Franklin First Financial, Ltd Mortgage Lending & HMDA Data, 2012
In 2012, Franklin First Financial, Ltd of Melville, NY reported 2,746 mortgage applications totaling $815.5 million, up 41% from 2011. The average application was for $296,972, and applicants reported an average income of $91,280. 57% of its applications resulted in an originated loan and 15% were denied. Its largest markets were New York-White Plains-Wayne, NY-NJ (1,061), Nassau-Suffolk, NY (579) and Newark-Union, NJ-PA (122) (applications in parentheses).
| Mortgage Company & Address | Franklin First Financial, Ltd 538 Broadhollow Road Melville, NY 11747 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 |
| Total Number of Mortgage Applications | 2,746 |
| Total Mortgage Loan Application Amount | $815,486,000 |
| Average Mortgage Loan Application Amount | $296,972 |
| Highest Mortgage Loan Application Amount | $1,140,000 |
| Average Applicant Income | $91,280 |
| Highest Applicant Income | $856,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Franklin First Financial, Ltd filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| New York-White Plains-Wayne, NY-NJ | 1,061 | $ 357,476,000 | $ 336,923 | $ 94,957 |
| Nassau-Suffolk, NY | 579 | $ 172,783,000 | $ 298,416 | $ 97,000 |
| Newark-Union, NJ-PA | 122 | $ 34,224,000 | $ 280,524 | $ 96,754 |
| Edison-New Brunswick, NJ | 116 | $ 34,019,000 | $ 293,267 | $ 100,000 |
| Los Angeles-Long Beach-Glendale, CA | 72 | $ 19,615,000 | $ 272,430 | $ 70,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 51 | $ 12,707,000 | $ 249,156 | $ 103,000 |
| Cambridge-Newton-Framingham, MA | 49 | $ 15,512,000 | $ 316,571 | $ 108,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 46 | $ 11,198,000 | $ 243,434 | $ 78,000 |
| Philadelphia, PA | 44 | $ 11,050,000 | $ 251,136 | $ 64,000 |
| Peabody, MA | 34 | $ 10,019,000 | $ 294,676 | $ 94,000 |
| Camden, NJ | 29 | $ 6,554,000 | $ 226,000 | $ 73,000 |
| Boston-Quincy, MA | 28 | $ 7,587,000 | $ 270,964 | $ 105,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 25 | $ 4,766,000 | $ 190,640 | $ 82,000 |
| Atlanta-Sandy Springs-Marietta, GA | 23 | $ 3,820,000 | $ 166,086 | $ 18,000 |
| Bridgeport-Stamford-Norwalk, CT | 22 | $ 7,374,000 | $ 335,181 | $ 116,000 |
| Baltimore-Towson, MD | 19 | $ 4,958,000 | $ 260,947 | $ 84,000 |
| Albany-Schenectady-Troy, NY | 15 | $ 3,149,000 | $ 209,933 | $ 79,000 |
| New Haven-Milford, CT | 14 | $ 2,805,000 | $ 200,357 | $ 64,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 14 | $ 4,815,000 | $ 343,928 | $ 51,571 |
| Miami-Miami Beach-Kendall, FL | 13 | $ 3,692,000 | $ 284,000 | $ 112,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 10 | $ 2,855,000 | $ 285,500 | $ 110,200 |
| Hartford-West Hartford-East Hartford, CT | 10 | $ 2,527,000 | $ 252,700 | $ 69,000 |
| Kingston, NY | 10 | $ 1,981,000 | $ 198,100 | $ 97,000 |
| Trenton-Ewing, NJ | 9 | $ 2,509,000 | $ 278,777 | $ 74,000 |
| Bethesda-Rockville-Frederick, MD | 8 | $ 3,840,000 | $ 480,000 | $ 122,000 |
| Chicago-Joliet-Naperville, IL | 7 | $ 1,202,000 | $ 171,714 | $ 74,000 |
| Barnstable Town, MA | 6 | $ 2,079,000 | $ 346,500 | $ 124,000 |
| Buffalo-Niagara Falls, NY | 6 | $ 1,036,000 | $ 172,666 | $ 89,000 |
| Orlando-Kissimmee-Sanford, FL | 6 | $ 1,324,000 | $ 220,666 | $ 83,000 |
| Charleston-North Charleston-Summerville, SC | 5 | $ 989,000 | $ 197,800 | $ 11,000 |
| Dallas-Plano-Irving, TX | 5 | $ 448,000 | $ 89,600 | $ 51,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 5 | $ 1,289,000 | $ 257,800 | $ 132,000 |
| Reading, PA | 5 | $ 1,153,000 | $ 230,600 | $ 64,000 |
| Riverside-San Bernardino-Ontario, CA | 5 | $ 1,126,000 | $ 225,200 | $ 97,000 |
| Rochester, NY | 5 | $ 797,000 | $ 159,400 | $ 62,000 |
| Rockingham County-Strafford County, NH | 5 | $ 1,500,000 | $ 300,000 | $ 77,000 |
| Tampa-St. Petersburg-Clearwater, FL | 5 | $ 1,108,000 | $ 221,600 | $ 122,000 |
| Atlantic City-Hammonton, NJ | 4 | $ 800,000 | $ 200,000 | $ 93,000 |
| Charlotte-Gastonia-Rock Hill, NC-SC | 4 | $ 845,000 | $ 211,250 | $ 37,500 |
| Denver-Aurora-Broomfield, CO | 4 | $ 820,000 | $ 205,000 | $ 70,000 |
| Jacksonville, FL | 4 | $ 630,000 | $ 157,500 | $ 23,000 |
| North Port-Bradenton-Sarasota, FL | 4 | $ 922,000 | $ 230,500 | $ 105,000 |
| Santa Ana-Anaheim-Irvine, CA | 4 | $ 1,385,000 | $ 346,250 | $ 48,000 |
| Wilmington, DE-MD-NJ | 4 | $ 1,146,000 | $ 286,500 | $ 15,000 |
| Columbia, SC | 3 | $ 478,000 | $ 159,333 | $ 14,000 |
| El Paso, TX | 3 | $ 475,000 | $ 158,333 | $ 53,000 |
| Fort Worth-Arlington, TX | 3 | $ 587,000 | $ 195,666 | $ 57,000 |
| Glens Falls, NY | 3 | $ 655,000 | $ 218,333 | $ 104,000 |
| Palm Coast, FL | 3 | $ 436,000 | $ 145,333 | $ 34,000 |
| Port St. Lucie, FL | 3 | $ 477,000 | $ 159,000 | $ 82,000 |
| Providence-New Bedford-Fall River, RI-MA | 3 | $ 846,000 | $ 282,000 | $ 94,000 |
| Sebastian-Vero Beach, FL | 3 | $ 312,000 | $ 104,000 | $ 12,000 |
| Syracuse, NY | 3 | $ 442,000 | $ 147,333 | $ 81,000 |
| Worcester, MA | 3 | $ 1,538,000 | $ 512,666 | $ 191,000 |
| Athens-Clarke County, GA | 2 | $ 296,000 | $ 148,000 | $ 0 |
| Augusta-Richmond County, GA-SC | 2 | $ 380,000 | $ 190,000 | $ 0 |
| Cape Coral-Fort Myers, FL | 2 | $ 293,000 | $ 146,500 | $ 109,000 |
| Cincinnati-Middletown, OH-KY-IN | 2 | $ 438,000 | $ 219,000 | $ 157,000 |
| Cleveland-Elyria-Mentor, OH | 2 | $ 401,000 | $ 200,500 | $ 88,000 |
| Columbus, GA-AL | 2 | $ 283,000 | $ 141,500 | $ 0 |
| Greensboro-High Point, NC | 2 | $ 284,000 | $ 142,000 | $ 14,000 |
| Harrisburg-Carlisle, PA | 2 | $ 499,000 | $ 249,500 | $ 38,000 |
| Houston-Sugar Land-Baytown, TX | 2 | $ 341,000 | $ 170,500 | $ 156,000 |
| Ithaca, NY | 2 | $ 415,000 | $ 207,500 | $ 215,000 |
| Knoxville, TN | 2 | $ 538,000 | $ 269,000 | $ 127,000 |
| Lancaster, PA | 2 | $ 447,000 | $ 223,500 | $ 55,000 |
| Manchester-Nashua, NH | 2 | $ 631,000 | $ 315,500 | $ 63,000 |
| Memphis, TN-MS-AR | 2 | $ 499,000 | $ 249,500 | $ 126,000 |
| Myrtle Beach-North Myrtle Beach-Conway, SC | 2 | $ 339,000 | $ 169,500 | $ 0 |
| Pittsburgh, PA | 2 | $ 327,000 | $ 163,500 | $ 83,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 2 | $ 534,000 | $ 267,000 | $ 31,000 |
| Raleigh-Cary, NC | 2 | $ 443,000 | $ 221,500 | $ 0 |
| Scranton--Wilkes-Barre, PA | 2 | $ 528,000 | $ 264,000 | $ 16,000 |
| Albany, GA | 1 | $ 108,000 | $ 108,000 | $ 0 |
| Austin-Round Rock-San Marcos, TX | 1 | $ 342,000 | $ 342,000 | $ 207,000 |
| Bangor, ME | 1 | $ 101,000 | $ 101,000 | $ 18,000 |
| Binghamton, NY | 1 | $ 200,000 | $ 200,000 | $ 84,000 |
| Clarksville, TN-KY | 1 | $ 194,000 | $ 194,000 | $ 0 |
| Columbus, OH | 1 | $ 207,000 | $ 207,000 | $ 127,000 |
| Cumberland, MD-WV | 1 | $ 276,000 | $ 276,000 | $ 72,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 96,000 | $ 96,000 | $ 44,000 |
| Elmira, NY | 1 | $ 244,000 | $ 244,000 | $ 88,000 |
| Greenville, NC | 1 | $ 148,000 | $ 148,000 | $ 60,000 |
| Hagerstown-Martinsburg, MD-WV | 1 | $ 135,000 | $ 135,000 | $ 24,000 |
| Indianapolis-Carmel, IN | 1 | $ 312,000 | $ 312,000 | $ 48,000 |
| Jackson, TN | 1 | $ 163,000 | $ 163,000 | $ 114,000 |
| Lakeland-Winter Haven, FL | 1 | $ 164,000 | $ 164,000 | $ 0 |
| Lansing-East Lansing, MI | 1 | $ 130,000 | $ 130,000 | $ 394,000 |
| Morristown, TN | 1 | $ 502,000 | $ 502,000 | $ 173,000 |
| Naples-Marco Island, FL | 1 | $ 81,000 | $ 81,000 | $ 124,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1 | $ 213,000 | $ 213,000 | $ 39,000 |
| Norwich-New London, CT | 1 | $ 250,000 | $ 250,000 | $ 103,000 |
| Oakland-Fremont-Hayward, CA | 1 | $ 180,000 | $ 180,000 | $ 130,000 |
| Oklahoma City, OK | 1 | $ 164,000 | $ 164,000 | $ 45,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 1 | $ 316,000 | $ 316,000 | $ 0 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 207,000 | $ 207,000 | $ 0 |
| Panama City-Lynn Haven-Panama City Beach, FL | 1 | $ 163,000 | $ 163,000 | $ 67,000 |
| Parkersburg-Marietta-Vienna, WV-OH | 1 | $ 114,000 | $ 114,000 | $ 0 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 144,000 | $ 144,000 | $ 0 |
| Pittsfield, MA | 1 | $ 90,000 | $ 90,000 | $ 175,000 |
| Portland-South Portland-Biddeford, ME | 1 | $ 365,000 | $ 365,000 | $ 180,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 1 | $ 255,000 | $ 255,000 | $ 0 |
| San Antonio-New Braunfels, TX | 1 | $ 332,000 | $ 332,000 | $ 91,000 |
| San Diego-Carlsbad-San Marcos, CA | 1 | $ 470,000 | $ 470,000 | $ 120,000 |
| Santa Fe, NM | 1 | $ 228,000 | $ 228,000 | $ 110,000 |
| Santa Rosa-Petaluma, CA | 1 | $ 319,000 | $ 319,000 | $ 70,000 |
| Savannah, GA | 1 | $ 155,000 | $ 155,000 | $ 0 |
| Springfield, MA | 1 | $ 212,000 | $ 212,000 | $ 217,000 |
| St. Louis, MO-IL | 1 | $ 182,000 | $ 182,000 | $ 0 |
| Utica-Rome, NY | 1 | $ 165,000 | $ 165,000 | $ 120,000 |
| Vineland-Millville-Bridgeton, NJ | 1 | $ 186,000 | $ 186,000 | $ 62,000 |
| Williamsport, PA | 1 | $ 261,000 | $ 261,000 | $ 73,000 |
| York-Hanover, PA | 1 | $ 290,000 | $ 290,000 | $ 65,000 |
| Yuba City, CA | 1 | $ 223,000 | $ 223,000 | $ 0 |
Mortgage Loan Application Detail Totals for Franklin First Financial, Ltd in 2012
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 | 1,914 | $563,298,000 | $294,000 | $1,140,000 | $88,000 | $856,000 |
| Home Purchase | 821 | $249,230,000 | $303,000 | $1,010,000 | $99,000 | $635,000 |
| Home Improvement | 11 | $2,958,000 | $268,000 | $490,000 | $86,000 | $152,000 |
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 | 1,432 | $429,959,000 | $300,000 | $1,109,000 | $100,000 | $635,000 |
| Not Provided | 457 | $131,290,000 | $287,000 | $908,000 | $87,000 | $856,000 |
| Black or African American | 446 | $134,552,000 | $301,000 | $1,140,000 | $78,000 | $628,000 |
| Hispanic | 269 | $75,177,000 | $279,000 | $968,000 | $76,000 | $260,000 |
| Asian | 122 | $38,542,000 | $315,000 | $737,000 | $94,000 | $365,000 |
| Native Hawaiian or Other Pacific Islander | 13 | $3,774,000 | $290,000 | $379,000 | $87,000 | $362,000 |
| American Indian or Alaskan Native | 7 | $2,192,000 | $313,000 | $417,000 | $84,000 | $134,000 |
| Not applicable | 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) | 1,413 | $410,414,000 | $290,000 | $1,140,000 | $108,000 | $856,000 |
| FHA-insured (Federal Housing Administration) | 1,313 | $399,540,000 | $304,000 | $1,010,000 | $74,000 | $426,000 |
| VA-guaranteed (Veterans Administration) | 20 | $5,532,000 | $276,000 | $488,000 | $77,000 | $168,000 |
| 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 | 1,558 | $463,940,000 | $297,000 | $1,010,000 | $91,000 | $628,000 |
| Application Denied By Financial Institution | 412 | $122,847,000 | $298,000 | $1,140,000 | $85,000 | $448,000 |
| File Closed For Incompleteness | 404 | $116,618,000 | $288,000 | $1,109,000 | $96,000 | $856,000 |
| Application Approved But Not Accepted | 279 | $84,916,000 | $304,000 | $945,000 | $98,000 | $635,000 |
| Application Withdrawn By Applicant | 93 | $27,165,000 | $292,000 | $548,000 | $92,000 | $304,000 |
| 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 |
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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 156 | $49,041,000 | $314,000 | $1,140,000 | $78,000 | $365,000 |
| Collateral | 73 | $20,159,000 | $276,000 | $968,000 | $105,000 | $448,000 |
| Credit History | 67 | $18,021,000 | $268,000 | $724,000 | $85,000 | $312,000 |
| Other | 42 | $12,789,000 | $304,000 | $629,000 | $75,000 | $188,000 |
| Employment History | 16 | $5,283,000 | $330,000 | $1,075,000 | $84,000 | $215,000 |
| Unverifiable Information | 15 | $4,804,000 | $320,000 | $657,000 | $86,000 | $250,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 13 | $4,022,000 | $309,000 | $540,000 | $90,000 | $194,000 |
| Mortgage Insurance Denied | 2 | $481,000 | $240,000 | $322,000 | $46,000 | $93,000 |
| Credit Application Incomplete | 1 | $390,000 | $390,000 | $390,000 | $100,000 | $100,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Franklin First Financial, Ltd's 2012 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 First Financial, Ltd'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.
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