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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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EXTRACO MORTGAGE
Mortgage Loans and Application Details
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| Mortgage Company Name |
EXTRACO MORTGAGE |
| Address | 7503 BOSQUE BLVD
WACO, TX 76712 |
| 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 | 1,683 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $195,830,000 |
| Average Mortgage Loan Amount Applied For | $114,745 |
| Highest Mortgage Loan Amount Applied For | $780,000 |
| Average Applicant Income | $75,209 |
| Highest Applicant Income | $1,761,000 |
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| Home Improvement |
115 | $5,009,000 |
$43,000 | $200,000 |
$82,000 | $360,000 |
| Home Purchase |
1,482 | $177,596,000 |
$119,000 | $780,000 |
$78,000 | $1,761,000 |
| Refinancing |
211 | $25,009,000 |
$118,000 | $434,000 |
$73,000 | $356,000 |
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| American Indian or Alaskan Native |
9 | $904,000 |
$100,000 | $199,000 |
$59,000 | $113,000 |
| Asian |
25 | $2,570,000 |
$102,000 | $203,000 |
$63,000 | $165,000 |
| Black or African American |
65 | $7,501,000 |
$115,000 | $340,000 |
$60,000 | $139,000 |
| Hispanic |
219 | $22,822,000 |
$104,000 | $417,000 |
$68,000 | $975,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $255,000 |
$127,000 | $173,000 |
$77,000 | $88,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
21 | $1,872,000 |
$89,000 | $285,000 |
$49,000 | $113,000 |
| White |
1,467 | $171,690,000 |
$117,000 | $780,000 |
$81,000 | $1,761,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,382 | $157,340,000 |
$113,000 | $780,000 |
$84,000 | $1,761,000 |
| FHA-insured (Federal Housing Administration) |
281 | $29,561,000 |
$105,000 | $285,000 |
$55,000 | $305,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
145 | $20,713,000 |
$142,000 | $400,000 |
$62,000 | $188,000 |
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| Application Approved But Not Accepted |
14 | $1,798,000 |
$128,000 | $304,000 |
$60,000 | $206,000 |
| Application Denied By Financial Institution |
94 | $8,131,000 |
$86,000 | $376,000 |
$55,000 | $167,000 |
| Application Withdrawn By Applicant |
145 | $15,002,000 |
$103,000 | $434,000 |
$76,000 | $318,000 |
| File Closed For Incompleteness |
8 | $293,000 |
$36,000 | $74,000 |
$107,000 | $195,000 |
| Loan Originated |
1,421 | $170,437,000 |
$119,000 | $780,000 |
$83,000 | $1,761,000 |
| Loan Purchased By The Institution |
1 | $169,000 |
$169,000 | $169,000 |
$51,000 | $51,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
125 | $11,784,000 |
$94,000 | $285,000 |
$45,000 | $114,000 |
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| Collateral |
23 | $2,618,000 |
$113,000 | $376,000 |
$61,000 | $167,000 |
| Credit Application Incomplete |
4 | $146,000 |
$36,000 | $85,000 |
$93,000 | $140,000 |
| Credit History |
98 | $8,503,000 |
$86,000 | $285,000 |
$49,000 | $114,000 |
| Debt-To-Income Ratio |
65 | $6,008,000 |
$92,000 | $223,000 |
$42,000 | $136,000 |
| Employment History |
4 | $375,000 |
$93,000 | $140,000 |
$46,000 | $85,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
5 | $405,000 |
$81,000 | $124,000 |
$29,000 | $40,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
12 | $908,000 |
$75,000 | $184,000 |
$67,000 | $108,000 |
| Unverifiable Information |
8 | $952,000 |
$119,000 | $165,000 |
$52,000 | $146,000 |
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Mortgage Loan App Totals for EXTRACO MORTGAGE by:
Metropolitan Area And
County
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