage Loans and Application Details
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| Mortgage Company Name |
FRANKLIN LOAN CENTER |
| Address | 44800 VILLAGE COURT
PALM DESERT, CA 92260 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 483 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $182,310,000 |
| Average Mortgage Loan Amount Applied For | $406,700 |
| Highest Mortgage Loan Amount Applied For | $2,210,000 |
| Average Applicant Income | $217,500 |
| Highest Applicant Income | $2,009,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
291 | $89,014,000 |
$305,000 | $1,875,000 |
$200,000 | $1,164,000 |
| Refinancing |
192 | $93,296,000 |
$485,000 | $2,210,000 |
$209,000 | $2,009,000 |
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| American Indian or Alaskan Native |
3 | $921,000 |
$307,000 | $472,000 |
$684,000 | $981,000 |
| Asian |
7 | $2,867,000 |
$409,000 | $952,000 |
$187,000 | $412,000 |
| Black or African American |
4 | $863,000 |
$215,000 | $303,000 |
$90,000 | $162,000 |
| Hispanic |
39 | $8,726,000 |
$223,000 | $630,000 |
$97,000 | $332,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $333,000 |
$166,000 | $296,000 |
$145,000 | $145,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
3 | $570,000 |
$190,000 | $240,000 |
$85,000 | $108,000 |
| White |
425 | $168,030,000 |
$395,000 | $2,210,000 |
$212,000 | $2,009,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
483 | $182,310,000 |
$377,000 | $2,210,000 |
$203,000 | $2,009,000 |
| 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 |
30 | $10,818,000 |
$360,000 | $1,635,000 |
$236,000 | $711,000 |
| Application Denied By Financial Institution |
13 | $4,274,000 |
$328,000 | $1,117,000 |
$216,000 | $480,000 |
| Application Withdrawn By Applicant |
41 | $13,015,000 |
$317,000 | $1,180,000 |
$179,000 | $1,108,000 |
| File Closed For Incompleteness |
1 | $100,000 |
$100,000 | $100,000 |
$276,000 | $276,000 |
| Loan Originated |
398 | $154,103,000 |
$387,000 | $2,210,000 |
$203,000 | $2,009,000 |
| 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 |
2 | $1,473,000 |
$736,000 | $1,117,000 |
$245,000 | $425,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
5 | $1,757,000 |
$351,000 | $920,000 |
$232,000 | $332,000 |
| 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 |
6 | $1,044,000 |
$174,000 | $644,000 |
$194,000 | $480,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FRANKLIN LOAN CENTER by:
Metropolitan Area And
County
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