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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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METRO BANK OF DADE CONTY
Mortgage Loans and Application Details
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| Mortgage Company Name |
METRO BANK OF DADE CONTY |
| Address | 9350 SOUTH DIXIE HIGHWAY
MIAMI, FL 33156 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 18 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $6,790,000 |
| Average Mortgage Loan Amount Applied For | $507,250 |
| Highest Mortgage Loan Amount Applied For | $1,290,000 |
| Average Applicant Income | $15,000 |
| Highest Applicant Income | $220,000 |
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| Home Improvement |
5 | $1,507,000 |
$301,000 | $930,000 |
$19,000 | $51,000 |
| Home Purchase |
10 | $3,879,000 |
$387,000 | $1,290,000 |
$34,000 | $220,000 |
| Refinancing |
3 | $1,404,000 |
$468,000 | $950,000 |
$0 | $0 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
1 | $240,000 |
$240,000 | $240,000 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
12 | $6,033,000 |
$502,000 | $1,290,000 |
$0 | $0 |
| Not Provided |
1 | $45,000 |
$45,000 | $45,000 |
$48,000 | $48,000 |
| White |
4 | $472,000 |
$118,000 | $279,000 |
$98,000 | $220,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
18 | $6,790,000 |
$377,000 | $1,290,000 |
$24,000 | $220,000 |
| 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 |
2 | $700,000 |
$350,000 | $400,000 |
$0 | $0 |
| Application Denied By Financial Institution |
2 | $995,000 |
$497,000 | $950,000 |
$24,000 | $48,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
14 | $5,095,000 |
$363,000 | $1,290,000 |
$28,000 | $220,000 |
| 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 |
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 METRO BANK OF DADE CONTY by:
Metropolitan Area And
County
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