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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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PEOPLES BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
PEOPLES BANK |
| Address | 419 LIBERTY STREET
LYNDEN, WA 98264 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,514 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $294,666,000 |
| Average Mortgage Loan Amount Applied For | $230,416 |
| Highest Mortgage Loan Amount Applied For | $3,595,000 |
| Average Applicant Income | $103,458 |
| Highest Applicant Income | $5,771,000 |
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| Home Improvement |
123 | $5,799,000 |
$47,000 | $250,000 |
$79,000 | $1,483,000 |
| Home Purchase |
839 | $170,890,000 |
$203,000 | $3,595,000 |
$80,000 | $961,000 |
| Refinancing |
553 | $118,277,000 |
$213,000 | $1,500,000 |
$94,000 | $5,771,000 |
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| American Indian or Alaskan Native |
6 | $1,523,000 |
$253,000 | $517,000 |
$105,000 | $238,000 |
| Asian |
10 | $2,037,000 |
$203,000 | $319,000 |
$87,000 | $225,000 |
| Black or African American |
6 | $1,353,000 |
$225,000 | $306,000 |
$77,000 | $108,000 |
| Hispanic |
107 | $15,416,000 |
$144,000 | $328,000 |
$48,000 | $174,000 |
| Native Hawaiin or Other Pacific Islander |
5 | $1,248,000 |
$249,000 | $355,000 |
$118,000 | $186,000 |
| Not applicable |
12 | $7,964,000 |
$663,000 | $3,595,000 |
$590,000 | $5,771,000 |
| Not Provided |
96 | $19,783,000 |
$206,000 | $1,210,000 |
$79,000 | $257,000 |
| White |
1,273 | $245,642,000 |
$192,000 | $1,520,000 |
$84,000 | $1,483,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,426 | $277,165,000 |
$194,000 | $3,595,000 |
$86,000 | $5,771,000 |
| FHA-insured (Federal Housing Administration) |
47 | $8,181,000 |
$174,000 | $260,000 |
$61,000 | $264,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
4 | $409,000 |
$102,000 | $260,000 |
$46,000 | $73,000 |
| VA-guaranteed (Veterans Administration) |
38 | $9,211,000 |
$242,000 | $412,000 |
$65,000 | $174,000 |
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| Application Approved But Not Accepted |
32 | $5,480,000 |
$171,000 | $800,000 |
$73,000 | $198,000 |
| Application Denied By Financial Institution |
112 | $16,230,000 |
$144,000 | $608,000 |
$59,000 | $262,000 |
| Application Withdrawn By Applicant |
206 | $43,727,000 |
$212,000 | $1,210,000 |
$88,000 | $1,483,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
1,165 | $229,529,000 |
$197,000 | $3,595,000 |
$87,000 | $5,771,000 |
| 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 |
6 | $1,277,000 |
$212,000 | $417,000 |
$109,000 | $262,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
25 | $5,510,000 |
$220,000 | $473,000 |
$67,000 | $165,000 |
| Debt-To-Income Ratio |
13 | $2,979,000 |
$229,000 | $419,000 |
$54,000 | $165,000 |
| Employment History |
1 | $216,000 |
$216,000 | $216,000 |
$27,000 | $27,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $472,000 |
$236,000 | $270,000 |
$38,000 | $77,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
14 | $3,094,000 |
$221,000 | $608,000 |
$72,000 | $214,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for PEOPLES BANK by:
Metropolitan Area And
County
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