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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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FOUNDERS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
FOUNDERS BANK |
| Address | 3052 W. 111TH STREET
CHICAGO, IL 60655 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 501 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $77,938,000 |
| Average Mortgage Loan Amount Applied For | $146,400 |
| Highest Mortgage Loan Amount Applied For | $3,435,000 |
| Average Applicant Income | $126,900 |
| Highest Applicant Income | $1,311,000 |
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| Home Improvement |
216 | $9,628,000 |
$44,000 | $800,000 |
$68,000 | $274,000 |
| Home Purchase |
163 | $49,148,000 |
$301,000 | $3,435,000 |
$74,000 | $1,311,000 |
| Refinancing |
127 | $19,702,000 |
$155,000 | $1,388,000 |
$88,000 | $1,200,000 |
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| American Indian or Alaskan Native |
1 | $152,000 |
$152,000 | $152,000 |
$32,000 | $32,000 |
| Asian |
4 | $542,000 |
$135,000 | $253,000 |
$129,000 | $274,000 |
| Black or African American |
23 | $3,343,000 |
$145,000 | $992,000 |
$31,000 | $149,000 |
| Hispanic |
13 | $1,786,000 |
$137,000 | $600,000 |
$58,000 | $130,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
70 | $35,087,000 |
$501,000 | $3,435,000 |
$0 | $0 |
| Not Provided |
30 | $1,979,000 |
$65,000 | $296,000 |
$66,000 | $243,000 |
| White |
365 | $35,589,000 |
$97,000 | $1,453,000 |
$93,000 | $1,311,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
506 | $78,478,000 |
$155,000 | $3,435,000 |
$75,000 | $1,311,000 |
| 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 |
50 | $7,814,000 |
$156,000 | $750,000 |
$129,000 | $1,200,000 |
| Application Denied By Financial Institution |
75 | $6,659,000 |
$88,000 | $541,000 |
$59,000 | $251,000 |
| Application Withdrawn By Applicant |
34 | $6,910,000 |
$203,000 | $2,000,000 |
$63,000 | $180,000 |
| File Closed For Incompleteness |
2 | $312,000 |
$156,000 | $160,000 |
$62,000 | $93,000 |
| Loan Originated |
343 | $56,665,000 |
$165,000 | $3,435,000 |
$72,000 | $1,311,000 |
| 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 |
2 | $118,000 |
$59,000 | $60,000 |
$34,000 | $51,000 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FOUNDERS BANK by:
Metropolitan Area And
County
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