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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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ASIAN AMERICAN BANK & TRUST CO
Mortgage Loans and Application Details
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| Mortgage Company Name |
ASIAN AMERICAN BANK & TRUST CO |
| Address | 68 HARRISON AVENUE
BOSTON, MA 02111 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2004 |
| All Data Years | 2003 2004 |
| Total Number of Mortgage Loan Applications Processed | 139 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $42,960,000 |
| Average Mortgage Loan Amount Applied For | $263,846 |
| Highest Mortgage Loan Amount Applied For | $2,000,000 |
| Average Applicant Income | $77,153 |
| Highest Applicant Income | $966,000 |
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| Home Improvement |
14 | $3,570,000 |
$255,000 | $510,000 |
$88,500 | $284,000 |
| Home Purchase |
121 | $34,736,000 |
$270,500 | $1,820,000 |
$73,250 | $480,000 |
| Refinancing |
27 | $8,358,000 |
$309,000 | $2,000,000 |
$123,000 | $966,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
134 | $34,636,000 |
$214,000 | $2,000,000 |
$78,333 | $966,000 |
| Black or African American |
7 | $3,091,000 |
$441,000 | $975,000 |
$66,000 | $392,000 |
| Hispanic |
1 | $189,000 |
$189,000 | $189,000 |
$48,000 | $48,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
9 | $5,882,000 |
$591,000 | $1,820,000 |
$10,000 | $257,000 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
11 | $2,866,000 |
$264,000 | $543,000 |
$158,000 | $351,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
162 | $46,664,000 |
$270,500 | $2,000,000 |
$76,500 | $966,000 |
| 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 |
20 | $4,960,000 |
$286,500 | $623,000 |
$98,000 | $235,000 |
| Application Denied By Financial Institution |
10 | $3,173,000 |
$317,000 | $461,000 |
$111,000 | $494,000 |
| Application Withdrawn By Applicant |
18 | $5,552,000 |
$240,666 | $772,000 |
$111,333 | $252,000 |
| File Closed For Incompleteness |
1 | $191,000 |
$191,000 | $191,000 |
$185,000 | $185,000 |
| Loan Originated |
90 | $29,084,000 |
$331,000 | $2,000,000 |
$57,666 | $966,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
21 | $3,438,000 |
$163,000 | $345,000 |
$54,000 | $173,000 |
| Preapproval Denied by Financial Institution |
2 | $266,000 |
$133,000 | $133,000 |
$43,000 | $52,000 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
6 | $1,590,000 |
$212,000 | $420,000 |
$63,000 | $110,000 |
| Debt-To-Income Ratio |
3 | $1,032,000 |
$291,000 | $461,000 |
$54,500 | $120,000 |
| 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 |
1 | $333,000 |
$333,000 | $333,000 |
$78,000 | $78,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for ASIAN AMERICAN BANK & TRUST CO by:
Metropolitan Area And
County
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