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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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COLORADO EAST BANK & TRUST
Mortgage Loans and Application Details
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| Mortgage Company Name |
COLORADO EAST BANK & TRUST |
| Address | 100 WEST PEARL
LAMAR, CO 81052 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 121 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $8,918,000 |
| Average Mortgage Loan Amount Applied For | $117,941 |
| Highest Mortgage Loan Amount Applied For | $1,200,000 |
| Average Applicant Income | $55,235 |
| Highest Applicant Income | $320,000 |
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| Home Improvement |
11 | $196,000 |
$17,000 | $45,000 |
$72,000 | $250,000 |
| Home Purchase |
69 | $4,825,000 |
$69,000 | $457,000 |
$52,000 | $320,000 |
| Refinancing |
42 | $3,927,000 |
$93,000 | $1,200,000 |
$49,000 | $115,000 |
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| American Indian or Alaskan Native |
2 | $197,000 |
$98,000 | $160,000 |
$43,000 | $62,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
27 | $1,274,000 |
$47,000 | $131,000 |
$39,000 | $102,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
2 | $1,657,000 |
$828,000 | $1,200,000 |
$0 | $0 |
| Not Provided |
5 | $522,000 |
$104,000 | $203,000 |
$59,000 | $114,000 |
| White |
86 | $5,298,000 |
$61,000 | $240,000 |
$58,000 | $320,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
121 | $7,748,000 |
$64,000 | $457,000 |
$53,000 | $320,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $1,200,000 |
$1,200,000 | $1,200,000 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
34 | $2,038,000 |
$59,000 | $203,000 |
$44,000 | $167,000 |
| Application Withdrawn By Applicant |
5 | $443,000 |
$88,000 | $178,000 |
$55,000 | $72,000 |
| File Closed For Incompleteness |
1 | $65,000 |
$65,000 | $65,000 |
$44,000 | $44,000 |
| Loan Originated |
82 | $6,402,000 |
$78,000 | $1,200,000 |
$56,000 | $320,000 |
| 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 |
5 | $417,000 |
$83,000 | $203,000 |
$69,000 | $114,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
22 | $973,000 |
$44,000 | $98,000 |
$40,000 | $167,000 |
| Debt-To-Income Ratio |
3 | $307,000 |
$102,000 | $160,000 |
$29,000 | $36,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $56,000 |
$56,000 | $56,000 |
$18,000 | $18,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
3 | $285,000 |
$95,000 | $130,000 |
$57,000 | $84,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for COLORADO EAST BANK & TRUST by:
Metropolitan Area And
County
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