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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 EXPRESS BANK, FSB
Mortgage Loans and Application Details
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| Mortgage Company Name |
AMERICAN EXPRESS BANK, FSB |
| Address | 4315 SOUTH 2700 WEST
SALT LAKE CITY, UT 84184 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,782 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $427,150,000 |
| Average Mortgage Loan Amount Applied For | $132,961 |
| Highest Mortgage Loan Amount Applied For | $3,900,000 |
| Average Applicant Income | $104,391 |
| Highest Applicant Income | $2,808,000 |
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| Home Improvement |
764 | $56,669,000 |
$74,000 | $587,000 |
$106,000 | $2,808,000 |
| Home Purchase |
571 | $142,768,000 |
$250,000 | $1,496,000 |
$133,000 | $1,150,000 |
| Refinancing |
1,447 | $227,713,000 |
$157,000 | $3,900,000 |
$106,000 | $984,000 |
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| American Indian or Alaskan Native |
12 | $1,388,000 |
$115,000 | $203,000 |
$64,000 | $103,000 |
| Asian |
120 | $17,989,000 |
$149,000 | $637,000 |
$105,000 | $445,000 |
| Black or African American |
241 | $35,295,000 |
$146,000 | $850,000 |
$92,000 | $936,000 |
| Hispanic |
216 | $32,720,000 |
$151,000 | $1,000,000 |
$111,000 | $2,808,000 |
| Native Hawaiin or Other Pacific Islander |
7 | $1,128,000 |
$161,000 | $344,000 |
$111,000 | $205,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
668 | $93,806,000 |
$140,000 | $1,496,000 |
$113,000 | $1,025,000 |
| White |
1,518 | $244,824,000 |
$161,000 | $3,900,000 |
$115,000 | $1,150,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,782 | $427,150,000 |
$153,000 | $3,900,000 |
$111,000 | $2,808,000 |
| 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 |
78 | $18,745,000 |
$240,000 | $587,000 |
$120,000 | $1,025,000 |
| Application Denied By Financial Institution |
466 | $85,936,000 |
$184,000 | $3,900,000 |
$100,000 | $984,000 |
| Application Withdrawn By Applicant |
198 | $42,142,000 |
$212,000 | $1,496,000 |
$134,000 | $950,000 |
| File Closed For Incompleteness |
16 | $4,755,000 |
$297,000 | $640,000 |
$176,000 | $654,000 |
| Loan Originated |
2,024 | $275,572,000 |
$136,000 | $1,200,000 |
$111,000 | $2,808,000 |
| 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 |
126 | $29,596,000 |
$234,000 | $3,900,000 |
$112,000 | $960,000 |
| Credit Application Incomplete |
14 | $5,713,000 |
$408,000 | $1,500,000 |
$226,000 | $984,000 |
| Credit History |
160 | $14,288,000 |
$89,000 | $500,000 |
$91,000 | $555,000 |
| Debt-To-Income Ratio |
124 | $26,773,000 |
$215,000 | $1,158,000 |
$75,000 | $420,000 |
| Employment History |
2 | $492,000 |
$246,000 | $383,000 |
$147,000 | $170,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
16 | $4,101,000 |
$256,000 | $1,230,000 |
$139,000 | $699,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
20 | $3,840,000 |
$192,000 | $669,000 |
$109,000 | $400,000 |
| Unverifiable Information |
4 | $1,133,000 |
$283,000 | $492,000 |
$185,000 | $324,000 |
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Mortgage Loan App Totals for AMERICAN EXPRESS BANK, FSB by:
Metropolitan Area And
County
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