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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 GATEWAY BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
AMERICAN GATEWAY BANK |
| Address | 320 N ALEXANDER AVE
PORT ALLEN, LA 70767 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 376 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $55,521,000 |
| Average Mortgage Loan Amount Applied For | $212,764 |
| Highest Mortgage Loan Amount Applied For | $3,143,000 |
| Average Applicant Income | $99,117 |
| Highest Applicant Income | $1,493,000 |
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| Home Improvement |
30 | $2,755,000 |
$91,000 | $355,000 |
$91,000 | $462,000 |
| Home Purchase |
206 | $35,357,000 |
$171,000 | $3,143,000 |
$61,000 | $589,000 |
| Refinancing |
141 | $17,529,000 |
$124,000 | $677,000 |
$76,000 | $1,493,000 |
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| American Indian or Alaskan Native |
2 | $237,000 |
$118,000 | $123,000 |
$20,000 | $40,000 |
| Asian |
9 | $1,157,000 |
$128,000 | $565,000 |
$25,000 | $65,000 |
| Black or African American |
81 | $9,000,000 |
$111,000 | $350,000 |
$65,000 | $156,000 |
| Hispanic |
5 | $925,000 |
$185,000 | $264,000 |
$57,000 | $100,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
43 | $9,358,000 |
$217,000 | $3,143,000 |
$0 | $0 |
| Not Provided |
4 | $342,000 |
$85,000 | $151,000 |
$10,000 | $36,000 |
| White |
233 | $34,622,000 |
$148,000 | $885,000 |
$87,000 | $1,493,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
377 | $55,641,000 |
$147,000 | $3,143,000 |
$69,000 | $1,493,000 |
| 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 |
32 | $6,248,000 |
$195,000 | $540,000 |
$82,000 | $589,000 |
| Application Denied By Financial Institution |
45 | $5,645,000 |
$125,000 | $885,000 |
$32,000 | $145,000 |
| Application Withdrawn By Applicant |
30 | $5,162,000 |
$172,000 | $765,000 |
$46,000 | $145,000 |
| File Closed For Incompleteness |
5 | $619,000 |
$123,000 | $167,000 |
$37,000 | $72,000 |
| Loan Originated |
264 | $37,847,000 |
$143,000 | $3,143,000 |
$77,000 | $1,493,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
1 | $120,000 |
$120,000 | $120,000 |
$81,000 | $81,000 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
2 | $564,000 |
$282,000 | $308,000 |
$115,000 | $124,000 |
| Credit Application Incomplete |
2 | $114,000 |
$57,000 | $60,000 |
$31,000 | $34,000 |
| Credit History |
32 | $2,985,000 |
$93,000 | $273,000 |
$29,000 | $100,000 |
| Debt-To-Income Ratio |
3 | $288,000 |
$96,000 | $212,000 |
$21,000 | $43,000 |
| Employment History |
2 | $302,000 |
$151,000 | $225,000 |
$72,000 | $145,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $885,000 |
$885,000 | $885,000 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $257,000 |
$128,000 | $167,000 |
$23,000 | $27,000 |
| Unverifiable Information |
1 | $250,000 |
$250,000 | $250,000 |
$0 | $0 |
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Mortgage Loan App Totals for AMERICAN GATEWAY BANK by:
Metropolitan Area And
County
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