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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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METROPOLITAN NATIONAL BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
METROPOLITAN NATIONAL BANK |
| Address | 99 PARK AVENUE
NEWYORK, NY 10016 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 760 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $290,567,000 |
| Average Mortgage Loan Amount Applied For | $255,349 |
| Highest Mortgage Loan Amount Applied For | $9,000,000 |
| Average Applicant Income | $158,289 |
| Highest Applicant Income | $2,700,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
458 | $154,625,000 |
$337,000 | $9,000,000 |
$161,000 | $2,700,000 |
| Refinancing |
305 | $138,607,000 |
$454,000 | $3,300,000 |
$227,000 | $2,500,000 |
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| American Indian or Alaskan Native |
5 | $2,377,000 |
$475,000 | $534,000 |
$200,000 | $360,000 |
| Asian |
29 | $10,844,000 |
$373,000 | $1,430,000 |
$156,000 | $506,000 |
| Black or African American |
81 | $19,815,000 |
$244,000 | $1,000,000 |
$92,000 | $330,000 |
| Hispanic |
117 | $29,541,000 |
$252,000 | $999,000 |
$60,000 | $360,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
8 | $19,450,000 |
$2,431,000 | $9,000,000 |
$0 | $0 |
| Not Provided |
124 | $47,770,000 |
$385,000 | $3,300,000 |
$160,000 | $2,625,000 |
| White |
399 | $163,435,000 |
$409,000 | $2,750,000 |
$258,000 | $2,700,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
763 | $293,232,000 |
$384,000 | $9,000,000 |
$187,000 | $2,700,000 |
| 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 |
25 | $10,266,000 |
$410,000 | $2,750,000 |
$69,000 | $445,000 |
| Application Denied By Financial Institution |
50 | $14,194,000 |
$283,000 | $2,000,000 |
$89,000 | $506,000 |
| Application Withdrawn By Applicant |
186 | $76,775,000 |
$412,000 | $3,000,000 |
$175,000 | $2,522,000 |
| File Closed For Incompleteness |
38 | $16,161,000 |
$425,000 | $1,820,000 |
$172,000 | $447,000 |
| Loan Originated |
464 | $175,836,000 |
$378,000 | $9,000,000 |
$210,000 | $2,700,000 |
| 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 |
16 | $5,725,000 |
$357,000 | $1,337,000 |
$149,000 | $506,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
8 | $4,323,000 |
$540,000 | $2,000,000 |
$22,000 | $128,000 |
| Debt-To-Income Ratio |
2 | $662,000 |
$331,000 | $370,000 |
$121,000 | $148,000 |
| Employment History |
1 | $100,000 |
$100,000 | $100,000 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
14 | $1,794,000 |
$128,000 | $320,000 |
$51,000 | $104,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
7 | $1,380,000 |
$197,000 | $425,000 |
$111,000 | $187,000 |
| Unverifiable Information |
2 | $210,000 |
$105,000 | $168,000 |
$78,000 | $78,000 |
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Mortgage Loan App Totals for METROPOLITAN NATIONAL BANK by:
Metropolitan Area And
County
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