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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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BANK OF AMERICA, N.A.
Mortgage Loans and Application Details
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| Mortgage Company Name |
BANK OF AMERICA, N.A. |
| Address | 200 N COLLEGE ST NC1-004-04-13
CHARLOTTE, NC 28255-0001 |
| 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 | 833,691 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $191,733,186,000 |
| Average Mortgage Loan Amount Applied For | $130,166 |
| Highest Mortgage Loan Amount Applied For | $50,000,000 |
| Average Applicant Income | $69,914 |
| Highest Applicant Income | $9,999,000 |
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| Home Improvement |
80,207 | $9,563,231,000 |
$119,000 | $34,000,000 |
$89,000 | $9,999,000 |
| Home Purchase |
630,060 | $137,951,687,000 |
$218,000 | $39,550,000 |
$94,000 | $9,999,000 |
| Refinancing |
307,095 | $77,571,069,000 |
$252,000 | $50,000,000 |
$75,000 | $9,999,000 |
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| American Indian or Alaskan Native |
4,716 | $732,735,000 |
$155,000 | $2,500,000 |
$87,000 | $3,039,000 |
| Asian |
60,514 | $15,482,257,000 |
$255,000 | $4,160,000 |
$123,000 | $9,999,000 |
| Black or African American |
79,372 | $11,665,041,000 |
$146,000 | $4,000,000 |
$74,000 | $9,999,000 |
| Hispanic |
144,290 | $23,175,296,000 |
$160,000 | $5,000,000 |
$75,000 | $9,999,000 |
| Native Hawaiin or Other Pacific Islander |
4,914 | $1,091,181,000 |
$222,000 | $3,900,000 |
$104,000 | $9,999,000 |
| Not applicable |
192,907 | $66,593,943,000 |
$345,000 | $50,000,000 |
$0 | $0 |
| Not Provided |
78,606 | $19,193,851,000 |
$244,000 | $34,000,000 |
$160,000 | $9,999,000 |
| White |
452,043 | $87,151,683,000 |
$192,000 | $12,256,000 |
$114,000 | $9,999,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,006,211 | $223,525,645,000 |
$222,000 | $50,000,000 |
$88,000 | $9,999,000 |
| FHA-insured (Federal Housing Administration) |
7,768 | $979,854,000 |
$126,000 | $684,000 |
$49,000 | $5,034,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
3,383 | $580,488,000 |
$171,000 | $540,000 |
$61,000 | $279,000 |
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| Application Approved But Not Accepted |
85,828 | $17,501,372,000 |
$203,000 | $22,998,000 |
$126,000 | $9,999,000 |
| Application Denied By Financial Institution |
121,454 | $19,450,075,000 |
$160,000 | $15,000,000 |
$88,000 | $9,999,000 |
| Application Withdrawn By Applicant |
3,874 | $856,318,000 |
$221,000 | $34,000,000 |
$126,000 | $9,999,000 |
| File Closed For Incompleteness |
3,638 | $713,659,000 |
$196,000 | $7,875,000 |
$99,000 | $4,246,000 |
| Loan Originated |
426,770 | $88,924,401,000 |
$208,000 | $50,000,000 |
$118,000 | $9,999,000 |
| Loan Purchased By The Institution |
192,312 | $64,315,992,000 |
$334,000 | $5,982,000 |
$0 | $0 |
| Preapproval Approved but not Accepted |
99,392 | $20,262,318,000 |
$203,000 | $5,000,000 |
$112,000 | $9,999,000 |
| Preapproval Denied by Financial Institution |
84,094 | $13,061,852,000 |
$155,000 | $5,760,000 |
$65,000 | $9,999,000 |
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| Collateral |
22,649 | $3,860,509,000 |
$170,000 | $5,700,000 |
$120,000 | $9,999,000 |
| Credit Application Incomplete |
3,550 | $391,558,000 |
$110,000 | $2,700,000 |
$92,000 | $3,700,000 |
| Credit History |
74,451 | $9,464,127,000 |
$127,000 | $5,760,000 |
$78,000 | $9,999,000 |
| Debt-To-Income Ratio |
66,473 | $11,978,439,000 |
$180,000 | $12,256,000 |
$56,000 | $5,743,000 |
| Employment History |
11,186 | $1,626,744,000 |
$145,000 | $1,840,000 |
$63,000 | $7,020,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
6,118 | $1,170,602,000 |
$191,000 | $3,281,000 |
$97,000 | $4,992,000 |
| Mortgage Insurance Denied |
8 | $1,362,000 |
$170,000 | $339,000 |
$58,000 | $90,000 |
| Other |
12,832 | $2,402,078,000 |
$187,000 | $5,000,000 |
$114,000 | $5,434,000 |
| Unverifiable Information |
8,281 | $1,616,508,000 |
$195,000 | $15,000,000 |
$89,000 | $9,999,000 |
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Mortgage Loan App Totals for BANK OF AMERICA, N.A. by:
Metropolitan Area And
County
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