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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 COMMUNITY BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
AMERICAN COMMUNITY BANK |
| Address | 300 GLEN STREET
GLEN COVE, NY 11542 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 22 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $8,128,000 |
| Average Mortgage Loan Amount Applied For | $474,333 |
| Highest Mortgage Loan Amount Applied For | $1,450,000 |
| Average Applicant Income | $111,000 |
| Highest Applicant Income | $857,000 |
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| Home Improvement |
5 | $1,994,000 |
$398,000 | $1,450,000 |
$87,000 | $166,000 |
| Home Purchase |
7 | $2,880,000 |
$411,000 | $600,000 |
$155,000 | $857,000 |
| Refinancing |
10 | $3,254,000 |
$325,000 | $900,000 |
$102,000 | $323,000 |
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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 |
2 | $511,000 |
$255,000 | $336,000 |
$191,000 | $202,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
6 | $3,135,000 |
$522,000 | $1,450,000 |
$247,000 | $857,000 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
14 | $4,482,000 |
$320,000 | $900,000 |
$48,000 | $180,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
22 | $8,128,000 |
$369,000 | $1,450,000 |
$115,000 | $857,000 |
| 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 | $600,000 |
$600,000 | $600,000 |
$27,000 | $27,000 |
| Application Denied By Financial Institution |
6 | $1,242,000 |
$207,000 | $528,000 |
$45,000 | $121,000 |
| Application Withdrawn By Applicant |
3 | $843,000 |
$281,000 | $368,000 |
$124,000 | $202,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
12 | $5,443,000 |
$453,000 | $1,450,000 |
$156,000 | $857,000 |
| 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 |
1 | $148,000 |
$148,000 | $148,000 |
$0 | $0 |
| Credit History |
3 | $1,078,000 |
$359,000 | $528,000 |
$40,000 | $121,000 |
| Debt-To-Income Ratio |
2 | $16,000 |
$8,000 | $15,000 |
$74,000 | $89,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for AMERICAN COMMUNITY BANK by:
Metropolitan Area And
County
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