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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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CHARTER BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
CHARTER BANK |
| Address | 2130 EUBANK BLVD NE
ALBUQUERQUE, NM 87112 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 7,317 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $1,047,449,000 |
| Average Mortgage Loan Amount Applied For | $133,859 |
| Highest Mortgage Loan Amount Applied For | $1,500,000 |
| Average Applicant Income | $90,718 |
| Highest Applicant Income | $3,242,000 |
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| Home Improvement |
63 | $3,789,000 |
$60,000 | $1,228,000 |
$84,000 | $1,458,000 |
| Home Purchase |
6,142 | $865,062,000 |
$140,000 | $1,500,000 |
$64,000 | $2,577,000 |
| Refinancing |
1,536 | $245,224,000 |
$159,000 | $1,120,000 |
$74,000 | $3,242,000 |
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| American Indian or Alaskan Native |
48 | $6,929,000 |
$144,000 | $417,000 |
$65,000 | $446,000 |
| Asian |
101 | $17,440,000 |
$172,000 | $1,000,000 |
$76,000 | $600,000 |
| Black or African American |
76 | $12,223,000 |
$160,000 | $680,000 |
$63,000 | $229,000 |
| Hispanic |
1,618 | $216,895,000 |
$134,000 | $1,500,000 |
$60,000 | $1,860,000 |
| Native Hawaiin or Other Pacific Islander |
16 | $2,380,000 |
$148,000 | $292,000 |
$58,000 | $205,000 |
| Not applicable |
2,015 | $243,120,000 |
$120,000 | $417,000 |
$58,000 | $1,776,000 |
| Not Provided |
680 | $109,567,000 |
$161,000 | $1,500,000 |
$69,000 | $2,577,000 |
| White |
3,187 | $505,521,000 |
$158,000 | $1,485,000 |
$74,000 | $3,242,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
5,021 | $773,306,000 |
$154,000 | $1,500,000 |
$75,000 | $3,242,000 |
| FHA-insured (Federal Housing Administration) |
2,078 | $238,901,000 |
$114,000 | $293,000 |
$48,000 | $601,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
24 | $2,720,000 |
$113,000 | $195,000 |
$42,000 | $65,000 |
| VA-guaranteed (Veterans Administration) |
618 | $99,148,000 |
$160,000 | $417,000 |
$59,000 | $213,000 |
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| Application Approved But Not Accepted |
227 | $44,109,000 |
$194,000 | $1,200,000 |
$67,000 | $395,000 |
| Application Denied By Financial Institution |
379 | $55,613,000 |
$146,000 | $1,500,000 |
$54,000 | $720,000 |
| Application Withdrawn By Applicant |
727 | $112,689,000 |
$155,000 | $1,120,000 |
$64,000 | $600,000 |
| File Closed For Incompleteness |
1 | $77,000 |
$77,000 | $77,000 |
$0 | $0 |
| Loan Originated |
2,891 | $462,515,000 |
$159,000 | $1,500,000 |
$73,000 | $2,577,000 |
| Loan Purchased By The Institution |
3,398 | $423,242,000 |
$124,000 | $417,000 |
$62,000 | $3,242,000 |
| Preapproval Approved but not Accepted |
7 | $879,000 |
$125,000 | $193,000 |
$67,000 | $98,000 |
| Preapproval Denied by Financial Institution |
111 | $14,951,000 |
$134,000 | $450,000 |
$45,000 | $179,000 |
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| Collateral |
8 | $383,000 |
$47,000 | $74,000 |
$57,000 | $133,000 |
| Credit Application Incomplete |
226 | $35,882,000 |
$158,000 | $900,000 |
$60,000 | $720,000 |
| Credit History |
136 | $16,623,000 |
$122,000 | $265,000 |
$43,000 | $258,000 |
| Debt-To-Income Ratio |
82 | $10,472,000 |
$127,000 | $584,000 |
$37,000 | $185,000 |
| Employment History |
7 | $1,237,000 |
$176,000 | $215,000 |
$91,000 | $144,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
8 | $2,914,000 |
$364,000 | $1,500,000 |
$118,000 | $558,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
22 | $2,934,000 |
$133,000 | $417,000 |
$60,000 | $160,000 |
| Unverifiable Information |
1 | $119,000 |
$119,000 | $119,000 |
$0 | $0 |
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Mortgage Loan App Totals for CHARTER BANK by:
Metropolitan Area And
County
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