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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 AMERICAN FORK
Mortgage Loans and Application Details
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| Mortgage Company Name |
BANK OF AMERICAN FORK |
| Address | 33 EAST MAIN STREET
AMERICAN FORK, UT 84003-0307 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 161 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $17,475,000 |
| Average Mortgage Loan Amount Applied For | $115,875 |
| Highest Mortgage Loan Amount Applied For | $844,000 |
| Average Applicant Income | $49,375 |
| Highest Applicant Income | $850,000 |
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| Home Improvement |
43 | $1,848,000 |
$42,000 | $275,000 |
$110,000 | $528,000 |
| Home Purchase |
93 | $12,728,000 |
$136,000 | $844,000 |
$63,000 | $850,000 |
| Refinancing |
25 | $2,899,000 |
$115,000 | $315,000 |
$68,000 | $240,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
11 | $1,370,000 |
$124,000 | $315,000 |
$40,000 | $70,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
2 | $481,000 |
$240,000 | $323,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
148 | $15,624,000 |
$105,000 | $844,000 |
$80,000 | $850,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
109 | $12,388,000 |
$113,000 | $844,000 |
$93,000 | $850,000 |
| FHA-insured (Federal Housing Administration) |
52 | $5,087,000 |
$97,000 | $189,000 |
$41,000 | $101,000 |
| 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 |
5 | $559,000 |
$111,000 | $162,000 |
$61,000 | $123,000 |
| Application Denied By Financial Institution |
22 | $2,997,000 |
$136,000 | $844,000 |
$115,000 | $850,000 |
| Application Withdrawn By Applicant |
13 | $2,159,000 |
$166,000 | $637,000 |
$108,000 | $480,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
121 | $11,760,000 |
$97,000 | $686,000 |
$66,000 | $528,000 |
| 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 |
2 | $1,068,000 |
$534,000 | $844,000 |
$466,000 | $850,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
8 | $556,000 |
$69,000 | $165,000 |
$110,000 | $480,000 |
| Debt-To-Income Ratio |
9 | $879,000 |
$97,000 | $315,000 |
$29,000 | $70,000 |
| 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 |
2 | $417,000 |
$208,000 | $275,000 |
$220,000 | $406,000 |
| Unverifiable Information |
1 | $77,000 |
$77,000 | $77,000 |
$23,000 | $23,000 |
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Mortgage Loan App Totals for BANK OF AMERICAN FORK by:
Metropolitan Area And
County
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