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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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AMALAGAMATED BANK OF CHICAGO
Mortgage Loans and Application Details
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| Mortgage Company Name |
AMALAGAMATED BANK OF CHICAGO |
| Address | ONE WEST MONROE ST.
CHICAGO, IL 60603 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 122 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $21,076,000 |
| Average Mortgage Loan Amount Applied For | $202,066 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $141,933 |
| Highest Applicant Income | $791,000 |
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| Home Improvement |
24 | $1,274,000 |
$53,000 | $325,000 |
$86,000 | $286,000 |
| Home Purchase |
84 | $16,878,000 |
$200,000 | $510,000 |
$101,000 | $791,000 |
| Refinancing |
41 | $7,905,000 |
$192,000 | $1,000,000 |
$106,000 | $522,000 |
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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 |
33 | $4,436,000 |
$134,000 | $272,000 |
$53,000 | $126,000 |
| Hispanic |
11 | $1,719,000 |
$156,000 | $296,000 |
$70,000 | $203,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
35 | $3,994,000 |
$114,000 | $450,000 |
$81,000 | $286,000 |
| White |
70 | $15,908,000 |
$227,000 | $1,000,000 |
$136,000 | $791,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
149 | $26,057,000 |
$174,000 | $1,000,000 |
$100,000 | $791,000 |
| 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 |
5 | $885,000 |
$177,000 | $369,000 |
$66,000 | $169,000 |
| Application Denied By Financial Institution |
22 | $2,869,000 |
$130,000 | $296,000 |
$58,000 | $110,000 |
| Application Withdrawn By Applicant |
6 | $1,170,000 |
$195,000 | $479,000 |
$192,000 | $536,000 |
| File Closed For Incompleteness |
2 | $376,000 |
$188,000 | $205,000 |
$50,000 | $65,000 |
| Loan Originated |
87 | $15,776,000 |
$181,000 | $1,000,000 |
$122,000 | $791,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
10 | $1,927,000 |
$192,000 | $272,000 |
$62,000 | $111,000 |
| Preapproval Denied by Financial Institution |
17 | $3,054,000 |
$179,000 | $300,000 |
$50,000 | $93,000 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
13 | $1,618,000 |
$124,000 | $300,000 |
$56,000 | $110,000 |
| Debt-To-Income Ratio |
23 | $3,760,000 |
$163,000 | $296,000 |
$53,000 | $90,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $222,000 |
$222,000 | $222,000 |
$107,000 | $107,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $323,000 |
$161,000 | $199,000 |
$46,000 | $65,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for AMALAGAMATED BANK OF CHICAGO by:
Metropolitan Area And
County
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