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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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BNC MORTGAGE
Mortgage Loans and Application Details
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| Mortgage Company Name |
BNC MORTGAGE |
| Address | 745 SEVENTH AVENUE, 24TH FLOOR
NEW YORK, NY 10019 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 185,751 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $40,640,394,000 |
| Average Mortgage Loan Amount Applied For | $131,909 |
| Highest Mortgage Loan Amount Applied For | $2,560,000 |
| Average Applicant Income | $76,089 |
| Highest Applicant Income | $8,400,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
83,671 | $16,005,592,000 |
$191,000 | $2,000,000 |
$110,000 | $8,400,000 |
| Refinancing |
102,080 | $24,634,802,000 |
$241,000 | $2,560,000 |
$94,000 | $7,383,000 |
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| American Indian or Alaskan Native |
699 | $152,743,000 |
$218,000 | $960,000 |
$103,000 | $1,422,000 |
| Asian |
7,686 | $2,179,762,000 |
$283,000 | $2,000,000 |
$137,000 | $5,250,000 |
| Black or African American |
41,402 | $7,841,991,000 |
$189,000 | $2,000,000 |
$88,000 | $5,794,000 |
| Hispanic |
46,498 | $11,024,015,000 |
$237,000 | $2,000,000 |
$101,000 | $6,500,000 |
| Native Hawaiin or Other Pacific Islander |
1,753 | $507,038,000 |
$289,000 | $1,318,000 |
$125,000 | $1,015,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
24,536 | $5,923,849,000 |
$241,000 | $2,000,000 |
$99,000 | $4,536,000 |
| White |
63,177 | $13,010,996,000 |
$205,000 | $2,560,000 |
$107,000 | $8,400,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
185,751 | $40,640,394,000 |
$218,000 | $2,560,000 |
$101,000 | $8,400,000 |
| 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 |
24,133 | $4,895,470,000 |
$202,000 | $2,000,000 |
$101,000 | $8,400,000 |
| Application Denied By Financial Institution |
91,718 | $20,819,632,000 |
$226,000 | $2,560,000 |
$103,000 | $6,500,000 |
| Application Withdrawn By Applicant |
5,596 | $1,218,054,000 |
$217,000 | $2,000,000 |
$107,000 | $4,947,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
59,158 | $12,518,902,000 |
$211,000 | $1,680,000 |
$100,000 | $7,383,000 |
| Loan Purchased By The Institution |
5,146 | $1,188,336,000 |
$230,000 | $1,785,000 |
$90,000 | $2,512,000 |
| 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 |
4,300 | $888,049,000 |
$206,000 | $2,000,000 |
$121,000 | $4,634,000 |
| Credit Application Incomplete |
5,702 | $1,051,773,000 |
$184,000 | $1,894,000 |
$92,000 | $3,725,000 |
| Credit History |
34,640 | $7,591,652,000 |
$219,000 | $2,000,000 |
$95,000 | $4,442,000 |
| Debt-To-Income Ratio |
2,797 | $661,472,000 |
$236,000 | $2,000,000 |
$74,000 | $596,000 |
| Employment History |
543 | $123,568,000 |
$227,000 | $1,639,000 |
$114,000 | $960,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
134 | $27,434,000 |
$204,000 | $912,000 |
$79,000 | $347,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
36,406 | $8,804,623,000 |
$241,000 | $2,560,000 |
$110,000 | $6,500,000 |
| Unverifiable Information |
7,196 | $1,671,061,000 |
$232,000 | $2,000,000 |
$111,000 | $5,794,000 |
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Mortgage Loan App Totals for BNC MORTGAGE by:
Metropolitan Area And
County
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