Franklin American Mortgage Co
HMDA Loan Application Totals
and Mortgage Lending Details
for 2010

Franklin American Mortgage Co 2010 HMDA loan application data provides key insights into its mortgage lending trends, applicant demographics, and loan distribution.
The Home Mortgage Disclosure Act (HMDA) requires lenders to report detailed loan application data, offering transparency into lending patterns.
The data reveals trends in average loan size, applicant income, and mortgage approval rates, helping consumers and analysts understand lending accessibility.

Below, explore a breakdown of loan applications by county, metro area, loan purpose, applicant race, loan type, and more.
Whether you're an industry professional, homebuyer, or researcher, this information provides valuable insights into mortgage lending activity.
Scroll down to view the full dataset and analyze lending trends in greater detail.

Mortgage Company & Address Franklin American Mortgage Co
501 Corporate Centre Drive, Suite 400
Franklin, TN 37067
Tel #: available with data download
Federal Regulator * available with data download
Years 2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 126,296
Total Mortgage Loan Application Amount $23,752,223,000
Average Mortgage Loan Application Amount $187,500
Highest Mortgage Loan Application Amount $1,300,000
Average Applicant Income $39,500
Highest Applicant Income $4,520,000

Explore comprehensive HMDA mortgage statistics and lending trends for 2010 with Franklin American Mortgage Co. Below, you'll find key insights into this lender's mortgage activity, including total loan applications, average mortgage amounts, highest application values, and income levels of top applicants. Whether you're analyzing Franklin American Mortgage Co's lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.

Our HMDA dataset for 2010 breaks down Franklin American Mortgage Co's mortgage applications by loan purpose, applicant race, loan type, approval outcomes, and reasons for denial. These insights help homebuyers, financial analysts, and industry professionals assess borrower demographics and lending practices, offering a clearer view of how Franklin American Mortgage Co serves its applicants.

Each category highlights the total number of mortgage applications processed by Franklin American Mortgage Co, total loan amounts, average mortgage values, and the highest mortgage amounts recorded. You can also review borrower income trends, including the average and highest reported applicant incomes for loans issued by this lender. Whether you're evaluating lender performance, comparing mortgage approval rates, or exploring loan options, this HMDA-backed data offers a crucial look at Franklin American Mortgage Co's mortgage activity for 2010.

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Mortgage Loan Application Detail Totals for Franklin American Mortgage Co in 2010

Loan Purpose

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Home Purchase 63,220 $10,868,468,000 $171,000 $1,300,000 $35,000 $2,809,000
Refinancing 63,076 $12,883,755,000 $204,000 $955,000 $44,000 $4,520,000
Home Improvement 0 $0 $0 $0 $0 $0

Applicant Race

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Not applicable 61,271 $11,267,428,000 $183,000 $746,000 $0 $0
White 48,978 $9,485,466,000 $193,000 $1,300,000 $80,000 $4,520,000
Hispanic 5,173 $835,255,000 $161,000 $802,000 $57,000 $1,746,000
Black or African American 4,485 $733,368,000 $163,000 $715,000 $55,000 $1,999,000
Not Provided 3,724 $785,083,000 $210,000 $1,050,000 $83,000 $2,482,000
Asian 2,305 $571,844,000 $248,000 $730,000 $95,000 $850,000
Native Hawaiian or Other Pacific Islander 194 $42,916,000 $221,000 $746,000 $68,000 $375,000
American Indian or Alaskan Native 166 $30,863,000 $185,000 $568,000 $81,000 $1,235,000

Loan Type

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
FHA-insured (Federal Housing Administration) 59,578 $10,285,541,000 $172,000 $955,000 $28,000 $1,746,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 57,646 $11,731,519,000 $203,000 $1,300,000 $53,000 $4,520,000
VA-guaranteed (Veterans Administration) 9,070 $1,734,592,000 $191,000 $633,000 $31,000 $927,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 2 $571,000 $285,000 $408,000 $38,000 $45,000

Outcome

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Loan Purchased By The Institution 61,280 $11,271,481,000 $183,000 $746,000 $0 $348,000
Loan Originated 41,190 $7,979,476,000 $193,000 $730,000 $78,000 $2,809,000
Application Denied By Financial Institution 10,623 $2,056,471,000 $193,000 $791,000 $78,000 $4,520,000
Application Withdrawn By Applicant 8,449 $1,580,399,000 $187,000 $1,300,000 $76,000 $1,999,000
File Closed For Incompleteness 2,589 $453,456,000 $175,000 $955,000 $69,000 $1,806,000
Application Approved But Not Accepted 2,165 $410,940,000 $189,000 $730,000 $77,000 $2,203,000
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
Preapproval Denied by Financial Institution 0 $0 $0 $0 $0 $0

Denial Reason

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Collateral 1,571 $325,629,000 $207,000 $730,000 $94,000 $1,309,000
Other 1,350 $265,639,000 $196,000 $730,000 $83,000 $1,221,000
Debt-To-Income Ratio 825 $175,293,000 $212,000 $721,000 $70,000 $594,000
Credit History 760 $121,048,000 $159,000 $730,000 $60,000 $480,000
Unverifiable Information 481 $102,889,000 $213,000 $730,000 $89,000 $840,000
Credit Application Incomplete 229 $46,104,000 $201,000 $729,000 $84,000 $840,000
Employment History 225 $37,085,000 $164,000 $572,000 $59,000 $222,000
Insufficient Cash (Downpayment, Closing Cost) 82 $15,977,000 $194,000 $620,000 $75,000 $356,000
Mortgage Insurance Denied 54 $12,184,000 $225,000 $659,000 $92,000 $261,000

Our comprehensive HMDA mortgage statistics provide invaluable insights into Franklin American Mortgage Co's 2010 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.

This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics, and assess Franklin American Mortgage Co's mortgage approval patterns. Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Tennessee, download the full spreadsheet with aggregated HMDA statistics today.

Download the Tennessee Lender List