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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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INDEPENDENCE FEDERAL SAVINGS B
Mortgage Loans and Application Details
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| Mortgage Company Name |
INDEPENDENCE FEDERAL SAVINGS B |
| Address | 1229 CONNECTICUT AVE., NW
WASHINGTON, DC 20036-2601 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 47 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $15,029,000 |
| Average Mortgage Loan Amount Applied For | $322,428 |
| Highest Mortgage Loan Amount Applied For | $800,000 |
| Average Applicant Income | $134,428 |
| Highest Applicant Income | $401,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
19 | $5,805,000 |
$305,000 | $800,000 |
$156,000 | $401,000 |
| Refinancing |
28 | $9,224,000 |
$329,000 | $800,000 |
$121,000 | $329,000 |
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| American Indian or Alaskan Native |
1 | $250,000 |
$250,000 | $250,000 |
$85,000 | $85,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
35 | $10,985,000 |
$313,000 | $800,000 |
$123,000 | $329,000 |
| Hispanic |
2 | $793,000 |
$396,000 | $611,000 |
$100,000 | $103,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1 | $200,000 |
$200,000 | $200,000 |
$126,000 | $126,000 |
| White |
8 | $2,801,000 |
$350,000 | $800,000 |
$205,000 | $401,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
47 | $15,029,000 |
$319,000 | $800,000 |
$135,000 | $401,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Withdrawn By Applicant |
8 | $2,013,000 |
$251,000 | $350,000 |
$117,000 | $254,000 |
| File Closed For Incompleteness |
2 | $700,000 |
$350,000 | $450,000 |
$48,000 | $84,000 |
| Loan Originated |
36 | $11,516,000 |
$319,000 | $800,000 |
$141,000 | $401,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
1 | $800,000 |
$800,000 | $800,000 |
$259,000 | $259,000 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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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 INDEPENDENCE FEDERAL SAVINGS B by:
Metropolitan Area And
County
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