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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 BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST BANK |
| Address | 560 ANGLUM ROAD
HAZELWOOD, MO 63179 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 22,720 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $4,370,655,000 |
| Average Mortgage Loan Amount Applied For | $141,999 |
| Highest Mortgage Loan Amount Applied For | $4,200,000 |
| Average Applicant Income | $78,872 |
| Highest Applicant Income | $9,467,000 |
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| Home Improvement |
2,729 | $514,854,000 |
$188,000 | $1,560,000 |
$85,000 | $965,000 |
| Home Purchase |
11,676 | $2,043,152,000 |
$174,000 | $3,250,000 |
$101,000 | $9,467,000 |
| Refinancing |
8,667 | $1,863,588,000 |
$215,000 | $4,200,000 |
$90,000 | $3,000,000 |
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| American Indian or Alaskan Native |
106 | $22,881,000 |
$215,000 | $1,314,000 |
$117,000 | $480,000 |
| Asian |
1,122 | $315,762,000 |
$281,000 | $1,763,000 |
$133,000 | $1,015,000 |
| Black or African American |
3,050 | $525,103,000 |
$172,000 | $1,500,000 |
$90,000 | $882,000 |
| Hispanic |
6,962 | $1,476,353,000 |
$212,000 | $1,560,000 |
$93,000 | $1,381,000 |
| Native Hawaiin or Other Pacific Islander |
181 | $48,794,000 |
$269,000 | $1,031,000 |
$123,000 | $435,000 |
| Not applicable |
120 | $31,932,000 |
$266,000 | $3,500,000 |
$0 | $0 |
| Not Provided |
2,437 | $418,134,000 |
$171,000 | $2,899,000 |
$88,000 | $3,000,000 |
| White |
9,094 | $1,582,635,000 |
$174,000 | $4,200,000 |
$95,000 | $9,467,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
22,991 | $4,413,736,000 |
$191,000 | $4,200,000 |
$95,000 | $9,467,000 |
| FHA-insured (Federal Housing Administration) |
21 | $2,089,000 |
$99,000 | $221,000 |
$32,000 | $91,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
44 | $4,016,000 |
$91,000 | $185,000 |
$38,000 | $108,000 |
| VA-guaranteed (Veterans Administration) |
16 | $1,753,000 |
$109,000 | $205,000 |
$49,000 | $105,000 |
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| Application Approved But Not Accepted |
3,061 | $617,190,000 |
$201,000 | $1,863,000 |
$96,000 | $1,015,000 |
| Application Denied By Financial Institution |
9,423 | $1,948,319,000 |
$206,000 | $4,200,000 |
$101,000 | $3,000,000 |
| Application Withdrawn By Applicant |
2,040 | $419,771,000 |
$205,000 | $1,500,000 |
$79,000 | $936,000 |
| File Closed For Incompleteness |
37 | $10,145,000 |
$274,000 | $1,040,000 |
$123,000 | $419,000 |
| Loan Originated |
8,147 | $1,372,831,000 |
$168,000 | $3,500,000 |
$92,000 | $9,467,000 |
| Loan Purchased By The Institution |
15 | $2,372,000 |
$158,000 | $650,000 |
$97,000 | $300,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
349 | $50,966,000 |
$146,000 | $1,330,000 |
$62,000 | $712,000 |
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| Collateral |
851 | $168,521,000 |
$198,000 | $4,200,000 |
$118,000 | $3,000,000 |
| Credit Application Incomplete |
8 | $2,293,000 |
$286,000 | $825,000 |
$129,000 | $336,000 |
| Credit History |
4,826 | $902,140,000 |
$186,000 | $1,869,000 |
$90,000 | $1,381,000 |
| Debt-To-Income Ratio |
1,041 | $202,161,000 |
$194,000 | $2,250,000 |
$74,000 | $379,000 |
| Employment History |
176 | $33,610,000 |
$190,000 | $750,000 |
$92,000 | $420,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
101 | $27,857,000 |
$275,000 | $1,763,000 |
$126,000 | $535,000 |
| Mortgage Insurance Denied |
8 | $1,184,000 |
$148,000 | $257,000 |
$50,000 | $106,000 |
| Other |
1,257 | $303,361,000 |
$241,000 | $1,560,000 |
$123,000 | $3,000,000 |
| Unverifiable Information |
1,504 | $358,158,000 |
$238,000 | $1,230,000 |
$120,000 | $882,000 |
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Mortgage Loan App Totals for FIRST BANK by:
Metropolitan Area And
County
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