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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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COMPASS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
COMPASS BANK |
| Address | 15 SOUTH 20TH STREET (AL-BI-CH-CMP)
BIRMINGHAM, AL 35233 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 13,233 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $2,109,587,000 |
| Average Mortgage Loan Amount Applied For | $328,963 |
| Highest Mortgage Loan Amount Applied For | $30,000,000 |
| Average Applicant Income | $135,619 |
| Highest Applicant Income | $6,250,000 |
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| Home Improvement |
4,216 | $186,609,000 |
$44,000 | $30,000,000 |
$88,000 | $3,360,000 |
| Home Purchase |
5,059 | $1,099,669,000 |
$217,000 | $24,650,000 |
$124,000 | $6,250,000 |
| Refinancing |
3,958 | $823,309,000 |
$208,000 | $5,000,000 |
$115,000 | $4,000,000 |
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| American Indian or Alaskan Native |
49 | $4,210,000 |
$85,000 | $421,000 |
$73,000 | $250,000 |
| Asian |
216 | $41,876,000 |
$193,000 | $1,249,000 |
$145,000 | $2,810,000 |
| Black or African American |
844 | $85,778,000 |
$101,000 | $1,106,000 |
$87,000 | $6,250,000 |
| Hispanic |
899 | $120,892,000 |
$134,000 | $2,650,000 |
$97,000 | $3,360,000 |
| Native Hawaiin or Other Pacific Islander |
36 | $5,695,000 |
$158,000 | $417,000 |
$127,000 | $408,000 |
| Not applicable |
83 | $139,803,000 |
$1,684,000 | $30,000,000 |
$12,000 | $900,000 |
| Not Provided |
4,211 | $332,807,000 |
$79,000 | $3,500,000 |
$94,000 | $2,352,000 |
| White |
6,895 | $1,378,526,000 |
$199,000 | $4,000,000 |
$125,000 | $4,000,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
12,983 | $2,077,000,000 |
$159,000 | $30,000,000 |
$111,000 | $6,250,000 |
| FHA-insured (Federal Housing Administration) |
177 | $21,264,000 |
$120,000 | $286,000 |
$56,000 | $174,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $15,000 |
$15,000 | $15,000 |
$564,000 | $564,000 |
| VA-guaranteed (Veterans Administration) |
72 | $11,308,000 |
$157,000 | $362,000 |
$71,000 | $300,000 |
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| Application Approved But Not Accepted |
415 | $89,167,000 |
$214,000 | $1,178,000 |
$122,000 | $1,620,000 |
| Application Denied By Financial Institution |
3,215 | $209,423,000 |
$65,000 | $24,650,000 |
$72,000 | $1,966,000 |
| Application Withdrawn By Applicant |
1,715 | $275,525,000 |
$160,000 | $3,200,000 |
$110,000 | $3,600,000 |
| File Closed For Incompleteness |
402 | $63,271,000 |
$157,000 | $1,500,000 |
$106,000 | $1,669,000 |
| Loan Originated |
7,432 | $1,467,195,000 |
$197,000 | $30,000,000 |
$127,000 | $6,250,000 |
| Loan Purchased By The Institution |
54 | $5,006,000 |
$92,000 | $148,000 |
$47,000 | $222,000 |
| 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 |
252 | $20,372,000 |
$80,000 | $1,850,000 |
$113,000 | $1,230,000 |
| Credit Application Incomplete |
3 | $155,000 |
$51,000 | $70,000 |
$132,000 | $165,000 |
| Credit History |
2,244 | $89,593,000 |
$39,000 | $1,500,000 |
$69,000 | $1,966,000 |
| Debt-To-Income Ratio |
521 | $37,662,000 |
$72,000 | $1,280,000 |
$54,000 | $412,000 |
| Employment History |
43 | $4,289,000 |
$99,000 | $300,000 |
$86,000 | $261,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
9 | $1,102,000 |
$122,000 | $225,000 |
$53,000 | $115,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
126 | $52,148,000 |
$413,000 | $24,650,000 |
$104,000 | $960,000 |
| Unverifiable Information |
17 | $4,102,000 |
$241,000 | $1,600,000 |
$150,000 | $900,000 |
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Mortgage Loan App Totals for COMPASS BANK by:
Metropolitan Area And
County
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