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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 SANTANDER PUERTO RICO
Mortgage Loans and Application Details
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| Mortgage Company Name |
BANCO SANTANDER PUERTO RICO |
| Address | P.O. BOX 362589
SAN JUAN, PR 00936-2589 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 8,645 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $989,880,000 |
| Average Mortgage Loan Amount Applied For | $78,897 |
| Highest Mortgage Loan Amount Applied For | $4,360,000 |
| Average Applicant Income | $50,589 |
| Highest Applicant Income | $6,698,000 |
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| Home Improvement |
3,154 | $34,070,000 |
$10,000 | $260,000 |
$34,000 | $1,335,000 |
| Home Purchase |
3,385 | $668,624,000 |
$197,000 | $4,360,000 |
$92,000 | $6,698,000 |
| Refinancing |
2,106 | $287,186,000 |
$136,000 | $1,500,000 |
$63,000 | $1,525,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $30,000 |
$15,000 | $15,000 |
$29,000 | $36,000 |
| Black or African American |
2 | $31,000 |
$15,000 | $23,000 |
$39,000 | $49,000 |
| Hispanic |
2,793 | $31,079,000 |
$11,000 | $261,000 |
$34,000 | $806,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $99,000 |
$49,000 | $55,000 |
$55,000 | $96,000 |
| Not applicable |
5,498 | $955,121,000 |
$173,000 | $4,360,000 |
$81,000 | $6,698,000 |
| Not Provided |
339 | $3,431,000 |
$10,000 | $50,000 |
$30,000 | $1,335,000 |
| White |
9 | $89,000 |
$9,000 | $25,000 |
$31,000 | $70,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
8,645 | $989,880,000 |
$114,000 | $4,360,000 |
$64,000 | $6,698,000 |
| 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 |
238 | $2,507,000 |
$10,000 | $50,000 |
$42,000 | $806,000 |
| Application Denied By Financial Institution |
1,375 | $15,396,000 |
$11,000 | $186,000 |
$27,000 | $1,335,000 |
| Application Withdrawn By Applicant |
44 | $1,221,000 |
$27,000 | $225,000 |
$32,000 | $180,000 |
| File Closed For Incompleteness |
74 | $775,000 |
$10,000 | $40,000 |
$34,000 | $504,000 |
| Loan Originated |
1,413 | $14,500,000 |
$10,000 | $190,000 |
$39,000 | $725,000 |
| Loan Purchased By The Institution |
5,501 | $955,481,000 |
$173,000 | $4,360,000 |
$81,000 | $6,698,000 |
| 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 |
1 | $125,000 |
$125,000 | $125,000 |
$115,000 | $115,000 |
| Credit History |
909 | $9,609,000 |
$10,000 | $186,000 |
$29,000 | $1,335,000 |
| Debt-To-Income Ratio |
441 | $5,025,000 |
$11,000 | $50,000 |
$21,000 | $130,000 |
| Employment History |
1 | $10,000 |
$10,000 | $10,000 |
$96,000 | $96,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $166,000 |
$166,000 | $166,000 |
$51,000 | $51,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
20 | $448,000 |
$22,000 | $141,000 |
$38,000 | $186,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for BANCO SANTANDER PUERTO RICO by:
Metropolitan Area And
County
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