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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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AIG FEDERAL SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
AIG FEDERAL SAVINGS BANK |
| Address | 600 KING ST.
WILMINGTON, DE 19801 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 23,538 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $4,324,041,000 |
| Average Mortgage Loan Amount Applied For | $145,730 |
| Highest Mortgage Loan Amount Applied For | $3,000,000 |
| Average Applicant Income | $70,245 |
| Highest Applicant Income | $5,100,000 |
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| Home Improvement |
102 | $24,725,000 |
$242,000 | $733,000 |
$84,000 | $480,000 |
| Home Purchase |
6,956 | $1,116,474,000 |
$160,000 | $3,000,000 |
$87,000 | $4,200,000 |
| Refinancing |
16,480 | $3,182,842,000 |
$193,000 | $3,000,000 |
$75,000 | $5,100,000 |
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| American Indian or Alaskan Native |
63 | $11,435,000 |
$181,000 | $492,000 |
$75,000 | $166,000 |
| Asian |
508 | $116,357,000 |
$229,000 | $998,000 |
$96,000 | $554,000 |
| Black or African American |
3,104 | $538,796,000 |
$173,000 | $977,000 |
$73,000 | $689,000 |
| Hispanic |
3,440 | $654,662,000 |
$190,000 | $1,100,000 |
$80,000 | $720,000 |
| Native Hawaiin or Other Pacific Islander |
77 | $21,278,000 |
$276,000 | $680,000 |
$96,000 | $222,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
5,616 | $1,070,836,000 |
$190,000 | $965,000 |
$77,000 | $5,100,000 |
| White |
10,730 | $1,910,677,000 |
$178,000 | $3,000,000 |
$80,000 | $4,200,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
23,531 | $4,322,956,000 |
$183,000 | $3,000,000 |
$79,000 | $5,100,000 |
| FHA-insured (Federal Housing Administration) |
4 | $568,000 |
$142,000 | $188,000 |
$45,000 | $56,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
3 | $517,000 |
$172,000 | $214,000 |
$58,000 | $67,000 |
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| Application Approved But Not Accepted |
5,797 | $1,059,405,000 |
$182,000 | $965,000 |
$76,000 | $871,000 |
| Application Denied By Financial Institution |
7,590 | $1,399,702,000 |
$184,000 | $3,000,000 |
$81,000 | $2,316,000 |
| Application Withdrawn By Applicant |
441 | $103,614,000 |
$234,000 | $3,000,000 |
$116,000 | $5,100,000 |
| File Closed For Incompleteness |
101 | $27,467,000 |
$271,000 | $1,400,000 |
$108,000 | $656,000 |
| Loan Originated |
9,577 | $1,729,173,000 |
$180,000 | $1,295,000 |
$77,000 | $1,793,000 |
| Loan Purchased By The Institution |
32 | $4,680,000 |
$146,000 | $247,000 |
$36,000 | $56,000 |
| 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 |
1,079 | $189,477,000 |
$175,000 | $900,000 |
$87,000 | $661,000 |
| Credit Application Incomplete |
247 | $42,860,000 |
$173,000 | $624,000 |
$74,000 | $372,000 |
| Credit History |
2,606 | $462,931,000 |
$177,000 | $1,100,000 |
$79,000 | $2,316,000 |
| Debt-To-Income Ratio |
906 | $185,789,000 |
$205,000 | $3,000,000 |
$67,000 | $649,000 |
| Employment History |
306 | $53,905,000 |
$176,000 | $612,000 |
$84,000 | $720,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
29 | $6,206,000 |
$214,000 | $632,000 |
$64,000 | $216,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1,988 | $368,728,000 |
$185,000 | $1,900,000 |
$82,000 | $1,200,000 |
| Unverifiable Information |
429 | $89,806,000 |
$209,000 | $800,000 |
$103,000 | $900,000 |
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Mortgage Loan App Totals for AIG FEDERAL SAVINGS BANK by:
Metropolitan Area And
County
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