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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
Mortgage Loans and Application Details
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| Mortgage Company Name |
OCEAN BANK |
| Address | 780 NW 42 AVE., SUITE 516
MIAMI, FL 33126 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 621 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $808,113,000 |
| Average Mortgage Loan Amount Applied For | $3,253,111 |
| Highest Mortgage Loan Amount Applied For | $59,600,000 |
| Average Applicant Income | $196,333 |
| Highest Applicant Income | $6,239,000 |
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| Home Improvement |
15 | $1,800,000 |
$120,000 | $500,000 |
$82,000 | $347,000 |
| Home Purchase |
500 | $764,968,000 |
$1,529,000 | $59,600,000 |
$249,000 | $6,239,000 |
| Refinancing |
106 | $41,345,000 |
$390,000 | $6,000,000 |
$213,000 | $1,080,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $188,000 |
$188,000 | $188,000 |
$133,000 | $133,000 |
| Black or African American |
5 | $1,468,000 |
$293,000 | $368,000 |
$216,000 | $370,000 |
| Hispanic |
311 | $104,896,000 |
$337,000 | $5,640,000 |
$201,000 | $3,900,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
227 | $673,941,000 |
$2,968,000 | $59,600,000 |
$289,000 | $6,239,000 |
| Not Provided |
13 | $3,391,000 |
$260,000 | $478,000 |
$193,000 | $600,000 |
| White |
64 | $24,229,000 |
$378,000 | $2,520,000 |
$257,000 | $1,414,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
621 | $808,113,000 |
$1,301,000 | $59,600,000 |
$239,000 | $6,239,000 |
| 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 | $8,188,000 |
$584,000 | $2,500,000 |
$334,000 | $1,080,000 |
| Application Denied By Financial Institution |
13 | $11,219,000 |
$863,000 | $8,760,000 |
$228,000 | $1,020,000 |
| Application Withdrawn By Applicant |
2 | $577,000 |
$288,000 | $574,000 |
$17,000 | $34,000 |
| File Closed For Incompleteness |
1 | $302,000 |
$302,000 | $302,000 |
$75,000 | $75,000 |
| Loan Originated |
515 | $758,899,000 |
$1,473,000 | $59,600,000 |
$228,000 | $6,239,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
60 | $20,954,000 |
$349,000 | $1,500,000 |
$252,000 | $913,000 |
| Preapproval Denied by Financial Institution |
16 | $7,974,000 |
$498,000 | $2,160,000 |
$496,000 | $4,750,000 |
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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 OCEAN BANK by:
Metropolitan Area And
County
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