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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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BAY BANC MORTGAGE CORP.
Mortgage Loans and Application Details
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| Mortgage Company Name |
BAY BANC MORTGAGE CORP. |
| Address | 801 COMPASS WAY, STE. 208
ANNAPOLIS, MD 21401 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2004 |
| All Data Years | 2003 2004 |
| Total Number of Mortgage Loan Applications Processed | 360 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $64,248,000 |
| Average Mortgage Loan Amount Applied For | $221,478 |
| Highest Mortgage Loan Amount Applied For | $650,000 |
| Average Applicant Income | $70,173 |
| Highest Applicant Income | $1,484,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
357 | $63,575,000 |
$250,750 | $650,000 |
$53,000 | $1,484,000 |
| Refinancing |
3 | $673,000 |
$224,000 | $284,000 |
$31,000 | $93,000 |
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| American Indian or Alaskan Native |
1 | $352,000 |
$352,000 | $352,000 |
$0 | $0 |
| Asian |
11 | $2,697,000 |
$187,000 | $580,000 |
$26,000 | $195,000 |
| Black or African American |
54 | $9,856,000 |
$172,000 | $574,000 |
$53,500 | $218,000 |
| Hispanic |
20 | $4,051,000 |
$192,333 | $300,000 |
$70,666 | $191,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $68,000 |
$68,000 | $68,000 |
$129,000 | $129,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
44 | $6,801,000 |
$148,000 | $348,000 |
$105,500 | $1,484,000 |
| White |
229 | $40,423,000 |
$254,666 | $650,000 |
$32,333 | $338,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
225 | $42,436,000 |
$246,250 | $650,000 |
$57,250 | $1,484,000 |
| FHA-insured (Federal Housing Administration) |
113 | $17,728,000 |
$161,000 | $274,000 |
$45,500 | $196,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $120,000 |
$120,000 | $120,000 |
$36,000 | $36,000 |
| VA-guaranteed (Veterans Administration) |
21 | $3,964,000 |
$182,000 | $227,000 |
$42,000 | $90,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
33 | $4,879,000 |
$150,000 | $252,000 |
$45,500 | $117,000 |
| Application Withdrawn By Applicant |
49 | $8,075,000 |
$159,500 | $580,000 |
$49,500 | $179,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
278 | $51,294,000 |
$251,500 | $650,000 |
$57,750 | $1,484,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
14 | $2,058,000 |
$146,500 | $200,000 |
$56,500 | $117,000 |
| Debt-To-Income Ratio |
15 | $2,185,000 |
$150,500 | $252,000 |
$32,500 | $64,000 |
| Employment History |
1 | $125,000 |
$125,000 | $125,000 |
$68,000 | $68,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $123,000 |
$123,000 | $123,000 |
$32,000 | $32,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $240,000 |
$240,000 | $240,000 |
$95,000 | $95,000 |
| Unverifiable Information |
1 | $148,000 |
$148,000 | $148,000 |
$0 | $0 |
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Mortgage Loan App Totals for BAY BANC MORTGAGE CORP. by:
Metropolitan Area And
County
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