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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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GREATBANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
GREATBANK |
| Address | 234 SOUTH RANDALL ROAD
ALGONQUIN, IL 60102 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 943 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $22,477,000 |
| Average Mortgage Loan Amount Applied For | $166,500 |
| Highest Mortgage Loan Amount Applied For | $750,000 |
| Average Applicant Income | $125,750 |
| Highest Applicant Income | $446,000 |
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| Home Improvement |
881 | $10,399,000 |
$11,000 | $250,000 |
$64,000 | $434,000 |
| Home Purchase |
52 | $11,099,000 |
$213,000 | $750,000 |
$91,000 | $446,000 |
| Refinancing |
23 | $3,766,000 |
$163,000 | $355,000 |
$82,000 | $330,000 |
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| American Indian or Alaskan Native |
2 | $41,000 |
$20,000 | $25,000 |
$81,000 | $82,000 |
| Asian |
5 | $220,000 |
$44,000 | $173,000 |
$100,000 | $211,000 |
| Black or African American |
630 | $7,217,000 |
$11,000 | $100,000 |
$60,000 | $257,000 |
| Hispanic |
142 | $2,021,000 |
$14,000 | $132,000 |
$69,000 | $188,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $26,000 |
$26,000 | $26,000 |
$40,000 | $40,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
25 | $4,301,000 |
$172,000 | $400,000 |
$84,000 | $180,000 |
| White |
151 | $11,438,000 |
$75,000 | $750,000 |
$87,000 | $446,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
956 | $25,264,000 |
$26,000 | $750,000 |
$66,000 | $446,000 |
| 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 |
211 | $2,601,000 |
$12,000 | $50,000 |
$66,000 | $257,000 |
| Application Denied By Financial Institution |
263 | $4,988,000 |
$18,000 | $400,000 |
$59,000 | $165,000 |
| Application Withdrawn By Applicant |
14 | $2,194,000 |
$156,000 | $325,000 |
$68,000 | $145,000 |
| File Closed For Incompleteness |
6 | $1,455,000 |
$242,000 | $350,000 |
$64,000 | $104,000 |
| Loan Originated |
459 | $13,560,000 |
$29,000 | $750,000 |
$71,000 | $446,000 |
| 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 |
3 | $466,000 |
$155,000 | $204,000 |
$56,000 | $75,000 |
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| Collateral |
5 | $127,000 |
$25,000 | $55,000 |
$89,000 | $161,000 |
| Credit Application Incomplete |
1 | $184,000 |
$184,000 | $184,000 |
$59,000 | $59,000 |
| Credit History |
213 | $3,281,000 |
$15,000 | $275,000 |
$59,000 | $159,000 |
| Debt-To-Income Ratio |
34 | $836,000 |
$24,000 | $294,000 |
$46,000 | $131,000 |
| Employment History |
1 | $204,000 |
$204,000 | $204,000 |
$75,000 | $75,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $220,000 |
$220,000 | $220,000 |
$66,000 | $66,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $400,000 |
$400,000 | $400,000 |
$165,000 | $165,000 |
| Unverifiable Information |
1 | $85,000 |
$85,000 | $85,000 |
$10,000 | $10,000 |
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Mortgage Loan App Totals for GREATBANK by:
Metropolitan Area And
County
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