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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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ACCESS NATIONAL MORTGAGE CORP
Mortgage Loans and Application Details
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| Mortgage Company Name |
ACCESS NATIONAL MORTGAGE CORP |
| Address | 1800 ROBERT FULTON DRIVE, SUITE 350
RESTON, VA 20191 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 7,172 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $1,374,895,000 |
| Average Mortgage Loan Amount Applied For | $145,962 |
| Highest Mortgage Loan Amount Applied For | $2,900,000 |
| Average Applicant Income | $46,037 |
| Highest Applicant Income | $1,925,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
2,138 | $439,422,000 |
$205,000 | $1,500,000 |
$104,000 | $1,082,000 |
| Refinancing |
5,034 | $935,473,000 |
$185,000 | $2,900,000 |
$59,000 | $1,925,000 |
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| American Indian or Alaskan Native |
39 | $7,375,000 |
$189,000 | $780,000 |
$115,000 | $1,925,000 |
| Asian |
202 | $53,528,000 |
$264,000 | $1,392,000 |
$92,000 | $600,000 |
| Black or African American |
1,144 | $192,016,000 |
$167,000 | $768,000 |
$53,000 | $327,000 |
| Hispanic |
756 | $146,589,000 |
$193,000 | $1,240,000 |
$57,000 | $372,000 |
| Native Hawaiin or Other Pacific Islander |
14 | $2,683,000 |
$191,000 | $429,000 |
$68,000 | $166,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1,359 | $283,340,000 |
$208,000 | $2,900,000 |
$78,000 | $1,624,000 |
| White |
3,658 | $689,364,000 |
$188,000 | $1,500,000 |
$77,000 | $1,663,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
4,959 | $1,079,924,000 |
$217,000 | $2,900,000 |
$92,000 | $1,925,000 |
| FHA-insured (Federal Housing Administration) |
1,612 | $216,126,000 |
$134,000 | $501,000 |
$31,000 | $296,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
601 | $78,845,000 |
$131,000 | $409,000 |
$17,000 | $190,000 |
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| Application Approved But Not Accepted |
713 | $115,053,000 |
$161,000 | $1,500,000 |
$43,000 | $648,000 |
| Application Denied By Financial Institution |
1,007 | $189,168,000 |
$187,000 | $1,810,000 |
$58,000 | $1,207,000 |
| Application Withdrawn By Applicant |
1,259 | $241,129,000 |
$191,000 | $2,900,000 |
$63,000 | $1,024,000 |
| File Closed For Incompleteness |
154 | $25,518,000 |
$165,000 | $750,000 |
$70,000 | $667,000 |
| Loan Originated |
4,039 | $804,027,000 |
$199,000 | $2,200,000 |
$84,000 | $1,925,000 |
| 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 |
95 | $17,843,000 |
$187,000 | $830,000 |
$76,000 | $1,207,000 |
| Credit Application Incomplete |
51 | $10,186,000 |
$199,000 | $550,000 |
$77,000 | $294,000 |
| Credit History |
682 | $125,153,000 |
$183,000 | $1,240,000 |
$50,000 | $312,000 |
| Debt-To-Income Ratio |
65 | $13,827,000 |
$212,000 | $1,810,000 |
$68,000 | $377,000 |
| Employment History |
20 | $4,418,000 |
$220,000 | $679,000 |
$83,000 | $297,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
16 | $3,393,000 |
$212,000 | $479,000 |
$82,000 | $216,000 |
| Mortgage Insurance Denied |
2 | $247,000 |
$123,000 | $127,000 |
$0 | $0 |
| Other |
61 | $11,417,000 |
$187,000 | $1,325,000 |
$64,000 | $189,000 |
| Unverifiable Information |
15 | $2,684,000 |
$178,000 | $394,000 |
$88,000 | $180,000 |
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Mortgage Loan App Totals for ACCESS NATIONAL MORTGAGE CORP by:
Metropolitan Area And
County
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