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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 SECURITY BANK, FSB
Mortgage Loans and Application Details
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| Mortgage Company Name |
FRANKLIN SECURITY BANK, FSB |
| Address | 2809 S. LYNNHAVEN RD., BLDING 1, STE 200
VIRGINIA BEACH, VA 23452 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 318 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $49,973,000 |
| Average Mortgage Loan Amount Applied For | $164,131 |
| Highest Mortgage Loan Amount Applied For | $850,000 |
| Average Applicant Income | $69,718 |
| Highest Applicant Income | $285,000 |
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| Home Improvement |
3 | $68,000 |
$22,000 | $38,000 |
$33,000 | $62,000 |
| Home Purchase |
83 | $13,456,000 |
$162,000 | $850,000 |
$80,000 | $285,000 |
| Refinancing |
232 | $36,449,000 |
$157,000 | $848,000 |
$68,000 | $219,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
12 | $1,869,000 |
$155,000 | $288,000 |
$73,000 | $177,000 |
| Black or African American |
15 | $2,469,000 |
$164,000 | $848,000 |
$62,000 | $166,000 |
| Hispanic |
12 | $2,415,000 |
$201,000 | $417,000 |
$81,000 | $144,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $248,000 |
$248,000 | $248,000 |
$102,000 | $102,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
4 | $533,000 |
$133,000 | $216,000 |
$94,000 | $171,000 |
| White |
274 | $42,439,000 |
$154,000 | $850,000 |
$70,000 | $285,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
318 | $49,973,000 |
$157,000 | $850,000 |
$71,000 | $285,000 |
| 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 |
11 | $2,251,000 |
$204,000 | $417,000 |
$65,000 | $134,000 |
| Application Denied By Financial Institution |
44 | $7,113,000 |
$161,000 | $748,000 |
$75,000 | $219,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
5 | $1,003,000 |
$200,000 | $397,000 |
$79,000 | $111,000 |
| Loan Originated |
258 | $39,606,000 |
$153,000 | $850,000 |
$70,000 | $285,000 |
| 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 |
24 | $3,950,000 |
$164,000 | $748,000 |
$81,000 | $219,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
9 | $1,505,000 |
$167,000 | $296,000 |
$68,000 | $164,000 |
| Debt-To-Income Ratio |
2 | $205,000 |
$102,000 | $177,000 |
$58,000 | $63,000 |
| Employment History |
3 | $453,000 |
$151,000 | $192,000 |
$35,000 | $60,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $572,000 |
$286,000 | $300,000 |
$104,000 | $131,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
4 | $428,000 |
$107,000 | $182,000 |
$80,000 | $126,000 |
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Mortgage Loan App Totals for FRANKLIN SECURITY BANK, FSB by:
Metropolitan Area And
County
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