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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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OCEAN BANK FSB
Mortgage Loans and Application Details
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| Mortgage Company Name |
OCEAN BANK FSB |
| Address | ONE HOME LOAN PLAZA SUITE III
WARWICK, RI 02886 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 33,705 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $3,430,686,000 |
| Average Mortgage Loan Amount Applied For | $85,860 |
| Highest Mortgage Loan Amount Applied For | $2,100,000 |
| Average Applicant Income | $51,619 |
| Highest Applicant Income | $7,644,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
274 | $40,643,000 |
$148,000 | $759,000 |
$65,000 | $420,000 |
| Refinancing |
33,431 | $3,390,043,000 |
$101,000 | $2,100,000 |
$55,000 | $7,644,000 |
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| American Indian or Alaskan Native |
374 | $32,370,000 |
$86,000 | $580,000 |
$48,000 | $527,000 |
| Asian |
346 | $50,651,000 |
$146,000 | $812,000 |
$77,000 | $1,200,000 |
| Black or African American |
5,731 | $505,079,000 |
$88,000 | $1,030,000 |
$44,000 | $2,448,000 |
| Hispanic |
1,208 | $140,385,000 |
$116,000 | $750,000 |
$53,000 | $1,200,000 |
| Native Hawaiin or Other Pacific Islander |
41 | $5,309,000 |
$129,000 | $615,000 |
$53,000 | $144,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
7,467 | $879,931,000 |
$117,000 | $2,100,000 |
$59,000 | $7,644,000 |
| White |
18,538 | $1,816,961,000 |
$98,000 | $1,500,000 |
$57,000 | $4,480,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
33,705 | $3,430,686,000 |
$101,000 | $2,100,000 |
$55,000 | $7,644,000 |
| 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 |
14,779 | $1,450,864,000 |
$98,000 | $1,500,000 |
$64,000 | $3,501,000 |
| Application Denied By Financial Institution |
16,271 | $1,736,190,000 |
$106,000 | $2,100,000 |
$47,000 | $7,644,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
2,655 | $243,632,000 |
$91,000 | $880,000 |
$55,000 | $1,333,000 |
| 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 |
3,411 | $368,425,000 |
$108,000 | $690,000 |
$51,000 | $4,480,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
6 | $180,000 |
$30,000 | $57,000 |
$58,000 | $108,000 |
| Debt-To-Income Ratio |
4,486 | $730,158,000 |
$162,000 | $940,000 |
$39,000 | $650,000 |
| 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 |
8,367 | $637,287,000 |
$76,000 | $2,100,000 |
$49,000 | $7,644,000 |
| Unverifiable Information |
1 | $140,000 |
$140,000 | $140,000 |
$48,000 | $48,000 |
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Mortgage Loan App Totals for OCEAN BANK FSB by:
Metropolitan Area And
County
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