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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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ARCHER BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
ARCHER BANK |
| Address | 4970 S. ARCHER AVE.
CHICAGO, IL 60632 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 128 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $30,044,000 |
| Average Mortgage Loan Amount Applied For | $190,600 |
| Highest Mortgage Loan Amount Applied For | $1,475,000 |
| Average Applicant Income | $87,100 |
| Highest Applicant Income | $459,000 |
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| Home Improvement |
16 | $1,910,000 |
$119,000 | $400,000 |
$43,000 | $100,000 |
| Home Purchase |
51 | $14,015,000 |
$274,000 | $1,475,000 |
$69,000 | $459,000 |
| Refinancing |
61 | $14,119,000 |
$231,000 | $1,142,000 |
$60,000 | $279,000 |
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| American Indian or Alaskan Native |
1 | $114,000 |
$114,000 | $114,000 |
$18,000 | $18,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
18 | $2,669,000 |
$148,000 | $386,000 |
$94,000 | $233,000 |
| Hispanic |
46 | $9,890,000 |
$215,000 | $650,000 |
$36,000 | $141,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
4 | $1,087,000 |
$271,000 | $540,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
59 | $16,284,000 |
$276,000 | $1,475,000 |
$76,000 | $459,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
128 | $30,044,000 |
$234,000 | $1,475,000 |
$61,000 | $459,000 |
| 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 | $265,000 |
$265,000 | $265,000 |
$0 | $0 |
| Application Denied By Financial Institution |
26 | $4,395,000 |
$169,000 | $341,000 |
$78,000 | $233,000 |
| Application Withdrawn By Applicant |
2 | $309,000 |
$154,000 | $196,000 |
$20,000 | $40,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
94 | $22,762,000 |
$242,000 | $1,475,000 |
$59,000 | $459,000 |
| Loan Purchased By The Institution |
5 | $2,313,000 |
$462,000 | $626,000 |
$51,000 | $256,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 ARCHER BANK by:
Metropolitan Area And
County
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