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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 NEW MEXICO BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST NEW MEXICO BANK |
| Address | 3000 E. LOHMAN AVE
LAS CRUCES, NM 88011 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 650 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $61,934,000 |
| Average Mortgage Loan Amount Applied For | $83,666 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $207,466 |
| Highest Applicant Income | $2,158,000 |
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| Home Improvement |
36 | $1,107,000 |
$30,000 | $300,000 |
$34,000 | $91,000 |
| Home Purchase |
402 | $39,260,000 |
$97,000 | $417,000 |
$68,000 | $2,158,000 |
| Refinancing |
225 | $22,389,000 |
$99,000 | $1,000,000 |
$55,000 | $462,000 |
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| American Indian or Alaskan Native |
3 | $339,000 |
$113,000 | $158,000 |
$46,000 | $79,000 |
| Asian |
7 | $1,203,000 |
$171,000 | $300,000 |
$119,000 | $274,000 |
| Black or African American |
1 | $91,000 |
$91,000 | $91,000 |
$28,000 | $28,000 |
| Hispanic |
340 | $22,548,000 |
$66,000 | $342,000 |
$43,000 | $311,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
3 | $206,000 |
$68,000 | $100,000 |
$0 | $0 |
| Not Provided |
44 | $4,352,000 |
$98,000 | $350,000 |
$65,000 | $544,000 |
| White |
265 | $34,017,000 |
$128,000 | $1,000,000 |
$85,000 | $2,158,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
639 | $59,988,000 |
$93,000 | $1,000,000 |
$62,000 | $2,158,000 |
| FHA-insured (Federal Housing Administration) |
8 | $783,000 |
$97,000 | $149,000 |
$37,000 | $60,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
5 | $544,000 |
$108,000 | $173,000 |
$41,000 | $69,000 |
| VA-guaranteed (Veterans Administration) |
11 | $1,441,000 |
$131,000 | $202,000 |
$54,000 | $99,000 |
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| Application Approved But Not Accepted |
35 | $4,736,000 |
$135,000 | $413,000 |
$74,000 | $311,000 |
| Application Denied By Financial Institution |
123 | $7,446,000 |
$60,000 | $309,000 |
$36,000 | $123,000 |
| Application Withdrawn By Applicant |
33 | $2,972,000 |
$90,000 | $350,000 |
$60,000 | $544,000 |
| File Closed For Incompleteness |
2 | $87,000 |
$43,000 | $67,000 |
$13,000 | $26,000 |
| Loan Originated |
470 | $47,515,000 |
$101,000 | $1,000,000 |
$68,000 | $2,158,000 |
| 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 |
12 | $828,000 |
$69,000 | $154,000 |
$46,000 | $87,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
72 | $3,324,000 |
$46,000 | $184,000 |
$33,000 | $94,000 |
| Debt-To-Income Ratio |
30 | $2,456,000 |
$81,000 | $309,000 |
$35,000 | $121,000 |
| Employment History |
4 | $483,000 |
$120,000 | $254,000 |
$41,000 | $72,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $81,000 |
$40,000 | $41,000 |
$66,000 | $123,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
3 | $274,000 |
$91,000 | $153,000 |
$40,000 | $50,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FIRST NEW MEXICO BANK by:
Metropolitan Area And
County
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