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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 THE RIO GRANDE, N.A.
Mortgage Loans and Application Details
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| Mortgage Company Name |
BANK OF THE RIO GRANDE, N.A. |
| Address | 421 N WATER ST.
LAS CRUCES, NM 88001 |
| 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 | 68 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $5,806,000 |
| Average Mortgage Loan Amount Applied For | $84,666 |
| Highest Mortgage Loan Amount Applied For | $350,000 |
| Average Applicant Income | $95,000 |
| Highest Applicant Income | $898,000 |
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| Home Improvement |
14 | $934,000 |
$66,000 | $330,000 |
$132,000 | $898,000 |
| Home Purchase |
28 | $2,091,000 |
$74,000 | $261,000 |
$76,000 | $345,000 |
| Refinancing |
26 | $2,781,000 |
$106,000 | $350,000 |
$46,000 | $209,000 |
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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 |
1 | $290,000 |
$290,000 | $290,000 |
$0 | $0 |
| Hispanic |
30 | $2,340,000 |
$78,000 | $350,000 |
$47,000 | $196,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
6 | $1,051,000 |
$175,000 | $261,000 |
$79,000 | $345,000 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
31 | $2,125,000 |
$68,000 | $330,000 |
$106,000 | $898,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
68 | $5,806,000 |
$85,000 | $350,000 |
$76,000 | $898,000 |
| 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 |
1 | $350,000 |
$350,000 | $350,000 |
$196,000 | $196,000 |
| Application Denied By Financial Institution |
15 | $952,000 |
$63,000 | $290,000 |
$41,000 | $168,000 |
| Application Withdrawn By Applicant |
4 | $243,000 |
$60,000 | $100,000 |
$43,000 | $91,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
48 | $4,261,000 |
$88,000 | $350,000 |
$87,000 | $898,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
1 | $128,000 |
$128,000 | $128,000 |
$168,000 | $168,000 |
| Credit History |
9 | $594,000 |
$66,000 | $290,000 |
$30,000 | $64,000 |
| Debt-To-Income Ratio |
2 | $77,000 |
$38,000 | $75,000 |
$28,000 | $33,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $153,000 |
$51,000 | $72,000 |
$41,000 | $67,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for BANK OF THE RIO GRANDE, N.A. by:
Metropolitan Area And
County
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