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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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NATIONAL PENN BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
NATIONAL PENN BANK |
| Address | PO BOX 547
BOYERTOWN, PA 19512 |
| 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 | 2,492 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $277,777,000 |
| Average Mortgage Loan Amount Applied For | $211,166 |
| Highest Mortgage Loan Amount Applied For | $3,500,000 |
| Average Applicant Income | $164,650 |
| Highest Applicant Income | $3,486,000 |
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| Home Improvement |
995 | $47,078,000 |
$47,000 | $1,300,000 |
$79,000 | $823,000 |
| Home Purchase |
621 | $116,365,000 |
$187,000 | $2,500,000 |
$119,000 | $3,486,000 |
| Refinancing |
876 | $114,334,000 |
$130,000 | $3,500,000 |
$95,000 | $2,568,000 |
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| American Indian or Alaskan Native |
4 | $71,000 |
$17,000 | $25,000 |
$81,000 | $132,000 |
| Asian |
56 | $7,258,000 |
$129,000 | $1,000,000 |
$76,000 | $369,000 |
| Black or African American |
49 | $2,173,000 |
$44,000 | $300,000 |
$52,000 | $457,000 |
| Hispanic |
132 | $5,338,000 |
$40,000 | $300,000 |
$51,000 | $936,000 |
| Native Hawaiin or Other Pacific Islander |
5 | $293,000 |
$58,000 | $146,000 |
$31,000 | $58,000 |
| Not applicable |
43 | $15,472,000 |
$359,000 | $2,000,000 |
$7,000 | $254,000 |
| Not Provided |
75 | $6,951,000 |
$92,000 | $550,000 |
$87,000 | $474,000 |
| White |
2,128 | $240,221,000 |
$112,000 | $3,500,000 |
$101,000 | $3,486,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,492 | $277,777,000 |
$111,000 | $3,500,000 |
$94,000 | $3,486,000 |
| 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 |
77 | $5,818,000 |
$75,000 | $475,000 |
$88,000 | $360,000 |
| Application Denied By Financial Institution |
261 | $14,622,000 |
$56,000 | $1,300,000 |
$52,000 | $936,000 |
| Application Withdrawn By Applicant |
56 | $6,226,000 |
$111,000 | $1,000,000 |
$81,000 | $258,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
1,660 | $147,636,000 |
$88,000 | $2,000,000 |
$86,000 | $3,486,000 |
| Loan Purchased By The Institution |
438 | $103,475,000 |
$236,000 | $3,500,000 |
$154,000 | $2,568,000 |
| 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 |
13 | $925,000 |
$71,000 | $220,000 |
$127,000 | $936,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
124 | $4,280,000 |
$34,000 | $220,000 |
$52,000 | $216,000 |
| Debt-To-Income Ratio |
118 | $8,767,000 |
$74,000 | $1,300,000 |
$45,000 | $361,000 |
| Employment History |
3 | $286,000 |
$95,000 | $240,000 |
$28,000 | $52,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
3 | $364,000 |
$121,000 | $230,000 |
$52,000 | $82,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for NATIONAL PENN BANK by:
Metropolitan Area And
County
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