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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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GATEWAY BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
GATEWAY BANK |
| Address | 2306 MERCED STREET
SAN LEANDRO, CA 94577 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 13,930 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $4,096,617,000 |
| Average Mortgage Loan Amount Applied For | $219,724 |
| Highest Mortgage Loan Amount Applied For | $4,204,000 |
| Average Applicant Income | $112,670 |
| Highest Applicant Income | $8,619,000 |
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| Home Improvement |
4 | $1,412,000 |
$353,000 | $512,000 |
$96,000 | $140,000 |
| Home Purchase |
9,241 | $2,309,896,000 |
$249,000 | $4,204,000 |
$123,000 | $5,630,000 |
| Refinancing |
9,854 | $2,958,300,000 |
$300,000 | $4,200,000 |
$120,000 | $8,619,000 |
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| American Indian or Alaskan Native |
70 | $20,079,000 |
$286,000 | $1,024,000 |
$145,000 | $1,390,000 |
| Asian |
1,892 | $623,349,000 |
$329,000 | $4,000,000 |
$139,000 | $5,630,000 |
| Black or African American |
1,955 | $462,007,000 |
$236,000 | $1,500,000 |
$100,000 | $1,565,000 |
| Hispanic |
5,554 | $1,445,287,000 |
$260,000 | $3,000,000 |
$102,000 | $1,225,000 |
| Native Hawaiin or Other Pacific Islander |
284 | $89,190,000 |
$314,000 | $1,540,000 |
$138,000 | $1,068,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1,899 | $557,265,000 |
$293,000 | $3,600,000 |
$117,000 | $4,100,000 |
| White |
7,445 | $2,072,431,000 |
$278,000 | $4,204,000 |
$137,000 | $8,619,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
18,561 | $5,158,307,000 |
$277,000 | $4,204,000 |
$123,000 | $8,619,000 |
| FHA-insured (Federal Housing Administration) |
496 | $104,322,000 |
$210,000 | $650,000 |
$68,000 | $2,957,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
42 | $6,979,000 |
$166,000 | $326,000 |
$117,000 | $2,491,000 |
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| Application Approved But Not Accepted |
739 | $205,670,000 |
$278,000 | $1,750,000 |
$148,000 | $1,380,000 |
| Application Denied By Financial Institution |
1,069 | $291,764,000 |
$272,000 | $2,860,000 |
$160,000 | $1,404,000 |
| Application Withdrawn By Applicant |
411 | $120,026,000 |
$292,000 | $2,000,000 |
$155,000 | $1,730,000 |
| File Closed For Incompleteness |
68 | $19,693,000 |
$289,000 | $1,129,000 |
$116,000 | $480,000 |
| Loan Originated |
2,051 | $564,038,000 |
$275,000 | $1,750,000 |
$128,000 | $1,471,000 |
| Loan Purchased By The Institution |
14,761 | $4,068,417,000 |
$275,000 | $4,204,000 |
$115,000 | $8,619,000 |
| 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 |
143 | $32,943,000 |
$230,000 | $918,000 |
$159,000 | $824,000 |
| Credit Application Incomplete |
31 | $8,055,000 |
$259,000 | $930,000 |
$176,000 | $1,404,000 |
| Credit History |
305 | $86,991,000 |
$285,000 | $2,860,000 |
$153,000 | $780,000 |
| Debt-To-Income Ratio |
142 | $41,683,000 |
$293,000 | $1,216,000 |
$141,000 | $1,200,000 |
| Employment History |
108 | $31,344,000 |
$290,000 | $1,095,000 |
$155,000 | $372,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
52 | $15,794,000 |
$303,000 | $1,120,000 |
$180,000 | $487,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
229 | $59,297,000 |
$258,000 | $1,200,000 |
$178,000 | $1,047,000 |
| Unverifiable Information |
59 | $15,657,000 |
$265,000 | $743,000 |
$157,000 | $1,112,000 |
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Mortgage Loan App Totals for GATEWAY BANK by:
Metropolitan Area And
County
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