Franklin Bank & Trust Company Mortgage Lending & HMDA Data, 2007
In 2007, Franklin Bank & Trust Company of Franklin, KY reported 357 mortgage applications totaling $44.6 million, up 23% from 2006. The average application was for $124,896, and applicants reported an average income of $58,319. 91% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Bowling Green, KY (82), Nashville-Davidson--Murfreesboro--Franklin, TN (8) and Fort Walton Beach-Crestview-Destin, FL (1) (applications in parentheses).
| Mortgage Company & Address | Franklin Bank & Trust Company P.O. Box 449 Franklin, KY 42134 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 357 |
| Total Mortgage Loan Application Amount | $44,588,000 |
| Average Mortgage Loan Application Amount | $124,896 |
| Highest Mortgage Loan Application Amount | $3,467,000 |
| Average Applicant Income | $58,319 |
| Highest Applicant Income | $500,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Franklin Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
Mortgage Loan Application Detail Totals for Franklin Bank & Trust Company in 2007
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 |
|---|---|---|---|---|---|---|
| Refinancing | 153 | $30,283,000 | $197,000 | $3,467,000 | $59,000 | $400,000 |
| Home Purchase | 105 | $10,953,000 | $104,000 | $501,000 | $68,000 | $500,000 |
| Home Improvement | 99 | $3,352,000 | $33,000 | $250,000 | $47,000 | $174,000 |
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 |
|---|---|---|---|---|---|---|
| White | 300 | $37,304,000 | $124,000 | $3,467,000 | $66,000 | $500,000 |
| Black or African American | 26 | $1,022,000 | $39,000 | $156,000 | $33,000 | $84,000 |
| Not applicable | 23 | $5,139,000 | $223,000 | $2,110,000 | $0 | $0 |
| Not Provided | 7 | $929,000 | $132,000 | $183,000 | $32,000 | $56,000 |
| Asian | 1 | $194,000 | $194,000 | $194,000 | $53,000 | $53,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
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 |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 351 | $43,962,000 | $125,000 | $3,467,000 | $59,000 | $500,000 |
| FHA-insured (Federal Housing Administration) | 3 | $339,000 | $113,000 | $161,000 | $58,000 | $68,000 |
| VA-guaranteed (Veterans Administration) | 3 | $287,000 | $95,000 | $138,000 | $45,000 | $58,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
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 Originated | 325 | $40,872,000 | $125,000 | $3,467,000 | $61,000 | $500,000 |
| Application Denied By Financial Institution | 20 | $2,174,000 | $108,000 | $219,000 | $32,000 | $75,000 |
| Application Approved But Not Accepted | 8 | $1,055,000 | $131,000 | $300,000 | $50,000 | $85,000 |
| Application Withdrawn By Applicant | 4 | $487,000 | $121,000 | $200,000 | $48,000 | $84,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
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 |
|---|---|---|---|---|---|---|
| Credit History | 12 | $993,000 | $82,000 | $167,000 | $30,000 | $75,000 |
| Debt-To-Income Ratio | 6 | $971,000 | $161,000 | $219,000 | $23,000 | $50,000 |
| Collateral | 1 | $124,000 | $124,000 | $124,000 | $69,000 | $69,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $86,000 | $86,000 | $86,000 | $68,000 | $68,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Franklin Bank & Trust Company's 2007 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 Bank & Trust Company'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 Kentucky, download the full spreadsheet
with aggregated HMDA statistics today.
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