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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 SOUTHWEST
Mortgage Loans and Application Details
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| Mortgage Company Name |
BANK OF THE SOUTHWEST |
| Address | 226 N. MAIN ST.
ROSWELL, NM 88201 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 306 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $9,786,000 |
| Average Mortgage Loan Amount Applied For | $28,125 |
| Highest Mortgage Loan Amount Applied For | $275,000 |
| Average Applicant Income | $38,875 |
| Highest Applicant Income | $182,000 |
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| Home Improvement |
138 | $2,054,000 |
$14,000 | $170,000 |
$36,000 | $142,000 |
| Home Purchase |
110 | $5,198,000 |
$47,000 | $275,000 |
$46,000 | $182,000 |
| Refinancing |
63 | $2,619,000 |
$41,000 | $148,000 |
$34,000 | $100,000 |
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| American Indian or Alaskan Native |
11 | $48,000 |
$4,000 | $17,000 |
$33,000 | $77,000 |
| Asian |
1 | $76,000 |
$76,000 | $76,000 |
$47,000 | $47,000 |
| Black or African American |
1 | $38,000 |
$38,000 | $38,000 |
$71,000 | $71,000 |
| Hispanic |
185 | $4,594,000 |
$24,000 | $150,000 |
$36,000 | $142,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
6 | $335,000 |
$55,000 | $84,000 |
$12,000 | $72,000 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
107 | $4,780,000 |
$44,000 | $275,000 |
$47,000 | $182,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
311 | $9,871,000 |
$31,000 | $275,000 |
$39,000 | $182,000 |
| 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 |
54 | $1,727,000 |
$31,000 | $170,000 |
$34,000 | $125,000 |
| Application Withdrawn By Applicant |
38 | $1,573,000 |
$41,000 | $135,000 |
$42,000 | $114,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
219 | $6,571,000 |
$30,000 | $275,000 |
$40,000 | $182,000 |
| 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 | $47,000 |
$23,000 | $27,000 |
$39,000 | $45,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
41 | $1,316,000 |
$32,000 | $170,000 |
$35,000 | $125,000 |
| Debt-To-Income Ratio |
11 | $364,000 |
$33,000 | $136,000 |
$29,000 | $112,000 |
| 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 |
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 SOUTHWEST by:
Metropolitan Area And
County
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