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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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LOCAL OKLAHOMA BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
LOCAL OKLAHOMA BANK |
| Address | 3601 N. W. 63
OKLAHOMA CITY, OK 73116 |
| Agency | Federal Reserve System (FRS) |
| Year | 2004 |
| All Data Years | 2003 2004 |
| Total Number of Mortgage Loan Applications Processed | 2,202 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $118,847,000 |
| Average Mortgage Loan Amount Applied For | $111,349 |
| Highest Mortgage Loan Amount Applied For | $2,100,000 |
| Average Applicant Income | $88,206 |
| Highest Applicant Income | $1,225,000 |
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| Home Improvement |
1,091 | $36,290,000 |
$85,000 | $540,000 |
$106,000 | $679,000 |
| Home Purchase |
299 | $30,910,000 |
$447,600 | $1,360,000 |
$45,200 | $1,209,000 |
| Refinancing |
812 | $51,647,000 |
$213,600 | $2,100,000 |
$155,200 | $1,225,000 |
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| American Indian or Alaskan Native |
82 | $4,256,000 |
$51,000 | $328,000 |
$55,000 | $430,000 |
| Asian |
26 | $1,173,000 |
$45,000 | $122,000 |
$65,000 | $268,000 |
| Black or African American |
72 | $2,579,000 |
$35,000 | $99,000 |
$47,000 | $146,000 |
| Hispanic |
57 | $1,854,000 |
$32,000 | $260,000 |
$50,000 | $190,000 |
| Native Hawaiin or Other Pacific Islander |
3 | $66,000 |
$22,000 | $35,000 |
$36,000 | $54,000 |
| Not applicable |
22 | $5,094,000 |
$705,333 | $2,100,000 |
$0 | $0 |
| Not Provided |
9 | $253,000 |
$28,000 | $120,000 |
$77,000 | $240,000 |
| White |
1,931 | $103,572,000 |
$160,833 | $1,500,000 |
$114,833 | $1,225,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,202 | $118,847,000 |
$365,625 | $2,100,000 |
$85,750 | $1,225,000 |
| 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 |
76 | $5,286,000 |
$775,000 | $1,500,000 |
$647,500 | $1,225,000 |
| Application Denied By Financial Institution |
494 | $19,054,000 |
$38,000 | $500,000 |
$45,000 | $300,000 |
| Application Withdrawn By Applicant |
55 | $4,376,000 |
$80,666 | $400,000 |
$87,666 | $699,000 |
| File Closed For Incompleteness |
1 | $42,000 |
$42,000 | $42,000 |
$82,000 | $82,000 |
| Loan Originated |
1,576 | $90,089,000 |
$353,625 | $2,100,000 |
$70,375 | $1,209,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
98 | $3,337,000 |
$34,000 | $152,000 |
$54,000 | $300,000 |
| Credit Application Incomplete |
22 | $2,392,000 |
$108,000 | $500,000 |
$71,000 | $220,000 |
| Credit History |
231 | $7,023,000 |
$30,000 | $150,000 |
$38,000 | $132,000 |
| Debt-To-Income Ratio |
125 | $5,113,000 |
$40,000 | $260,000 |
$42,000 | $139,000 |
| Employment History |
4 | $83,000 |
$20,000 | $36,000 |
$36,000 | $82,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $54,000 |
$54,000 | $54,000 |
$60,000 | $60,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
7 | $772,000 |
$110,000 | $325,000 |
$68,000 | $142,000 |
| Unverifiable Information |
6 | $280,000 |
$46,000 | $153,000 |
$38,000 | $86,000 |
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Mortgage Loan App Totals for LOCAL OKLAHOMA BANK by:
Metropolitan Area And
County
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