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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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COMMERCEBANK, N.A.
Mortgage Loans and Application Details
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| Mortgage Company Name |
COMMERCEBANK, N.A. |
| Address | 220 ALHAMBRA CIRCLE
CORAL GABLES, FL 33134 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 244 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $125,939,000 |
| Average Mortgage Loan Amount Applied For | $734,450 |
| Highest Mortgage Loan Amount Applied For | $21,447,000 |
| Average Applicant Income | $196,250 |
| Highest Applicant Income | $6,000,000 |
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| Home Improvement |
18 | $1,746,000 |
$97,000 | $500,000 |
$97,000 | $347,000 |
| Home Purchase |
128 | $85,746,000 |
$669,000 | $21,447,000 |
$218,000 | $4,726,000 |
| Refinancing |
102 | $40,042,000 |
$392,000 | $8,000,000 |
$141,000 | $6,000,000 |
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| American Indian or Alaskan Native |
2 | $124,000 |
$62,000 | $104,000 |
$59,000 | $75,000 |
| Asian |
13 | $1,778,000 |
$136,000 | $280,000 |
$47,000 | $130,000 |
| Black or African American |
19 | $2,853,000 |
$150,000 | $268,000 |
$38,000 | $55,000 |
| Hispanic |
116 | $43,998,000 |
$379,000 | $2,400,000 |
$244,000 | $6,000,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
37 | $65,870,000 |
$1,780,000 | $21,447,000 |
$130,000 | $1,330,000 |
| Not Provided |
12 | $1,138,000 |
$94,000 | $250,000 |
$61,000 | $347,000 |
| White |
49 | $11,773,000 |
$240,000 | $2,400,000 |
$176,000 | $4,726,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
248 | $127,534,000 |
$514,000 | $21,447,000 |
$177,000 | $6,000,000 |
| 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 | $2,207,000 |
$735,000 | $1,880,000 |
$290,000 | $661,000 |
| Application Denied By Financial Institution |
25 | $8,216,000 |
$328,000 | $2,400,000 |
$120,000 | $1,500,000 |
| Application Withdrawn By Applicant |
14 | $6,846,000 |
$489,000 | $1,480,000 |
$282,000 | $1,000,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
118 | $99,031,000 |
$839,000 | $21,447,000 |
$276,000 | $6,000,000 |
| Loan Purchased By The Institution |
84 | $9,639,000 |
$114,000 | $268,000 |
$37,000 | $55,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
4 | $1,595,000 |
$398,000 | $652,000 |
$108,000 | $173,000 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
1 | $175,000 |
$175,000 | $175,000 |
$121,000 | $121,000 |
| Credit History |
10 | $4,015,000 |
$401,000 | $2,400,000 |
$218,000 | $1,500,000 |
| Debt-To-Income Ratio |
12 | $4,236,000 |
$353,000 | $810,000 |
$72,000 | $173,000 |
| 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 |
3 | $470,000 |
$156,000 | $240,000 |
$32,000 | $73,000 |
| Unverifiable Information |
3 | $915,000 |
$305,000 | $408,000 |
$57,000 | $104,000 |
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Mortgage Loan App Totals for COMMERCEBANK, N.A. by:
Metropolitan Area And
County
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