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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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DOMESTIC BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
DOMESTIC BANK |
| Address | 815 RESERVOIR AVE
CRANSTON, RI 02910 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 3,239 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $361,806,000 |
| Average Mortgage Loan Amount Applied For | $85,287 |
| Highest Mortgage Loan Amount Applied For | $1,715,000 |
| Average Applicant Income | $71,271 |
| Highest Applicant Income | $1,278,000 |
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| Home Improvement |
1,609 | $36,383,000 |
$22,000 | $1,000,000 |
$65,000 | $1,278,000 |
| Home Purchase |
822 | $143,023,000 |
$173,000 | $1,715,000 |
$106,000 | $666,000 |
| Refinancing |
808 | $182,400,000 |
$225,000 | $1,715,000 |
$78,000 | $774,000 |
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| American Indian or Alaskan Native |
4 | $352,000 |
$88,000 | $300,000 |
$61,000 | $105,000 |
| Asian |
79 | $12,258,000 |
$155,000 | $688,000 |
$79,000 | $546,000 |
| Black or African American |
656 | $69,533,000 |
$105,000 | $960,000 |
$83,000 | $666,000 |
| Hispanic |
372 | $56,782,000 |
$152,000 | $1,125,000 |
$72,000 | $500,000 |
| Native Hawaiin or Other Pacific Islander |
16 | $4,110,000 |
$256,000 | $713,000 |
$91,000 | $300,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
339 | $48,997,000 |
$144,000 | $1,715,000 |
$108,000 | $660,000 |
| White |
1,773 | $169,774,000 |
$95,000 | $1,365,000 |
$73,000 | $1,278,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,774 | $332,138,000 |
$187,000 | $1,715,000 |
$92,000 | $1,278,000 |
| FHA-insured (Federal Housing Administration) |
1,465 | $29,668,000 |
$20,000 | $330,000 |
$62,000 | $360,000 |
| 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 |
418 | $34,670,000 |
$82,000 | $1,715,000 |
$72,000 | $660,000 |
| Application Denied By Financial Institution |
466 | $85,495,000 |
$183,000 | $1,125,000 |
$109,000 | $666,000 |
| Application Withdrawn By Applicant |
547 | $70,859,000 |
$129,000 | $1,000,000 |
$81,000 | $1,278,000 |
| File Closed For Incompleteness |
8 | $2,482,000 |
$310,000 | $975,000 |
$108,000 | $310,000 |
| Loan Originated |
1,800 | $168,300,000 |
$93,000 | $1,365,000 |
$71,000 | $648,000 |
| 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 |
104 | $20,862,000 |
$200,000 | $1,125,000 |
$127,000 | $560,000 |
| Credit Application Incomplete |
5 | $656,000 |
$131,000 | $280,000 |
$106,000 | $351,000 |
| Credit History |
109 | $19,033,000 |
$174,000 | $975,000 |
$68,000 | $315,000 |
| Debt-To-Income Ratio |
104 | $17,079,000 |
$164,000 | $1,125,000 |
$107,000 | $666,000 |
| Employment History |
17 | $2,935,000 |
$172,000 | $400,000 |
$98,000 | $356,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
5 | $919,000 |
$183,000 | $304,000 |
$209,000 | $324,000 |
| Mortgage Insurance Denied |
6 | $1,340,000 |
$223,000 | $361,000 |
$59,000 | $220,000 |
| Other |
95 | $18,610,000 |
$195,000 | $960,000 |
$141,000 | $540,000 |
| Unverifiable Information |
21 | $4,061,000 |
$193,000 | $612,000 |
$87,000 | $254,000 |
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Mortgage Loan App Totals for DOMESTIC BANK by:
Metropolitan Area And
County
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