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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 INTERNET USA
Mortgage Loans and Application Details
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| Mortgage Company Name |
BANK OF INTERNET USA |
| Address | 12777 HIGH BLUFF DRIVE, SUITE 100
SAN DIEGO, CA 92130 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 527 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $116,038,000 |
| Average Mortgage Loan Amount Applied For | $221,973 |
| Highest Mortgage Loan Amount Applied For | $1,680,000 |
| Average Applicant Income | $30,468 |
| Highest Applicant Income | $1,020,000 |
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| Home Improvement |
72 | $11,630,000 |
$161,000 | $760,000 |
$77,000 | $280,000 |
| Home Purchase |
241 | $58,347,000 |
$242,000 | $1,680,000 |
$19,000 | $1,020,000 |
| Refinancing |
236 | $50,147,000 |
$212,000 | $1,500,000 |
$38,000 | $354,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
16 | $2,120,000 |
$132,000 | $340,000 |
$85,000 | $180,000 |
| Black or African American |
6 | $358,000 |
$59,000 | $80,000 |
$51,000 | $127,000 |
| Hispanic |
18 | $2,952,000 |
$164,000 | $414,000 |
$56,000 | $149,000 |
| Native Hawaiin or Other Pacific Islander |
3 | $1,323,000 |
$441,000 | $583,000 |
$51,000 | $103,000 |
| Not applicable |
327 | $78,700,000 |
$240,000 | $1,500,000 |
$0 | $103,000 |
| Not Provided |
59 | $8,557,000 |
$145,000 | $1,275,000 |
$92,000 | $354,000 |
| White |
120 | $26,114,000 |
$217,000 | $1,680,000 |
$90,000 | $1,020,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
549 | $120,124,000 |
$218,000 | $1,680,000 |
$35,000 | $1,020,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
64 | $10,855,000 |
$169,000 | $1,680,000 |
$60,000 | $214,000 |
| Application Withdrawn By Applicant |
37 | $11,086,000 |
$299,000 | $1,560,000 |
$122,000 | $1,020,000 |
| File Closed For Incompleteness |
29 | $3,402,000 |
$117,000 | $700,000 |
$83,000 | $192,000 |
| Loan Originated |
86 | $13,505,000 |
$157,000 | $1,500,000 |
$99,000 | $354,000 |
| Loan Purchased By The Institution |
333 | $81,276,000 |
$244,000 | $1,000,000 |
$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 |
12 | $1,363,000 |
$113,000 | $560,000 |
$64,000 | $163,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
15 | $1,869,000 |
$124,000 | $285,000 |
$43,000 | $90,000 |
| Debt-To-Income Ratio |
26 | $5,707,000 |
$219,000 | $1,680,000 |
$59,000 | $214,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $417,000 |
$417,000 | $417,000 |
$122,000 | $122,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
8 | $1,414,000 |
$176,000 | $300,000 |
$72,000 | $196,000 |
| Unverifiable Information |
2 | $85,000 |
$42,000 | $55,000 |
$82,000 | $114,000 |
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Mortgage Loan App Totals for BANK OF INTERNET USA by:
Metropolitan Area And
County
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