AllMortgageDetail - Mortgage Application Details

American Sterling Bank
Mortgage Loan Application
Totals and Details
for 2006

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Mortgage Company & Address American Sterling Bank
535 S Sterling
Sugar Creek, MO 64054
Federal Regulator Office of Thrift Supervision (OTS)
Years 2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 6,127
Total Mortgage Loan Application Amount $1,465,059,000
Average Mortgage Loan Application Amount $184,604
Highest Mortgage Loan Application Amount $3,486,000
Average Applicant Income $93,926
Highest Applicant Income $9,999,000

Mortgage Loan Application Detail Totals for American Sterling Bank in 2006

Loan Purpose

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Refinancing 3,984 $1,030,075,000 $258,000 $3,486,000 $105,000 $3,286,000
Home Purchase 2,158 $439,463,000 $203,000 $1,675,000 $125,000 $9,999,000
Home Improvement 4 $284,000 $71,000 $199,000 $26,000 $62,000

Applicant Race

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
White 3,278 $761,525,000 $232,000 $3,486,000 $113,000 $3,286,000
Hispanic 1,126 $266,457,000 $236,000 $1,350,000 $108,000 $9,999,000
Not Provided 725 $204,889,000 $282,000 $1,500,000 $111,000 $807,000
Asian 496 $124,606,000 $251,000 $1,151,000 $118,000 $1,010,000
Black or African American 417 $87,220,000 $209,000 $1,500,000 $107,000 $1,920,000
Native Hawaiin or Other Pacific Islander 86 $21,938,000 $255,000 $649,000 $111,000 $1,140,000
American Indian or Alaskan Native 18 $3,187,000 $177,000 $532,000 $116,000 $394,000
Not applicable 0 $0 $0 $0 $0 $0

Loan Type

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 6,047 $1,455,856,000 $240,000 $3,486,000 $113,000 $9,999,000
FHA-insured (Federal Housing Administration) 91 $12,683,000 $139,000 $366,000 $55,000 $134,000
VA-guaranteed (Veterans Administration) 8 $1,283,000 $160,000 $243,000 $59,000 $102,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 0 $0 $0 $0 $0 $0

Outcome

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Loan Originated 2,992 $675,800,000 $225,000 $1,691,000 $103,000 $3,286,000
Application Denied By Financial Institution 1,449 $331,072,000 $228,000 $3,486,000 $128,000 $9,999,000
Application Approved But Not Accepted 1,163 $318,896,000 $274,000 $1,710,000 $107,000 $1,140,000
File Closed For Incompleteness 403 $103,513,000 $256,000 $1,000,000 $126,000 $643,000
Application Withdrawn By Applicant 120 $35,778,000 $298,000 $1,788,000 $125,000 $535,000
Preapproval Approved but not Accepted 15 $3,973,000 $264,000 $650,000 $108,000 $221,000
Preapproval Denied by Financial Institution 4 $790,000 $197,000 $316,000 $225,000 $807,000
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0

Denial Reason

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Credit History 503 $111,958,000 $222,000 $1,250,000 $105,000 $752,000
Other 275 $60,987,000 $221,000 $3,486,000 $142,000 $840,000
Debt-To-Income Ratio 176 $39,500,000 $224,000 $1,200,000 $93,000 $807,000
Collateral 172 $44,343,000 $257,000 $1,500,000 $182,000 $9,999,000
Unverifiable Information 161 $41,593,000 $258,000 $1,500,000 $141,000 $660,000
Credit Application Incomplete 93 $16,196,000 $174,000 $986,000 $163,000 $1,920,000
Employment History 44 $11,174,000 $253,000 $1,350,000 $123,000 $491,000
Insufficient Cash (Downpayment, Closing Cost) 28 $6,029,000 $215,000 $882,000 $101,000 $333,000
Mortgage Insurance Denied 1 $82,000 $82,000 $82,000 $107,000 $107,000