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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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CHOICE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
CHOICE BANK |
| Address | 15190 N. HAYDEN ROAD
SCOTTSDALE, AZ 85260 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 119 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $56,993,000 |
| Average Mortgage Loan Amount Applied For | $343,714 |
| Highest Mortgage Loan Amount Applied For | $3,860,000 |
| Average Applicant Income | $99,857 |
| Highest Applicant Income | $1,200,000 |
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| Home Improvement |
1 | $992,000 |
$992,000 | $992,000 |
$216,000 | $216,000 |
| Home Purchase |
87 | $40,408,000 |
$464,000 | $3,860,000 |
$141,000 | $960,000 |
| Refinancing |
31 | $15,593,000 |
$503,000 | $1,850,000 |
$170,000 | $1,200,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $327,000 |
$163,000 | $208,000 |
$11,000 | $23,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
8 | $1,402,000 |
$175,000 | $300,000 |
$72,000 | $235,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
5 | $1,371,000 |
$274,000 | $398,000 |
$0 | $0 |
| Not Provided |
3 | $1,385,000 |
$461,000 | $760,000 |
$216,000 | $219,000 |
| White |
101 | $52,508,000 |
$519,000 | $3,860,000 |
$163,000 | $1,200,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
119 | $56,993,000 |
$478,000 | $3,860,000 |
$149,000 | $1,200,000 |
| 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 |
3 | $690,000 |
$230,000 | $383,000 |
$80,000 | $115,000 |
| Application Denied By Financial Institution |
2 | $1,950,000 |
$975,000 | $1,850,000 |
$613,000 | $1,200,000 |
| Application Withdrawn By Applicant |
58 | $19,451,000 |
$335,000 | $1,559,000 |
$127,000 | $900,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
56 | $34,902,000 |
$623,000 | $3,860,000 |
$159,000 | $960,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $100,000 |
$100,000 | $100,000 |
$26,000 | $26,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for CHOICE BANK by:
Metropolitan Area And
County
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