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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 MORTGAGE CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
PEOPLES MORTGAGE CORPORATION |
| Address | 5175 NORTH ACADEMY BLVD.
COLORADO SPRINGS, CO 80918 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 835 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $150,391,000 |
| Average Mortgage Loan Amount Applied For | $154,590 |
| Highest Mortgage Loan Amount Applied For | $750,000 |
| Average Applicant Income | $73,454 |
| Highest Applicant Income | $621,000 |
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| Home Improvement |
27 | $3,866,000 |
$143,000 | $400,000 |
$72,000 | $175,000 |
| Home Purchase |
723 | $132,380,000 |
$183,000 | $750,000 |
$67,000 | $621,000 |
| Refinancing |
85 | $14,145,000 |
$166,000 | $471,000 |
$72,000 | $168,000 |
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| American Indian or Alaskan Native |
7 | $1,264,000 |
$180,000 | $232,000 |
$55,000 | $69,000 |
| Asian |
23 | $3,620,000 |
$157,000 | $253,000 |
$58,000 | $110,000 |
| Black or African American |
67 | $13,537,000 |
$202,000 | $356,000 |
$68,000 | $124,000 |
| Hispanic |
83 | $13,428,000 |
$161,000 | $417,000 |
$52,000 | $126,000 |
| Native Hawaiin or Other Pacific Islander |
6 | $866,000 |
$144,000 | $229,000 |
$53,000 | $76,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
649 | $117,676,000 |
$181,000 | $750,000 |
$70,000 | $621,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
392 | $66,426,000 |
$169,000 | $750,000 |
$79,000 | $621,000 |
| FHA-insured (Federal Housing Administration) |
159 | $24,145,000 |
$151,000 | $241,000 |
$49,000 | $124,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
8 | $513,000 |
$64,000 | $87,000 |
$25,000 | $41,000 |
| VA-guaranteed (Veterans Administration) |
276 | $59,307,000 |
$214,000 | $417,000 |
$64,000 | $176,000 |
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| Application Approved But Not Accepted |
10 | $1,584,000 |
$158,000 | $347,000 |
$112,000 | $358,000 |
| Application Denied By Financial Institution |
64 | $11,668,000 |
$182,000 | $750,000 |
$71,000 | $621,000 |
| Application Withdrawn By Applicant |
121 | $23,687,000 |
$195,000 | $600,000 |
$69,000 | $243,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
640 | $113,452,000 |
$177,000 | $577,000 |
$66,000 | $420,000 |
| 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 |
7 | $877,000 |
$125,000 | $285,000 |
$63,000 | $106,000 |
| Credit Application Incomplete |
29 | $6,500,000 |
$224,000 | $750,000 |
$93,000 | $621,000 |
| Credit History |
5 | $567,000 |
$113,000 | $247,000 |
$56,000 | $75,000 |
| Debt-To-Income Ratio |
12 | $2,450,000 |
$204,000 | $417,000 |
$50,000 | $87,000 |
| Employment History |
4 | $483,000 |
$120,000 | $156,000 |
$42,000 | $53,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
7 | $791,000 |
$113,000 | $168,000 |
$53,000 | $96,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for PEOPLES MORTGAGE CORPORATION by:
Metropolitan Area And
County
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