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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 NIAGARA BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST NIAGARA BANK |
| Address | 6950 SOUTH TRANSIT ROAD
LOCKPORT, NY 14094 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 6,206 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $713,262,000 |
| Average Mortgage Loan Amount Applied For | $288,000 |
| Highest Mortgage Loan Amount Applied For | $18,500,000 |
| Average Applicant Income | $130,598 |
| Highest Applicant Income | $4,459,000 |
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| Home Improvement |
1,846 | $56,381,000 |
$30,000 | $649,000 |
$69,000 | $1,730,000 |
| Home Purchase |
2,295 | $400,343,000 |
$174,000 | $8,380,000 |
$94,000 | $3,766,000 |
| Refinancing |
2,068 | $257,087,000 |
$124,000 | $18,500,000 |
$83,000 | $4,459,000 |
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| American Indian or Alaskan Native |
16 | $1,115,000 |
$69,000 | $160,000 |
$90,000 | $302,000 |
| Asian |
80 | $15,626,000 |
$195,000 | $1,000,000 |
$119,000 | $687,000 |
| Black or African American |
84 | $6,594,000 |
$78,000 | $1,000,000 |
$67,000 | $546,000 |
| Hispanic |
86 | $7,848,000 |
$91,000 | $360,000 |
$61,000 | $247,000 |
| Native Hawaiin or Other Pacific Islander |
13 | $1,555,000 |
$119,000 | $410,000 |
$61,000 | $94,000 |
| Not applicable |
85 | $118,271,000 |
$1,391,000 | $18,500,000 |
$45,000 | $3,766,000 |
| Not Provided |
217 | $11,726,000 |
$54,000 | $770,000 |
$79,000 | $1,238,000 |
| White |
5,628 | $551,076,000 |
$97,000 | $3,000,000 |
$84,000 | $4,459,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
6,055 | $698,284,000 |
$115,000 | $18,500,000 |
$84,000 | $4,459,000 |
| FHA-insured (Federal Housing Administration) |
130 | $13,090,000 |
$100,000 | $198,000 |
$53,000 | $244,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
24 | $2,437,000 |
$101,000 | $221,000 |
$43,000 | $102,000 |
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| Application Approved But Not Accepted |
414 | $37,426,000 |
$90,000 | $1,000,000 |
$87,000 | $2,591,000 |
| Application Denied By Financial Institution |
843 | $37,511,000 |
$44,000 | $650,000 |
$55,000 | $576,000 |
| Application Withdrawn By Applicant |
32 | $4,396,000 |
$137,000 | $599,000 |
$118,000 | $1,402,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
4,917 | $633,929,000 |
$128,000 | $18,500,000 |
$87,000 | $4,459,000 |
| 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 |
3 | $549,000 |
$183,000 | $400,000 |
$75,000 | $120,000 |
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| Collateral |
68 | $4,766,000 |
$70,000 | $315,000 |
$69,000 | $291,000 |
| Credit Application Incomplete |
1 | $44,000 |
$44,000 | $44,000 |
$360,000 | $360,000 |
| Credit History |
507 | $16,670,000 |
$32,000 | $270,000 |
$56,000 | $576,000 |
| Debt-To-Income Ratio |
186 | $11,440,000 |
$61,000 | $650,000 |
$47,000 | $208,000 |
| Employment History |
4 | $378,000 |
$94,000 | $257,000 |
$53,000 | $126,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $209,000 |
$69,000 | $86,000 |
$41,000 | $43,000 |
| Mortgage Insurance Denied |
28 | $1,479,000 |
$52,000 | $140,000 |
$48,000 | $135,000 |
| Other |
46 | $2,774,000 |
$60,000 | $281,000 |
$58,000 | $251,000 |
| Unverifiable Information |
3 | $300,000 |
$100,000 | $200,000 |
$65,000 | $96,000 |
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Mortgage Loan App Totals for FIRST NIAGARA BANK by:
Metropolitan Area And
County
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