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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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FIRST AMERICAN BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST AMERICAN BANK |
| Address | 324 W MAIN, P O BOX 1560
PURCELL, OK 73080 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 704 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $53,637,000 |
| Average Mortgage Loan Amount Applied For | $76,433 |
| Highest Mortgage Loan Amount Applied For | $3,340,000 |
| Average Applicant Income | $55,733 |
| Highest Applicant Income | $538,000 |
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| Home Improvement |
59 | $1,751,000 |
$29,000 | $238,000 |
$45,000 | $199,000 |
| Home Purchase |
320 | $26,727,000 |
$83,000 | $520,000 |
$59,000 | $538,000 |
| Refinancing |
328 | $25,388,000 |
$77,000 | $3,340,000 |
$50,000 | $282,000 |
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| American Indian or Alaskan Native |
19 | $1,013,000 |
$53,000 | $262,000 |
$43,000 | $80,000 |
| Asian |
9 | $1,029,000 |
$114,000 | $215,000 |
$92,000 | $282,000 |
| Black or African American |
5 | $70,000 |
$14,000 | $25,000 |
$46,000 | $71,000 |
| Hispanic |
20 | $1,184,000 |
$59,000 | $238,000 |
$48,000 | $183,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $73,000 |
$73,000 | $73,000 |
$84,000 | $84,000 |
| Not applicable |
40 | $7,350,000 |
$183,000 | $3,340,000 |
$0 | $0 |
| Not Provided |
3 | $195,000 |
$65,000 | $95,000 |
$4,000 | $12,000 |
| White |
610 | $42,952,000 |
$70,000 | $723,000 |
$58,000 | $538,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
668 | $50,457,000 |
$75,000 | $3,340,000 |
$54,000 | $538,000 |
| FHA-insured (Federal Housing Administration) |
33 | $2,693,000 |
$81,000 | $146,000 |
$45,000 | $151,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
6 | $716,000 |
$119,000 | $160,000 |
$46,000 | $96,000 |
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| Application Approved But Not Accepted |
2 | $83,000 |
$41,000 | $71,000 |
$24,000 | $29,000 |
| Application Denied By Financial Institution |
80 | $5,397,000 |
$67,000 | $319,000 |
$57,000 | $252,000 |
| Application Withdrawn By Applicant |
73 | $7,609,000 |
$104,000 | $482,000 |
$59,000 | $538,000 |
| File Closed For Incompleteness |
5 | $329,000 |
$65,000 | $95,000 |
$28,000 | $50,000 |
| Loan Originated |
547 | $40,448,000 |
$73,000 | $3,340,000 |
$53,000 | $538,000 |
| 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 |
13 | $1,211,000 |
$93,000 | $306,000 |
$75,000 | $225,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
44 | $2,235,000 |
$50,000 | $130,000 |
$43,000 | $106,000 |
| Debt-To-Income Ratio |
12 | $988,000 |
$82,000 | $150,000 |
$56,000 | $165,000 |
| Employment History |
2 | $58,000 |
$29,000 | $53,000 |
$41,000 | $61,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $249,000 |
$83,000 | $129,000 |
$54,000 | $93,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
4 | $312,000 |
$78,000 | $120,000 |
$139,000 | $252,000 |
| Unverifiable Information |
1 | $319,000 |
$319,000 | $319,000 |
$223,000 | $223,000 |
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Mortgage Loan App Totals for FIRST AMERICAN BANK by:
Metropolitan Area And
County
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