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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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CONGRESSIONAL BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
CONGRESSIONAL BANK |
| Address | 11325 SEVEN LOCKS ROAD, SUITE 222
POTOMAC, MD 20854 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 25 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $20,475,000 |
| Average Mortgage Loan Amount Applied For | $520,600 |
| Highest Mortgage Loan Amount Applied For | $4,000,000 |
| Average Applicant Income | $299,300 |
| Highest Applicant Income | $5,376,000 |
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| Home Improvement |
2 | $1,410,000 |
$705,000 | $960,000 |
$250,000 | $318,000 |
| Home Purchase |
9 | $5,369,000 |
$596,000 | $1,684,000 |
$965,000 | $5,376,000 |
| Refinancing |
14 | $13,696,000 |
$978,000 | $4,000,000 |
$571,000 | $2,362,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
2 | $899,000 |
$449,000 | $609,000 |
$219,000 | $280,000 |
| White |
23 | $19,576,000 |
$851,000 | $4,000,000 |
$728,000 | $5,376,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
25 | $20,475,000 |
$819,000 | $4,000,000 |
$687,000 | $5,376,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
6 | $7,583,000 |
$1,263,000 | $4,000,000 |
$771,000 | $2,362,000 |
| Application Withdrawn By Applicant |
2 | $1,700,000 |
$850,000 | $1,100,000 |
$2,966,000 | $5,376,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
17 | $11,192,000 |
$658,000 | $3,900,000 |
$389,000 | $2,362,000 |
| 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 |
2 | $649,000 |
$324,000 | $450,000 |
$95,000 | $144,000 |
| Credit Application Incomplete |
1 | $960,000 |
$960,000 | $960,000 |
$318,000 | $318,000 |
| Credit History |
1 | $290,000 |
$290,000 | $290,000 |
$159,000 | $159,000 |
| 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 | $4,000,000 |
$4,000,000 | $4,000,000 |
$2,362,000 | $2,362,000 |
| Unverifiable Information |
1 | $1,684,000 |
$1,684,000 | $1,684,000 |
$1,600,000 | $1,600,000 |
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Mortgage Loan App Totals for CONGRESSIONAL BANK by:
Metropolitan Area And
County
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