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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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GE MONEY BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
GE MONEY BANK |
| Address | 4246 SOUTH RIVERBOAT RD. SUITE 200
SALT LAKE CITY, UT 84123 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 71,873 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $2,588,507,000 |
| Average Mortgage Loan Amount Applied For | $32,820 |
| Highest Mortgage Loan Amount Applied For | $2,000,000 |
| Average Applicant Income | $81,246 |
| Highest Applicant Income | $3,000,000 |
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| Home Improvement |
65,631 | $1,645,411,000 |
$25,000 | $610,000 |
$87,000 | $2,052,000 |
| Home Purchase |
107 | $19,329,000 |
$180,000 | $1,955,000 |
$185,000 | $1,332,000 |
| Refinancing |
6,141 | $924,865,000 |
$150,000 | $2,000,000 |
$150,000 | $3,000,000 |
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| American Indian or Alaskan Native |
524 | $25,187,000 |
$48,000 | $561,000 |
$103,000 | $1,464,000 |
| Asian |
739 | $46,675,000 |
$63,000 | $615,000 |
$124,000 | $1,188,000 |
| Black or African American |
5,617 | $230,073,000 |
$40,000 | $850,000 |
$87,000 | $2,052,000 |
| Hispanic |
5,209 | $243,065,000 |
$46,000 | $879,000 |
$100,000 | $1,440,000 |
| Native Hawaiin or Other Pacific Islander |
238 | $11,660,000 |
$48,000 | $600,000 |
$105,000 | $972,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
29,177 | $786,443,000 |
$26,000 | $1,280,000 |
$89,000 | $1,982,000 |
| White |
30,375 | $1,246,502,000 |
$41,000 | $2,000,000 |
$95,000 | $3,000,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
71,879 | $2,589,605,000 |
$36,000 | $2,000,000 |
$93,000 | $3,000,000 |
| 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 |
20,181 | $570,185,000 |
$28,000 | $491,000 |
$94,000 | $1,440,000 |
| Application Denied By Financial Institution |
29,641 | $1,006,605,000 |
$33,000 | $2,000,000 |
$88,000 | $3,000,000 |
| Application Withdrawn By Applicant |
2,637 | $344,899,000 |
$130,000 | $1,280,000 |
$103,000 | $2,700,000 |
| File Closed For Incompleteness |
61 | $9,409,000 |
$154,000 | $570,000 |
$95,000 | $1,200,000 |
| Loan Originated |
19,344 | $656,961,000 |
$33,000 | $829,000 |
$97,000 | $1,284,000 |
| Loan Purchased By The Institution |
9 | $448,000 |
$49,000 | $133,000 |
$135,000 | $195,000 |
| Preapproval Approved but not Accepted |
5 | $940,000 |
$188,000 | $514,000 |
$119,000 | $162,000 |
| Preapproval Denied by Financial Institution |
1 | $158,000 |
$158,000 | $158,000 |
$32,000 | $32,000 |
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| Collateral |
672 | $86,228,000 |
$128,000 | $672,000 |
$126,000 | $1,404,000 |
| Credit Application Incomplete |
1,256 | $179,550,000 |
$142,000 | $2,000,000 |
$79,000 | $2,400,000 |
| Credit History |
23,724 | $541,995,000 |
$22,000 | $950,000 |
$79,000 | $2,052,000 |
| Debt-To-Income Ratio |
810 | $127,165,000 |
$156,000 | $1,955,000 |
$292,000 | $3,000,000 |
| Employment History |
17 | $2,479,000 |
$145,000 | $506,000 |
$302,000 | $972,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
56 | $9,261,000 |
$165,000 | $485,000 |
$606,000 | $1,608,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
3,016 | $54,977,000 |
$18,000 | $480,000 |
$83,000 | $1,860,000 |
| Unverifiable Information |
91 | $5,108,000 |
$56,000 | $523,000 |
$167,000 | $1,200,000 |
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Mortgage Loan App Totals for GE MONEY BANK by:
Metropolitan Area And
County
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