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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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FLEET NATIONAL BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
FLEET NATIONAL BANK |
| Address | 525 N TRYON ST NC1-023-06-04
CHARLOTTE, NC 28255-0001 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2004 |
| All Data Years | 2003 2004 |
| Total Number of Mortgage Loan Applications Processed | 72,278 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $10,006,105,000 |
| Average Mortgage Loan Amount Applied For | $143,400 |
| Highest Mortgage Loan Amount Applied For | $7,600,000 |
| Average Applicant Income | $57,995 |
| Highest Applicant Income | $6,511,000 |
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| Home Improvement |
15,409 | $903,971,000 |
$52,342 | $3,100,000 |
$57,710 | $5,274,000 |
| Home Purchase |
16,167 | $3,052,071,000 |
$258,521 | $5,100,000 |
$75,195 | $6,511,000 |
| Refinancing |
40,702 | $6,050,063,000 |
$194,282 | $7,600,000 |
$55,956 | $6,053,000 |
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| American Indian or Alaskan Native |
682 | $82,611,000 |
$107,217 | $626,000 |
$116,391 | $6,053,000 |
| Asian |
3,447 | $534,072,000 |
$136,303 | $960,000 |
$85,090 | $5,820,000 |
| Black or African American |
5,668 | $678,983,000 |
$98,256 | $990,000 |
$67,307 | $3,906,000 |
| Hispanic |
7,939 | $1,010,659,000 |
$99,861 | $1,500,000 |
$44,916 | $1,976,000 |
| Native Hawaiin or Other Pacific Islander |
259 | $35,397,000 |
$115,117 | $500,000 |
$79,235 | $900,000 |
| Not applicable |
1,455 | $616,250,000 |
$425,297 | $1,489,000 |
$0 | $0 |
| Not Provided |
7,886 | $1,228,290,000 |
$153,465 | $7,600,000 |
$90,674 | $6,000,000 |
| White |
44,942 | $5,819,843,000 |
$125,914 | $5,100,000 |
$81,425 | $6,511,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
70,740 | $9,781,987,000 |
$190,812 | $7,600,000 |
$65,145 | $6,511,000 |
| FHA-insured (Federal Housing Administration) |
1,408 | $205,440,000 |
$114,526 | $456,000 |
$43,842 | $263,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
130 | $18,678,000 |
$156,176 | $321,000 |
$56,823 | $154,000 |
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| Application Approved But Not Accepted |
6,579 | $774,997,000 |
$99,575 | $4,500,000 |
$53,075 | $3,490,000 |
| Application Denied By Financial Institution |
18,715 | $2,462,414,000 |
$105,674 | $3,600,000 |
$60,093 | $6,053,000 |
| Application Withdrawn By Applicant |
2,266 | $415,822,000 |
$161,666 | $7,600,000 |
$94,527 | $6,000,000 |
| File Closed For Incompleteness |
424 | $86,878,000 |
$177,526 | $1,388,000 |
$85,947 | $1,200,000 |
| Loan Originated |
43,050 | $5,682,117,000 |
$138,543 | $5,100,000 |
$89,782 | $6,511,000 |
| Loan Purchased By The Institution |
1,244 | $583,877,000 |
$453,723 | $1,489,000 |
$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 |
5,127 | $717,615,000 |
$111,761 | $2,200,000 |
$59,166 | $6,053,000 |
| Credit Application Incomplete |
1,410 | $215,702,000 |
$111,178 | $1,200,000 |
$70,714 | $3,900,000 |
| Credit History |
8,273 | $839,784,000 |
$96,756 | $3,600,000 |
$63,000 | $3,729,000 |
| Debt-To-Income Ratio |
2,419 | $490,784,000 |
$155,296 | $1,543,000 |
$43,296 | $960,000 |
| Employment History |
77 | $13,164,000 |
$142,222 | $594,000 |
$68,555 | $425,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
127 | $23,798,000 |
$169,000 | $960,000 |
$69,000 | $250,000 |
| Mortgage Insurance Denied |
4 | $673,000 |
$168,000 | $396,000 |
$59,500 | $104,000 |
| Other |
942 | $124,105,000 |
$118,692 | $1,000,000 |
$88,384 | $1,216,000 |
| Unverifiable Information |
336 | $36,789,000 |
$77,722 | $591,000 |
$83,333 | $500,000 |
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Mortgage Loan App Totals for FLEET NATIONAL BANK by:
Metropolitan Area And
County
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