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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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ADVANCE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
ADVANCE BANK |
| Address | 4801 SETON DRIVE
BALTIMORE, MD 21215 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 61 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $28,864,000 |
| Average Mortgage Loan Amount Applied For | $345,555 |
| Highest Mortgage Loan Amount Applied For | $20,000,000 |
| Average Applicant Income | $80,888 |
| Highest Applicant Income | $846,000 |
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| Home Improvement |
12 | $1,299,000 |
$108,000 | $282,000 |
$188,000 | $846,000 |
| Home Purchase |
20 | $4,075,000 |
$203,000 | $828,000 |
$82,000 | $500,000 |
| Refinancing |
29 | $23,490,000 |
$810,000 | $20,000,000 |
$69,000 | $323,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
42 | $5,339,000 |
$127,000 | $364,000 |
$80,000 | $846,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
3 | $1,743,000 |
$581,000 | $828,000 |
$16,000 | $48,000 |
| Not Provided |
11 | $21,130,000 |
$1,920,000 | $20,000,000 |
$187,000 | $846,000 |
| White |
5 | $652,000 |
$130,000 | $362,000 |
$83,000 | $126,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
61 | $28,864,000 |
$473,000 | $20,000,000 |
$97,000 | $846,000 |
| 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 |
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| Application Approved But Not Accepted |
1 | $278,000 |
$278,000 | $278,000 |
$96,000 | $96,000 |
| Application Denied By Financial Institution |
5 | $578,000 |
$115,000 | $305,000 |
$99,000 | $144,000 |
| Application Withdrawn By Applicant |
6 | $943,000 |
$157,000 | $364,000 |
$65,000 | $182,000 |
| File Closed For Incompleteness |
1 | $79,000 |
$79,000 | $79,000 |
$28,000 | $28,000 |
| Loan Originated |
48 | $26,986,000 |
$562,000 | $20,000,000 |
$102,000 | $846,000 |
| 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 |
1 | $20,000 |
$20,000 | $20,000 |
$126,000 | $126,000 |
| Credit Application Incomplete |
1 | $305,000 |
$305,000 | $305,000 |
$144,000 | $144,000 |
| Credit History |
2 | $180,000 |
$90,000 | $109,000 |
$72,000 | $104,000 |
| Debt-To-Income Ratio |
1 | $73,000 |
$73,000 | $73,000 |
$80,000 | $80,000 |
| 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 |
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Mortgage Loan App Totals for ADVANCE BANK by:
Metropolitan Area And
County
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