| $3,446,236,491 in Mortgage Loans Applied for in 2008 from 17,391,570 Applications |
|
|
|
|
|
|
CHARTER ONE BANK
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
CHARTER ONE BANK |
| Address | 1215 SUPERIOR AVE
CLEVELAND, OH 44114 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2005 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 29,974 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $3,362,533,000 |
| Average Mortgage Loan Amount Applied For | $190,106 |
| Highest Mortgage Loan Amount Applied For | $28,000,000 |
| Average Applicant Income | $65,678 |
| Highest Applicant Income | $3,250,000 |
|
|
|
| Home Improvement |
6,841 | $267,802,000 |
$77,142 | $3,500,000 |
$74,500 | $1,704,000 |
| Home Purchase |
6,421 | $995,934,000 |
$257,045 | $4,000,000 |
$67,500 | $3,250,000 |
| Refinancing |
16,713 | $2,098,832,000 |
$462,500 | $28,000,000 |
$52,022 | $2,913,000 |
|
| American Indian or Alaskan Native |
142 | $11,359,000 |
$88,272 | $610,000 |
$65,363 | $378,000 |
| Asian |
754 | $85,911,000 |
$149,541 | $1,000,000 |
$80,541 | $690,000 |
| Black or African American |
2,860 | $195,566,000 |
$119,565 | $720,000 |
$61,913 | $990,000 |
| Hispanic |
1,520 | $124,852,000 |
$122,227 | $764,000 |
$62,136 | $1,000,000 |
| Native Hawaiin or Other Pacific Islander |
79 | $8,882,000 |
$154,888 | $1,000,000 |
$64,000 | $566,000 |
| Not applicable |
977 | $487,247,000 |
$718,688 | $28,000,000 |
$0 | $0 |
| Not Provided |
2,450 | $244,335,000 |
$144,656 | $3,360,000 |
$101,062 | $2,913,000 |
| White |
21,193 | $2,204,416,000 |
$163,837 | $3,500,000 |
$108,918 | $3,250,000 |
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
29,974 | $3,362,536,000 |
$291,021 | $28,000,000 |
$63,425 | $3,250,000 |
| 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) |
1 | $32,000 |
$32,000 | $32,000 |
$0 | $0 |
|
| Application Approved But Not Accepted |
1,562 | $112,845,000 |
$99,000 | $1,280,000 |
$66,400 | $2,181,000 |
| Application Denied By Financial Institution |
8,438 | $586,180,000 |
$109,000 | $3,500,000 |
$72,612 | $1,086,000 |
| Application Withdrawn By Applicant |
108 | $13,376,000 |
$116,625 | $910,000 |
$51,500 | $705,000 |
| File Closed For Incompleteness |
3,258 | $446,356,000 |
$122,500 | $757,000 |
$81,500 | $1,704,000 |
| Loan Originated |
12,928 | $1,306,672,000 |
$757,666 | $28,000,000 |
$61,533 | $1,408,000 |
| Loan Purchased By The Institution |
3,681 | $897,139,000 |
$347,133 | $2,475,000 |
$59,755 | $3,250,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
| Collateral |
1,412 | $114,872,000 |
$113,411 | $500,000 |
$66,529 | $880,000 |
| Credit Application Incomplete |
41 | $3,008,000 |
$95,166 | $300,000 |
$69,500 | $550,000 |
| Credit History |
4,266 | $260,311,000 |
$103,000 | $658,000 |
$78,269 | $1,086,000 |
| Debt-To-Income Ratio |
1,685 | $126,456,000 |
$103,000 | $3,500,000 |
$57,272 | $360,000 |
| Employment History |
67 | $4,939,000 |
$91,000 | $235,000 |
$45,100 | $105,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $125,000 |
$125,000 | $125,000 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
811 | $72,989,000 |
$128,318 | $640,000 |
$83,318 | $552,000 |
| Unverifiable Information |
155 | $3,480,000 |
$43,285 | $500,000 |
$44,428 | $237,000 |
|
Mortgage Loan Application Totals for CHARTER ONE BANK by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2010 AllMortgageDetail.com All rights reserved.
|
|