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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
Mortgage Loans and Application Details
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| Mortgage Company Name |
AMERICAN BANK |
| Address | 12211 PLUM ORCHARD DRIVE #300
SILVER SPRING, MD 20904 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 631 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $159,480,000 |
| Average Mortgage Loan Amount Applied For | $258,805 |
| Highest Mortgage Loan Amount Applied For | $1,950,000 |
| Average Applicant Income | $106,970 |
| Highest Applicant Income | $972,000 |
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| Home Improvement |
71 | $26,137,000 |
$368,000 | $1,950,000 |
$113,000 | $700,000 |
| Home Purchase |
439 | $91,450,000 |
$208,000 | $1,000,000 |
$74,000 | $972,000 |
| Refinancing |
121 | $41,893,000 |
$346,000 | $1,326,000 |
$109,000 | $868,000 |
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| American Indian or Alaskan Native |
2 | $440,000 |
$220,000 | $352,000 |
$100,000 | $100,000 |
| Asian |
18 | $5,476,000 |
$304,000 | $750,000 |
$76,000 | $200,000 |
| Black or African American |
84 | $21,877,000 |
$260,000 | $1,131,000 |
$97,000 | $414,000 |
| Hispanic |
338 | $67,827,000 |
$200,000 | $680,000 |
$54,000 | $311,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
24 | $7,040,000 |
$293,000 | $734,000 |
$101,000 | $266,000 |
| White |
165 | $56,820,000 |
$344,000 | $1,950,000 |
$142,000 | $972,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
631 | $159,480,000 |
$252,000 | $1,950,000 |
$85,000 | $972,000 |
| 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 | $781,000 |
$781,000 | $781,000 |
$216,000 | $216,000 |
| Application Denied By Financial Institution |
42 | $10,698,000 |
$254,000 | $640,000 |
$101,000 | $266,000 |
| Application Withdrawn By Applicant |
60 | $13,541,000 |
$225,000 | $680,000 |
$90,000 | $964,000 |
| File Closed For Incompleteness |
17 | $4,533,000 |
$266,000 | $667,000 |
$96,000 | $219,000 |
| Loan Originated |
511 | $129,927,000 |
$254,000 | $1,950,000 |
$83,000 | $972,000 |
| 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 |
12 | $3,263,000 |
$271,000 | $640,000 |
$103,000 | $204,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $368,000 |
$184,000 | $320,000 |
$85,000 | $85,000 |
| Debt-To-Income Ratio |
6 | $1,331,000 |
$221,000 | $460,000 |
$109,000 | $132,000 |
| 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 |
11 | $3,360,000 |
$305,000 | $570,000 |
$95,000 | $266,000 |
| Unverifiable Information |
11 | $2,376,000 |
$216,000 | $520,000 |
$104,000 | $200,000 |
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Mortgage Loan App Totals for AMERICAN BANK by:
Metropolitan Area And
County
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