|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
OPTIMUMBANK
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
OPTIMUMBANK |
| Address | 2477 E COMMERCIAL BLVD
FT LAUDERDALE, FL 33308 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 47 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $67,363,000 |
| Average Mortgage Loan Amount Applied For | $1,366,400 |
| Highest Mortgage Loan Amount Applied For | $6,000,000 |
| Average Applicant Income | $310,200 |
| Highest Applicant Income | $5,000,000 |
|
|
|
| Home Improvement |
4 | $1,342,000 |
$335,000 | $778,000 |
$0 | $0 |
| Home Purchase |
14 | $18,691,000 |
$1,335,000 | $4,000,000 |
$751,000 | $5,000,000 |
| Refinancing |
29 | $47,330,000 |
$1,632,000 | $6,000,000 |
$239,000 | $1,800,000 |
|
|
| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
1 | $1,410,000 |
$1,410,000 | $1,410,000 |
$540,000 | $540,000 |
| Hispanic |
3 | $6,244,000 |
$2,081,000 | $4,000,000 |
$1,140,000 | $2,160,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
28 | $34,672,000 |
$1,238,000 | $6,000,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
15 | $25,037,000 |
$1,669,000 | $4,500,000 |
$900,000 | $5,000,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
47 | $67,363,000 |
$1,433,000 | $6,000,000 |
$371,000 | $5,000,000 |
| 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 |
|
|
| Application Approved But Not Accepted |
4 | $13,263,000 |
$3,315,000 | $4,500,000 |
$990,000 | $2,160,000 |
| Application Denied By Financial Institution |
2 | $4,630,000 |
$2,315,000 | $3,220,000 |
$589,000 | $639,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
1 | $1,420,000 |
$1,420,000 | $1,420,000 |
$967,000 | $967,000 |
| Loan Originated |
40 | $48,050,000 |
$1,201,000 | $6,000,000 |
$284,000 | $5,000,000 |
| 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 |
|
|
| 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 |
1 | $3,220,000 |
$3,220,000 | $3,220,000 |
$639,000 | $639,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
1 | $1,410,000 |
$1,410,000 | $1,410,000 |
$540,000 | $540,000 |
|
Mortgage Loan App Totals for OPTIMUMBANK by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
