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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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OCWEN FEDERAL BANK FSB
Mortgage Loans and Application Details
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| Mortgage Company Name |
OCWEN FEDERAL BANK FSB |
| Address | 1661 WORTHINGTON AVENUE #100
WEST PALM BEACH, FL 33409 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2005 |
| All Data Years | 2003 2004 2005 |
| Total Number of Mortgage Loan Applications Processed | 2,035 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $323,178,000 |
| Average Mortgage Loan Amount Applied For | $133,543 |
| Highest Mortgage Loan Amount Applied For | $886,000 |
| Average Applicant Income | $62,782 |
| Highest Applicant Income | $1,308,000 |
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| Home Improvement |
81 | $12,968,000 |
$140,066 | $612,000 |
$67,433 | $715,000 |
| Home Purchase |
18 | $3,556,000 |
$232,428 | $499,000 |
$111,857 | $390,000 |
| Refinancing |
1,936 | $306,654,000 |
$135,200 | $886,000 |
$61,020 | $1,308,000 |
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| American Indian or Alaskan Native |
24 | $2,986,000 |
$134,944 | $227,000 |
$72,833 | $421,000 |
| Asian |
49 | $12,289,000 |
$210,652 | $650,000 |
$108,173 | $660,000 |
| Black or African American |
372 | $50,783,000 |
$126,000 | $557,000 |
$52,000 | $245,000 |
| Hispanic |
251 | $40,096,000 |
$123,129 | $595,000 |
$50,580 | $379,000 |
| Native Hawaiin or Other Pacific Islander |
13 | $2,428,000 |
$177,285 | $358,000 |
$108,428 | $301,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
253 | $42,395,000 |
$155,815 | $886,000 |
$66,552 | $390,000 |
| White |
1,073 | $172,201,000 |
$139,320 | $800,000 |
$62,200 | $1,308,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,035 | $323,178,000 |
$135,520 | $886,000 |
$61,240 | $1,308,000 |
| 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 |
18 | $2,752,000 |
$172,444 | $303,000 |
$64,666 | $128,000 |
| Application Denied By Financial Institution |
867 | $131,879,000 |
$138,083 | $886,000 |
$62,062 | $1,283,000 |
| Application Withdrawn By Applicant |
698 | $117,146,000 |
$141,312 | $650,000 |
$63,145 | $1,308,000 |
| File Closed For Incompleteness |
9 | $933,000 |
$103,666 | $173,000 |
$87,777 | $380,000 |
| Loan Originated |
443 | $70,468,000 |
$141,116 | $712,000 |
$55,302 | $322,000 |
| 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 |
147 | $17,720,000 |
$132,914 | $555,000 |
$58,000 | $190,000 |
| Credit Application Incomplete |
287 | $44,379,000 |
$137,925 | $886,000 |
$78,325 | $1,283,000 |
| Credit History |
40 | $5,557,000 |
$128,913 | $447,000 |
$55,347 | $173,000 |
| Debt-To-Income Ratio |
52 | $8,475,000 |
$127,956 | $538,000 |
$43,478 | $216,000 |
| Employment History |
6 | $1,075,000 |
$179,166 | $260,000 |
$53,500 | $79,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
12 | $1,814,000 |
$133,333 | $463,000 |
$48,888 | $162,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
152 | $25,833,000 |
$153,027 | $800,000 |
$66,432 | $660,000 |
| Unverifiable Information |
171 | $27,026,000 |
$140,461 | $525,000 |
$59,743 | $400,000 |
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Mortgage Loan App Totals for OCWEN FEDERAL BANK FSB by:
Metropolitan Area And
County
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