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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 OF THE AMERICAS
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST BANK OF THE AMERICAS |
| Address | 5310 W CERMAK ROAD
CICERO, IL 60804 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2004 |
| All Data Years | 2003 2004 |
| Total Number of Mortgage Loan Applications Processed | 262 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $40,706,000 |
| Average Mortgage Loan Amount Applied For | $113,222 |
| Highest Mortgage Loan Amount Applied For | $575,000 |
| Average Applicant Income | $40,000 |
| Highest Applicant Income | $408,000 |
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| Home Improvement |
1 | $50,000 |
$50,000 | $50,000 |
$42,000 | $42,000 |
| Home Purchase |
153 | $24,546,000 |
$113,500 | $575,000 |
$36,000 | $408,000 |
| Refinancing |
112 | $16,666,000 |
$148,000 | $512,000 |
$46,000 | $144,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $280,000 |
$280,000 | $280,000 |
$20,000 | $20,000 |
| Black or African American |
1 | $87,000 |
$87,000 | $87,000 |
$33,000 | $33,000 |
| Hispanic |
252 | $39,382,000 |
$121,250 | $575,000 |
$35,750 | $408,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
12 | $1,513,000 |
$115,500 | $240,000 |
$43,000 | $93,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
266 | $41,262,000 |
$111,500 | $575,000 |
$35,500 | $408,000 |
| 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 |
8 | $1,140,000 |
$96,000 | $232,000 |
$30,000 | $48,000 |
| Application Denied By Financial Institution |
20 | $3,897,000 |
$194,000 | $512,000 |
$47,000 | $127,000 |
| Application Withdrawn By Applicant |
28 | $3,745,000 |
$143,500 | $228,000 |
$50,500 | $93,000 |
| File Closed For Incompleteness |
1 | $66,000 |
$66,000 | $66,000 |
$20,000 | $20,000 |
| Loan Originated |
208 | $32,234,000 |
$105,000 | $575,000 |
$35,666 | $408,000 |
| 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 |
1 | $180,000 |
$180,000 | $180,000 |
$28,000 | $28,000 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $180,000 |
$180,000 | $180,000 |
$28,000 | $28,000 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FIRST BANK OF THE AMERICAS by:
Metropolitan Area And
County
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