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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 PENN BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST PENN BANK |
| Address | 213 WEST STREET ROAD
FEASTERVILLE, PA 19053 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 957 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $68,076,000 |
| Average Mortgage Loan Amount Applied For | $65,092 |
| Highest Mortgage Loan Amount Applied For | $2,176,000 |
| Average Applicant Income | $60,523 |
| Highest Applicant Income | $1,542,000 |
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| Home Improvement |
310 | $17,123,000 |
$55,000 | $2,176,000 |
$80,000 | $1,542,000 |
| Home Purchase |
492 | $37,687,000 |
$76,000 | $1,350,000 |
$54,000 | $420,000 |
| Refinancing |
155 | $13,266,000 |
$85,000 | $1,400,000 |
$87,000 | $731,000 |
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| American Indian or Alaskan Native |
2 | $129,000 |
$64,000 | $78,000 |
$73,000 | $121,000 |
| Asian |
56 | $5,306,000 |
$94,000 | $371,000 |
$58,000 | $164,000 |
| Black or African American |
69 | $5,263,000 |
$76,000 | $360,000 |
$67,000 | $165,000 |
| Hispanic |
16 | $1,472,000 |
$92,000 | $450,000 |
$81,000 | $324,000 |
| Native Hawaiin or Other Pacific Islander |
3 | $213,000 |
$71,000 | $156,000 |
$75,000 | $89,000 |
| Not applicable |
11 | $4,079,000 |
$370,000 | $1,350,000 |
$0 | $0 |
| Not Provided |
25 | $1,492,000 |
$59,000 | $175,000 |
$91,000 | $220,000 |
| White |
775 | $50,122,000 |
$64,000 | $2,176,000 |
$68,000 | $1,542,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
957 | $68,076,000 |
$71,000 | $2,176,000 |
$68,000 | $1,542,000 |
| 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 |
179 | $11,945,000 |
$66,000 | $500,000 |
$63,000 | $420,000 |
| Application Denied By Financial Institution |
184 | $12,689,000 |
$68,000 | $450,000 |
$59,000 | $324,000 |
| Application Withdrawn By Applicant |
13 | $973,000 |
$74,000 | $272,000 |
$61,000 | $200,000 |
| File Closed For Incompleteness |
2 | $123,000 |
$61,000 | $63,000 |
$130,000 | $211,000 |
| Loan Originated |
579 | $42,346,000 |
$73,000 | $2,176,000 |
$72,000 | $1,542,000 |
| 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 |
3 | $249,000 |
$83,000 | $199,000 |
$59,000 | $76,000 |
| Credit Application Incomplete |
1 | $30,000 |
$30,000 | $30,000 |
$60,000 | $60,000 |
| Credit History |
62 | $3,551,000 |
$57,000 | $280,000 |
$61,000 | $213,000 |
| Debt-To-Income Ratio |
56 | $4,495,000 |
$80,000 | $350,000 |
$58,000 | $176,000 |
| Employment History |
19 | $1,222,000 |
$64,000 | $142,000 |
$44,000 | $74,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
21 | $1,318,000 |
$62,000 | $210,000 |
$61,000 | $196,000 |
| Unverifiable Information |
3 | $506,000 |
$168,000 | $450,000 |
$125,000 | $324,000 |
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Mortgage Loan App Totals for FIRST PENN BANK by:
Metropolitan Area And
County
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