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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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FLAGSTAR BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
FLAGSTAR BANK |
| Address | 5151 CORPORATE DRIVE
TROY, MI 48098-2639 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 147,683 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $26,245,614,000 |
| Average Mortgage Loan Amount Applied For | $134,500 |
| Highest Mortgage Loan Amount Applied For | $4,760,000 |
| Average Applicant Income | $72,130 |
| Highest Applicant Income | $6,492,000 |
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| Home Improvement |
6,342 | $1,169,088,000 |
$184,000 | $3,062,000 |
$97,000 | $3,900,000 |
| Home Purchase |
73,825 | $12,131,224,000 |
$164,000 | $3,520,000 |
$88,000 | $6,492,000 |
| Refinancing |
71,367 | $13,454,922,000 |
$188,000 | $4,760,000 |
$90,000 | $6,141,000 |
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| American Indian or Alaskan Native |
431 | $75,514,000 |
$175,000 | $1,168,000 |
$77,000 | $420,000 |
| Asian |
3,884 | $905,957,000 |
$233,000 | $2,100,000 |
$112,000 | $1,540,000 |
| Black or African American |
12,107 | $1,937,844,000 |
$160,000 | $2,548,000 |
$69,000 | $4,868,000 |
| Hispanic |
11,974 | $2,263,352,000 |
$189,000 | $2,500,000 |
$84,000 | $6,492,000 |
| Native Hawaiin or Other Pacific Islander |
604 | $140,702,000 |
$232,000 | $1,069,000 |
$100,000 | $1,674,000 |
| Not applicable |
15,225 | $2,838,678,000 |
$186,000 | $1,000,000 |
$94,000 | $3,900,000 |
| Not Provided |
8,343 | $1,581,638,000 |
$189,000 | $3,200,000 |
$88,000 | $2,456,000 |
| White |
98,966 | $17,011,549,000 |
$171,000 | $4,760,000 |
$91,000 | $6,141,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
141,800 | $25,518,600,000 |
$179,000 | $4,760,000 |
$92,000 | $6,492,000 |
| FHA-insured (Federal Housing Administration) |
8,484 | $1,059,186,000 |
$124,000 | $456,000 |
$50,000 | $535,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
286 | $25,783,000 |
$90,000 | $245,000 |
$36,000 | $66,000 |
| VA-guaranteed (Veterans Administration) |
964 | $151,665,000 |
$157,000 | $499,000 |
$53,000 | $175,000 |
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| Application Approved But Not Accepted |
23,473 | $4,061,997,000 |
$173,000 | $3,520,000 |
$88,000 | $4,868,000 |
| Application Denied By Financial Institution |
20,884 | $3,915,781,000 |
$187,000 | $3,500,000 |
$97,000 | $3,120,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
295 | $70,584,000 |
$239,000 | $2,340,000 |
$145,000 | $1,140,000 |
| Loan Originated |
90,166 | $15,673,350,000 |
$173,000 | $4,760,000 |
$88,000 | $6,492,000 |
| Loan Purchased By The Institution |
15,225 | $2,838,678,000 |
$186,000 | $1,000,000 |
$94,000 | $3,900,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
1,491 | $194,844,000 |
$130,000 | $1,120,000 |
$48,000 | $383,000 |
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| Collateral |
2,238 | $431,853,000 |
$192,000 | $3,500,000 |
$106,000 | $1,536,000 |
| Credit Application Incomplete |
29 | $7,335,000 |
$252,000 | $2,200,000 |
$223,000 | $2,100,000 |
| Credit History |
5,963 | $965,964,000 |
$161,000 | $2,334,000 |
$72,000 | $3,120,000 |
| Debt-To-Income Ratio |
4,530 | $815,711,000 |
$180,000 | $2,799,000 |
$77,000 | $1,380,000 |
| Employment History |
267 | $49,945,000 |
$187,000 | $900,000 |
$101,000 | $570,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
572 | $104,021,000 |
$181,000 | $1,929,000 |
$86,000 | $1,674,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
8,037 | $1,565,387,000 |
$194,000 | $3,300,000 |
$113,000 | $2,533,000 |
| Unverifiable Information |
739 | $170,409,000 |
$230,000 | $2,000,000 |
$121,000 | $1,680,000 |
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Mortgage Loan App Totals for FLAGSTAR BANK by:
Metropolitan Area And
County
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