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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 ARIZONA SAVINGS, FSB
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST ARIZONA SAVINGS, FSB |
| Address | 17015 N SCOTTSDALE ROAD #150
SCOTTSDALE, AZ 85255 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 265 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $123,366,000 |
| Average Mortgage Loan Amount Applied For | $452,375 |
| Highest Mortgage Loan Amount Applied For | $2,500,000 |
| Average Applicant Income | $138,000 |
| Highest Applicant Income | $1,330,000 |
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| Home Improvement |
26 | $5,708,000 |
$219,000 | $1,390,000 |
$77,000 | $330,000 |
| Home Purchase |
157 | $90,811,000 |
$578,000 | $2,460,000 |
$149,000 | $1,330,000 |
| Refinancing |
82 | $26,847,000 |
$327,000 | $2,500,000 |
$91,000 | $360,000 |
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| American Indian or Alaskan Native |
2 | $310,000 |
$155,000 | $210,000 |
$47,000 | $48,000 |
| Asian |
6 | $2,019,000 |
$336,000 | $750,000 |
$128,000 | $276,000 |
| Black or African American |
6 | $3,155,000 |
$525,000 | $1,220,000 |
$48,000 | $166,000 |
| Hispanic |
8 | $2,394,000 |
$299,000 | $415,000 |
$105,000 | $211,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
52 | $34,411,000 |
$661,000 | $2,460,000 |
$135,000 | $498,000 |
| White |
191 | $81,077,000 |
$424,000 | $2,500,000 |
$125,000 | $1,330,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
265 | $123,366,000 |
$465,000 | $2,500,000 |
$124,000 | $1,330,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
6 | $2,769,000 |
$461,000 | $600,000 |
$62,000 | $166,000 |
| Application Denied By Financial Institution |
21 | $9,535,000 |
$454,000 | $2,460,000 |
$132,000 | $498,000 |
| Application Withdrawn By Applicant |
32 | $13,939,000 |
$435,000 | $2,500,000 |
$76,000 | $252,000 |
| File Closed For Incompleteness |
1 | $207,000 |
$207,000 | $207,000 |
$180,000 | $180,000 |
| Loan Originated |
205 | $96,916,000 |
$472,000 | $2,000,000 |
$132,000 | $1,330,000 |
| 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 |
1 | $925,000 |
$925,000 | $925,000 |
$288,000 | $288,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
10 | $2,344,000 |
$234,000 | $520,000 |
$71,000 | $154,000 |
| Debt-To-Income Ratio |
3 | $1,140,000 |
$380,000 | $743,000 |
$86,000 | $180,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $123,000 |
$123,000 | $123,000 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
6 | $5,003,000 |
$833,000 | $2,460,000 |
$255,000 | $498,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FIRST ARIZONA SAVINGS, FSB by:
Metropolitan Area And
County
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