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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 NATIONAL ASSOC
Mortgage Loans and Application Details
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| Mortgage Company Name |
BANCO POPULAR NATIONAL ASSOC |
| Address | 120 BROADWAY, 16TH FLOOR
NEW YORK, NY 10271 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,275 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $572,100,000 |
| Average Mortgage Loan Amount Applied For | $174,061 |
| Highest Mortgage Loan Amount Applied For | $2,678,000 |
| Average Applicant Income | $81,371 |
| Highest Applicant Income | $4,200,000 |
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| Home Improvement |
131 | $30,415,000 |
$232,000 | $1,706,000 |
$79,000 | $660,000 |
| Home Purchase |
819 | $205,537,000 |
$250,000 | $2,678,000 |
$126,000 | $4,200,000 |
| Refinancing |
1,325 | $336,148,000 |
$253,000 | $2,000,000 |
$92,000 | $960,000 |
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| American Indian or Alaskan Native |
4 | $820,000 |
$205,000 | $429,000 |
$55,000 | $100,000 |
| Asian |
50 | $19,734,000 |
$394,000 | $999,000 |
$155,000 | $492,000 |
| Black or African American |
137 | $31,442,000 |
$229,000 | $747,000 |
$68,000 | $187,000 |
| Hispanic |
1,606 | $389,580,000 |
$242,000 | $2,678,000 |
$103,000 | $4,200,000 |
| Native Hawaiin or Other Pacific Islander |
6 | $1,678,000 |
$279,000 | $640,000 |
$127,000 | $276,000 |
| Not applicable |
1 | $315,000 |
$315,000 | $315,000 |
$389,000 | $389,000 |
| Not Provided |
152 | $36,218,000 |
$238,000 | $1,257,000 |
$86,000 | $500,000 |
| White |
319 | $92,313,000 |
$289,000 | $1,706,000 |
$120,000 | $840,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,231 | $565,931,000 |
$253,000 | $2,678,000 |
$105,000 | $4,200,000 |
| FHA-insured (Federal Housing Administration) |
43 | $5,845,000 |
$135,000 | $375,000 |
$47,000 | $145,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
1 | $324,000 |
$324,000 | $324,000 |
$119,000 | $119,000 |
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| Application Approved But Not Accepted |
94 | $23,375,000 |
$248,000 | $960,000 |
$93,000 | $516,000 |
| Application Denied By Financial Institution |
572 | $126,822,000 |
$221,000 | $1,554,000 |
$88,000 | $4,200,000 |
| Application Withdrawn By Applicant |
372 | $99,408,000 |
$267,000 | $1,700,000 |
$87,000 | $600,000 |
| File Closed For Incompleteness |
61 | $13,343,000 |
$218,000 | $855,000 |
$102,000 | $900,000 |
| Loan Originated |
1,176 | $309,152,000 |
$262,000 | $2,678,000 |
$118,000 | $2,283,000 |
| 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 |
164 | $37,041,000 |
$225,000 | $1,030,000 |
$117,000 | $4,200,000 |
| Credit Application Incomplete |
5 | $981,000 |
$196,000 | $487,000 |
$64,000 | $120,000 |
| Credit History |
114 | $20,760,000 |
$182,000 | $747,000 |
$56,000 | $304,000 |
| Debt-To-Income Ratio |
167 | $40,291,000 |
$241,000 | $1,389,000 |
$62,000 | $464,000 |
| Employment History |
3 | $1,519,000 |
$506,000 | $1,000,000 |
$1,193,000 | $3,500,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
52 | $12,021,000 |
$231,000 | $559,000 |
$73,000 | $534,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
41 | $9,197,000 |
$224,000 | $880,000 |
$91,000 | $576,000 |
| Unverifiable Information |
26 | $5,012,000 |
$192,000 | $1,554,000 |
$103,000 | $855,000 |
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Mortgage Loan App Totals for BANCO POPULAR NATIONAL ASSOC by:
Metropolitan Area And
County
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