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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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DISCOVER BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
DISCOVER BANK |
| Address | 502 EAST MARKET STREET
GREENWOOD, DE 19950 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 3,352 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $203,337,000 |
| Average Mortgage Loan Amount Applied For | $44,758 |
| Highest Mortgage Loan Amount Applied For | $500,000 |
| Average Applicant Income | $73,223 |
| Highest Applicant Income | $4,862,000 |
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| Home Improvement |
3,114 | $163,310,000 |
$52,000 | $500,000 |
$77,000 | $4,862,000 |
| Home Purchase |
217 | $37,847,000 |
$174,000 | $334,000 |
$48,000 | $121,000 |
| Refinancing |
21 | $2,180,000 |
$103,000 | $225,000 |
$61,000 | $124,000 |
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| American Indian or Alaskan Native |
22 | $1,438,000 |
$65,000 | $192,000 |
$89,000 | $216,000 |
| Asian |
204 | $16,688,000 |
$81,000 | $500,000 |
$91,000 | $869,000 |
| Black or African American |
225 | $13,537,000 |
$60,000 | $334,000 |
$60,000 | $308,000 |
| Hispanic |
266 | $18,563,000 |
$69,000 | $400,000 |
$81,000 | $1,011,000 |
| Native Hawaiin or Other Pacific Islander |
19 | $968,000 |
$50,000 | $150,000 |
$80,000 | $245,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
491 | $27,420,000 |
$55,000 | $310,000 |
$75,000 | $565,000 |
| White |
2,125 | $124,723,000 |
$58,000 | $500,000 |
$74,000 | $4,862,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
3,250 | $184,758,000 |
$56,000 | $500,000 |
$76,000 | $4,862,000 |
| FHA-insured (Federal Housing Administration) |
59 | $9,963,000 |
$168,000 | $240,000 |
$51,000 | $97,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
43 | $8,616,000 |
$200,000 | $264,000 |
$48,000 | $76,000 |
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| Application Approved But Not Accepted |
329 | $14,544,000 |
$44,000 | $200,000 |
$71,000 | $355,000 |
| Application Denied By Financial Institution |
1,525 | $81,906,000 |
$53,000 | $500,000 |
$74,000 | $4,862,000 |
| Application Withdrawn By Applicant |
292 | $18,938,000 |
$64,000 | $420,000 |
$91,000 | $627,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
978 | $48,554,000 |
$49,000 | $250,000 |
$78,000 | $504,000 |
| Loan Purchased By The Institution |
228 | $39,395,000 |
$172,000 | $334,000 |
$48,000 | $121,000 |
| 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 |
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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for DISCOVER BANK by:
Metropolitan Area And
County
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