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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 & TRUST
Mortgage Loans and Application Details
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| Mortgage Company Name |
AMERICAN BANK & TRUST |
| Address | 222 STATE ROAD 60 EAST
LAKE WALES, FL 33853 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2004 |
| All Data Years | 2003 2004 |
| Total Number of Mortgage Loan Applications Processed | 97 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $11,852,000 |
| Average Mortgage Loan Amount Applied For | $108,500 |
| Highest Mortgage Loan Amount Applied For | $700,000 |
| Average Applicant Income | $73,625 |
| Highest Applicant Income | $1,140,000 |
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| Home Improvement |
3 | $345,000 |
$115,000 | $225,000 |
$21,000 | $61,000 |
| Home Purchase |
72 | $8,971,000 |
$124,000 | $700,000 |
$71,000 | $1,140,000 |
| Refinancing |
22 | $2,536,000 |
$115,000 | $308,000 |
$56,000 | $635,000 |
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| American Indian or Alaskan Native |
1 | $37,000 |
$37,000 | $37,000 |
$91,000 | $91,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
3 | $638,000 |
$212,000 | $308,000 |
$88,000 | $114,000 |
| Hispanic |
3 | $403,000 |
$134,000 | $274,000 |
$60,000 | $79,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
2 | $195,000 |
$97,000 | $110,000 |
$0 | $0 |
| Not Provided |
11 | $1,368,000 |
$124,000 | $396,000 |
$86,000 | $1,140,000 |
| White |
77 | $9,211,000 |
$119,000 | $700,000 |
$60,000 | $635,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
97 | $11,852,000 |
$122,000 | $700,000 |
$64,000 | $1,140,000 |
| 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 |
12 | $1,394,000 |
$116,000 | $225,000 |
$79,000 | $133,000 |
| Application Denied By Financial Institution |
12 | $1,007,000 |
$83,000 | $180,000 |
$41,000 | $97,000 |
| Application Withdrawn By Applicant |
6 | $633,000 |
$105,000 | $308,000 |
$68,000 | $114,000 |
| File Closed For Incompleteness |
7 | $849,000 |
$121,000 | $293,000 |
$45,000 | $107,000 |
| Loan Originated |
60 | $7,969,000 |
$132,000 | $700,000 |
$78,000 | $1,140,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
5 | $424,000 |
$84,000 | $180,000 |
$33,000 | $94,000 |
| Debt-To-Income Ratio |
2 | $139,000 |
$69,000 | $75,000 |
$26,000 | $32,000 |
| Employment History |
5 | $444,000 |
$88,000 | $170,000 |
$52,000 | $97,000 |
| 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 & TRUST by:
Metropolitan Area And
County
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