|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
ABACUS FEDERAL SAVINGS BANK
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
ABACUS FEDERAL SAVINGS BANK |
| Address | 6-BOWERY
NEW YORK, NY 10013 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 422 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $104,343,000 |
| Average Mortgage Loan Amount Applied For | $190,692 |
| Highest Mortgage Loan Amount Applied For | $900,000 |
| Average Applicant Income | $71,492 |
| Highest Applicant Income | $504,000 |
|
|
|
| Home Improvement |
2 | $63,000 |
$31,000 | $50,000 |
$26,000 | $30,000 |
| Home Purchase |
282 | $73,120,000 |
$259,000 | $900,000 |
$76,000 | $215,000 |
| Refinancing |
138 | $31,160,000 |
$225,000 | $724,000 |
$86,000 | $504,000 |
|
|
| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
406 | $99,010,000 |
$243,000 | $900,000 |
$77,000 | $360,000 |
| Black or African American |
5 | $710,000 |
$142,000 | $400,000 |
$95,000 | $147,000 |
| Hispanic |
2 | $687,000 |
$343,000 | $397,000 |
$115,000 | $135,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $350,000 |
$350,000 | $350,000 |
$102,000 | $102,000 |
| Not applicable |
2 | $1,624,000 |
$812,000 | $900,000 |
$299,000 | $504,000 |
| Not Provided |
1 | $127,000 |
$127,000 | $127,000 |
$61,000 | $61,000 |
| White |
5 | $1,835,000 |
$367,000 | $417,000 |
$159,000 | $291,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
422 | $104,343,000 |
$247,000 | $900,000 |
$79,000 | $504,000 |
| 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 |
|
|
| Application Approved But Not Accepted |
7 | $1,579,000 |
$225,000 | $417,000 |
$57,000 | $95,000 |
| Application Denied By Financial Institution |
3 | $665,000 |
$221,000 | $360,000 |
$109,000 | $166,000 |
| Application Withdrawn By Applicant |
53 | $13,272,000 |
$250,000 | $900,000 |
$74,000 | $185,000 |
| File Closed For Incompleteness |
6 | $784,000 |
$130,000 | $322,000 |
$44,000 | $59,000 |
| Loan Originated |
353 | $88,043,000 |
$249,000 | $900,000 |
$81,000 | $504,000 |
| 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 |
|
|
| Collateral |
1 | $35,000 |
$35,000 | $35,000 |
$36,000 | $36,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
2 | $630,000 |
$315,000 | $360,000 |
$145,000 | $166,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
Mortgage Loan App Totals for ABACUS FEDERAL SAVINGS BANK by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
