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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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CARVER FEDERAL SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
CARVER FEDERAL SAVINGS BANK |
| Address | 75 WEST 125TH STREET
NEW YORK, NY 10027 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 254 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $78,115,000 |
| Average Mortgage Loan Amount Applied For | $235,888 |
| Highest Mortgage Loan Amount Applied For | $2,300,000 |
| Average Applicant Income | $73,925 |
| Highest Applicant Income | $1,088,000 |
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| Home Improvement |
35 | $2,054,000 |
$58,000 | $600,000 |
$58,000 | $152,000 |
| Home Purchase |
117 | $40,176,000 |
$343,000 | $2,300,000 |
$90,000 | $1,088,000 |
| Refinancing |
109 | $37,973,000 |
$348,000 | $1,900,000 |
$74,000 | $671,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
6 | $1,851,000 |
$308,000 | $720,000 |
$134,000 | $267,000 |
| Black or African American |
152 | $35,427,000 |
$233,000 | $1,040,000 |
$77,000 | $262,000 |
| Hispanic |
30 | $9,695,000 |
$323,000 | $1,500,000 |
$75,000 | $175,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $516,000 |
$516,000 | $516,000 |
$114,000 | $114,000 |
| Not applicable |
1 | $580,000 |
$580,000 | $580,000 |
$0 | $0 |
| Not Provided |
48 | $25,594,000 |
$533,000 | $2,300,000 |
$61,000 | $1,088,000 |
| White |
23 | $6,540,000 |
$284,000 | $1,160,000 |
$123,000 | $671,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
261 | $80,203,000 |
$307,000 | $2,300,000 |
$79,000 | $1,088,000 |
| 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 |
8 | $2,267,000 |
$283,000 | $510,000 |
$77,000 | $262,000 |
| Application Denied By Financial Institution |
56 | $11,817,000 |
$211,000 | $756,000 |
$72,000 | $200,000 |
| Application Withdrawn By Applicant |
63 | $21,686,000 |
$344,000 | $2,300,000 |
$113,000 | $1,088,000 |
| File Closed For Incompleteness |
2 | $368,000 |
$184,000 | $348,000 |
$64,000 | $90,000 |
| Loan Originated |
123 | $41,053,000 |
$333,000 | $2,120,000 |
$67,000 | $249,000 |
| Loan Purchased By The Institution |
2 | $924,000 |
$462,000 | $580,000 |
$40,000 | $80,000 |
| Preapproval Approved but not Accepted |
6 | $1,888,000 |
$314,000 | $456,000 |
$73,000 | $115,000 |
| Preapproval Denied by Financial Institution |
1 | $200,000 |
$200,000 | $200,000 |
$18,000 | $18,000 |
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| Collateral |
7 | $1,460,000 |
$208,000 | $744,000 |
$62,000 | $154,000 |
| Credit Application Incomplete |
8 | $2,735,000 |
$341,000 | $570,000 |
$115,000 | $190,000 |
| Credit History |
12 | $3,148,000 |
$262,000 | $659,000 |
$77,000 | $152,000 |
| Debt-To-Income Ratio |
22 | $3,967,000 |
$180,000 | $756,000 |
$48,000 | $157,000 |
| Employment History |
1 | $70,000 |
$70,000 | $70,000 |
$30,000 | $30,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $135,000 |
$135,000 | $135,000 |
$40,000 | $40,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
6 | $502,000 |
$83,000 | $209,000 |
$107,000 | $200,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for CARVER FEDERAL SAVINGS BANK by:
Metropolitan Area And
County
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