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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 NORTH AMERICA
Mortgage Loans and Application Details
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| Mortgage Company Name |
BANCO POPULAR NORTH AMERICA |
| Address | 9600 W BRYN MAWR
CHICAGO, IL 60018 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 16,539 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $2,448,167,000 |
| Average Mortgage Loan Amount Applied For | $136,969 |
| Highest Mortgage Loan Amount Applied For | $4,445,000 |
| Average Applicant Income | $24,204 |
| Highest Applicant Income | $4,000,000 |
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| Home Improvement |
2,075 | $159,275,000 |
$76,000 | $4,000,000 |
$92,000 | $4,000,000 |
| Home Purchase |
10,737 | $1,464,398,000 |
$136,000 | $4,445,000 |
$36,000 | $2,283,000 |
| Refinancing |
3,727 | $824,494,000 |
$221,000 | $3,400,000 |
$7,000 | $960,000 |
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| American Indian or Alaskan Native |
17 | $2,208,000 |
$129,000 | $350,000 |
$106,000 | $398,000 |
| Asian |
80 | $18,207,000 |
$227,000 | $1,200,000 |
$132,000 | $1,080,000 |
| Black or African American |
355 | $29,902,000 |
$84,000 | $1,000,000 |
$64,000 | $542,000 |
| Hispanic |
8,161 | $912,665,000 |
$111,000 | $4,000,000 |
$56,000 | $4,000,000 |
| Native Hawaiin or Other Pacific Islander |
25 | $3,589,000 |
$143,000 | $550,000 |
$66,000 | $206,000 |
| Not applicable |
6,844 | $1,296,288,000 |
$189,000 | $4,445,000 |
$0 | $54,000 |
| Not Provided |
95 | $9,387,000 |
$98,000 | $500,000 |
$131,000 | $1,925,000 |
| White |
962 | $175,921,000 |
$182,000 | $2,600,000 |
$101,000 | $2,424,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
16,536 | $2,447,802,000 |
$148,000 | $4,445,000 |
$36,000 | $4,000,000 |
| FHA-insured (Federal Housing Administration) |
3 | $365,000 |
$121,000 | $294,000 |
$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 |
235 | $22,984,000 |
$97,000 | $750,000 |
$122,000 | $2,424,000 |
| Application Denied By Financial Institution |
2,735 | $283,149,000 |
$103,000 | $4,000,000 |
$68,000 | $4,000,000 |
| Application Withdrawn By Applicant |
20 | $3,896,000 |
$194,000 | $1,950,000 |
$137,000 | $860,000 |
| File Closed For Incompleteness |
1,620 | $187,904,000 |
$115,000 | $418,000 |
$52,000 | $1,205,000 |
| Loan Originated |
4,979 | $659,279,000 |
$132,000 | $4,445,000 |
$58,000 | $1,648,000 |
| Loan Purchased By The Institution |
6,950 | $1,290,955,000 |
$185,000 | $3,214,000 |
$2,000 | $2,283,000 |
| 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 |
81 | $10,628,000 |
$131,000 | $326,000 |
$62,000 | $240,000 |
| Credit Application Incomplete |
1 | $116,000 |
$116,000 | $116,000 |
$43,000 | $43,000 |
| Credit History |
196 | $24,675,000 |
$125,000 | $360,000 |
$65,000 | $1,230,000 |
| Debt-To-Income Ratio |
199 | $27,348,000 |
$137,000 | $368,000 |
$36,000 | $120,000 |
| Employment History |
62 | $7,274,000 |
$117,000 | $332,000 |
$46,000 | $336,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $90,000 |
$90,000 | $90,000 |
$43,000 | $43,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
139 | $16,573,000 |
$119,000 | $300,000 |
$59,000 | $296,000 |
| Unverifiable Information |
21 | $2,578,000 |
$122,000 | $240,000 |
$38,000 | $101,000 |
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Mortgage Loan App Totals for BANCO POPULAR NORTH AMERICA by:
Metropolitan Area And
County
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