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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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FAR WEST BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
FAR WEST BANK |
| Address | 201 EAST CENTER STREET
PROVO, UT 84606 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 642 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $99,562,000 |
| Average Mortgage Loan Amount Applied For | $174,129 |
| Highest Mortgage Loan Amount Applied For | $1,500,000 |
| Average Applicant Income | $116,516 |
| Highest Applicant Income | $1,803,000 |
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| Home Improvement |
44 | $1,798,000 |
$40,000 | $150,000 |
$72,000 | $438,000 |
| Home Purchase |
294 | $40,800,000 |
$138,000 | $900,000 |
$95,000 | $954,000 |
| Refinancing |
306 | $57,122,000 |
$186,000 | $1,500,000 |
$101,000 | $1,803,000 |
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| American Indian or Alaskan Native |
2 | $173,000 |
$86,000 | $92,000 |
$31,000 | $31,000 |
| Asian |
3 | $686,000 |
$228,000 | $346,000 |
$86,000 | $150,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
26 | $2,903,000 |
$111,000 | $486,000 |
$50,000 | $168,000 |
| Native Hawaiin or Other Pacific Islander |
4 | $698,000 |
$174,000 | $329,000 |
$82,000 | $107,000 |
| Not applicable |
10 | $2,029,000 |
$202,000 | $650,000 |
$9,000 | $96,000 |
| Not Provided |
20 | $4,361,000 |
$218,000 | $600,000 |
$118,000 | $387,000 |
| White |
579 | $88,870,000 |
$153,000 | $1,500,000 |
$99,000 | $1,803,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
627 | $97,044,000 |
$154,000 | $1,500,000 |
$96,000 | $1,803,000 |
| FHA-insured (Federal Housing Administration) |
14 | $2,179,000 |
$155,000 | $197,000 |
$107,000 | $580,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $112,000 |
$112,000 | $112,000 |
$36,000 | $36,000 |
| VA-guaranteed (Veterans Administration) |
2 | $385,000 |
$192,000 | $212,000 |
$65,000 | $65,000 |
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| Application Approved But Not Accepted |
43 | $7,316,000 |
$170,000 | $548,000 |
$119,000 | $360,000 |
| Application Denied By Financial Institution |
49 | $4,656,000 |
$95,000 | $220,000 |
$47,000 | $188,000 |
| Application Withdrawn By Applicant |
65 | $7,204,000 |
$110,000 | $380,000 |
$67,000 | $480,000 |
| File Closed For Incompleteness |
1 | $40,000 |
$40,000 | $40,000 |
$98,000 | $98,000 |
| Loan Originated |
486 | $80,504,000 |
$165,000 | $1,500,000 |
$103,000 | $1,803,000 |
| 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 | $272,000 |
$136,000 | $175,000 |
$65,000 | $84,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
11 | $1,421,000 |
$129,000 | $220,000 |
$58,000 | $180,000 |
| Debt-To-Income Ratio |
6 | $676,000 |
$112,000 | $180,000 |
$36,000 | $56,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $169,000 |
$84,000 | $120,000 |
$48,000 | $53,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
4 | $455,000 |
$113,000 | $187,000 |
$65,000 | $106,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FAR WEST BANK by:
Metropolitan Area And
County
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