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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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BANCO POPULAR DE PUERTO RICO
Mortgage Loans and Application Details
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| Mortgage Company Name |
BANCO POPULAR DE PUERTO RICO |
| Address | PO BOX 362708
SAN JUAN, PR 00936-2708 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 21,654 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $831,631,000 |
| Average Mortgage Loan Amount Applied For | $34,076 |
| Highest Mortgage Loan Amount Applied For | $2,880,000 |
| Average Applicant Income | $27,987 |
| Highest Applicant Income | $4,481,000 |
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| Home Improvement |
18,883 | $279,544,000 |
$14,000 | $1,500,000 |
$34,000 | $4,481,000 |
| Home Purchase |
2,079 | $438,867,000 |
$211,000 | $2,880,000 |
$1,000 | $259,000 |
| Refinancing |
692 | $113,220,000 |
$163,000 | $1,575,000 |
$5,000 | $146,000 |
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| American Indian or Alaskan Native |
1 | $20,000 |
$20,000 | $20,000 |
$57,000 | $57,000 |
| Asian |
6 | $156,000 |
$26,000 | $100,000 |
$127,000 | $408,000 |
| Black or African American |
14 | $197,000 |
$14,000 | $50,000 |
$36,000 | $129,000 |
| Hispanic |
18,293 | $234,735,000 |
$12,000 | $665,000 |
$35,000 | $4,481,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
3,072 | $593,071,000 |
$193,000 | $2,880,000 |
$0 | $0 |
| Not Provided |
186 | $2,199,000 |
$11,000 | $90,000 |
$53,000 | $4,160,000 |
| White |
82 | $1,253,000 |
$15,000 | $160,000 |
$48,000 | $272,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
21,654 | $831,631,000 |
$38,000 | $2,880,000 |
$30,000 | $4,481,000 |
| 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 |
1,300 | $21,841,000 |
$16,000 | $166,000 |
$47,000 | $861,000 |
| Application Denied By Financial Institution |
7,588 | $92,404,000 |
$12,000 | $225,000 |
$30,000 | $1,297,000 |
| Application Withdrawn By Applicant |
217 | $4,237,000 |
$19,000 | $150,000 |
$48,000 | $600,000 |
| File Closed For Incompleteness |
125 | $1,884,000 |
$15,000 | $80,000 |
$77,000 | $4,160,000 |
| Loan Originated |
9,352 | $118,194,000 |
$12,000 | $665,000 |
$36,000 | $4,481,000 |
| Loan Purchased By The Institution |
3,072 | $593,071,000 |
$193,000 | $2,880,000 |
$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 |
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 BANCO POPULAR DE PUERTO RICO by:
Metropolitan Area And
County
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