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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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AMERICAN BANK OF COMMERCE
Mortgage Loans and Application Details
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| Mortgage Company Name |
AMERICAN BANK OF COMMERCE |
| Address | 3670 N UNIVERSITY AVENUE
PROVO, UT 84604 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 12 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $1,931,000 |
| Average Mortgage Loan Amount Applied For | $158,000 |
| Highest Mortgage Loan Amount Applied For | $240,000 |
| Average Applicant Income | $73,333 |
| Highest Applicant Income | $218,000 |
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| Home Improvement |
4 | $579,000 |
$144,000 | $197,000 |
$119,000 | $218,000 |
| Home Purchase |
5 | $969,000 |
$193,000 | $225,000 |
$25,000 | $52,000 |
| Refinancing |
6 | $903,000 |
$150,000 | $240,000 |
$64,000 | $117,000 |
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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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
1 | $160,000 |
$160,000 | $160,000 |
$79,000 | $79,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
14 | $2,291,000 |
$163,000 | $240,000 |
$65,000 | $218,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
15 | $2,451,000 |
$163,000 | $240,000 |
$66,000 | $218,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
1 | $135,000 |
$135,000 | $135,000 |
$28,000 | $28,000 |
| Application Withdrawn By Applicant |
1 | $225,000 |
$225,000 | $225,000 |
$52,000 | $52,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
12 | $1,931,000 |
$160,000 | $240,000 |
$72,000 | $218,000 |
| 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 |
1 | $160,000 |
$160,000 | $160,000 |
$47,000 | $47,000 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 AMERICAN BANK OF COMMERCE by:
Metropolitan Area And
County
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