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| $5,279,183,286,000 in Mortgage Loans Applied for in 2007 from 26,605,695 Applications |
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INDUSTRIAL BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
INDUSTRIAL BANK |
| Address | 1900 JOHN HANSON LANE
OXON HILL, MD 20745 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 102 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $24,260,000 |
| Average Mortgage Loan Amount Applied For | $402,142 |
| Highest Mortgage Loan Amount Applied For | $2,400,000 |
| Average Applicant Income | $71,000 |
| Highest Applicant Income | $508,000 |
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| Home Improvement |
44 | $6,083,000 |
$138,000 | $700,000 |
$81,000 | $243,000 |
| Home Purchase |
53 | $14,727,000 |
$277,000 | $2,400,000 |
$55,000 | $221,000 |
| Refinancing |
16 | $5,380,000 |
$336,000 | $1,500,000 |
$102,000 | $508,000 |
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| American Indian or Alaskan Native |
2 | $2,430,000 |
$1,215,000 | $2,400,000 |
$15,000 | $31,000 |
| Asian |
2 | $870,000 |
$435,000 | $453,000 |
$67,000 | $75,000 |
| Black or African American |
85 | $15,723,000 |
$184,000 | $700,000 |
$75,000 | $508,000 |
| Hispanic |
1 | $175,000 |
$175,000 | $175,000 |
$38,000 | $38,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $290,000 |
$290,000 | $290,000 |
$52,000 | $52,000 |
| Not applicable |
4 | $3,435,000 |
$858,000 | $1,500,000 |
$0 | $0 |
| Not Provided |
15 | $2,425,000 |
$161,000 | $520,000 |
$83,000 | $221,000 |
| White |
3 | $842,000 |
$280,000 | $382,000 |
$86,000 | $164,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
110 | $25,543,000 |
$232,000 | $2,400,000 |
$72,000 | $508,000 |
| FHA-insured (Federal Housing Administration) |
2 | $443,000 |
$221,000 | $303,000 |
$62,000 | $91,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
1 | $204,000 |
$204,000 | $204,000 |
$50,000 | $50,000 |
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| Application Approved But Not Accepted |
8 | $1,984,000 |
$248,000 | $440,000 |
$74,000 | $154,000 |
| Application Denied By Financial Institution |
23 | $5,533,000 |
$240,000 | $1,500,000 |
$56,000 | $221,000 |
| Application Withdrawn By Applicant |
12 | $5,301,000 |
$441,000 | $2,400,000 |
$61,000 | $189,000 |
| File Closed For Incompleteness |
4 | $1,418,000 |
$354,000 | $528,000 |
$59,000 | $111,000 |
| Loan Originated |
55 | $10,024,000 |
$182,000 | $875,000 |
$88,000 | $508,000 |
| 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 |
11 | $1,930,000 |
$175,000 | $220,000 |
$40,000 | $53,000 |
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| Collateral |
2 | $132,000 |
$66,000 | $100,000 |
$36,000 | $41,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
11 | $1,912,000 |
$173,000 | $520,000 |
$74,000 | $221,000 |
| Debt-To-Income Ratio |
20 | $3,919,000 |
$195,000 | $450,000 |
$41,000 | $82,000 |
| 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 |
1 | $1,500,000 |
$1,500,000 | $1,500,000 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for INDUSTRIAL BANK by:
Metropolitan Area And
County
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