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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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PIERCE COMMERCIAL BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
PIERCE COMMERCIAL BANK |
| Address | 1722 SOUTH UNION AVENUE
TACOMA, WA 98405 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,979 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $376,502,000 |
| Average Mortgage Loan Amount Applied For | $196,600 |
| Highest Mortgage Loan Amount Applied For | $2,020,000 |
| Average Applicant Income | $161,777 |
| Highest Applicant Income | $2,742,000 |
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| Home Improvement |
115 | $23,283,000 |
$202,000 | $880,000 |
$117,000 | $702,000 |
| Home Purchase |
1,459 | $263,046,000 |
$180,000 | $1,000,000 |
$102,000 | $1,682,000 |
| Refinancing |
405 | $90,173,000 |
$222,000 | $2,020,000 |
$116,000 | $2,742,000 |
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| American Indian or Alaskan Native |
10 | $1,477,000 |
$147,000 | $311,000 |
$70,000 | $127,000 |
| Asian |
113 | $20,023,000 |
$177,000 | $720,000 |
$104,000 | $298,000 |
| Black or African American |
101 | $19,312,000 |
$191,000 | $606,000 |
$111,000 | $414,000 |
| Hispanic |
82 | $13,621,000 |
$166,000 | $400,000 |
$80,000 | $222,000 |
| Native Hawaiin or Other Pacific Islander |
29 | $5,686,000 |
$196,000 | $386,000 |
$194,000 | $374,000 |
| Not applicable |
16 | $7,930,000 |
$495,000 | $2,020,000 |
$0 | $0 |
| Not Provided |
48 | $13,254,000 |
$276,000 | $700,000 |
$170,000 | $2,742,000 |
| White |
1,580 | $295,199,000 |
$186,000 | $1,000,000 |
$105,000 | $1,682,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,819 | $335,446,000 |
$184,000 | $2,020,000 |
$108,000 | $2,742,000 |
| FHA-insured (Federal Housing Administration) |
31 | $6,778,000 |
$218,000 | $366,000 |
$69,000 | $178,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
129 | $34,278,000 |
$265,000 | $416,000 |
$75,000 | $159,000 |
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| Application Approved But Not Accepted |
4 | $1,174,000 |
$293,000 | $340,000 |
$129,000 | $180,000 |
| Application Denied By Financial Institution |
6 | $1,351,000 |
$225,000 | $348,000 |
$102,000 | $166,000 |
| Application Withdrawn By Applicant |
10 | $2,566,000 |
$256,000 | $394,000 |
$102,000 | $180,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
1,959 | $371,411,000 |
$189,000 | $2,020,000 |
$106,000 | $2,742,000 |
| 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 |
1 | $256,000 |
$256,000 | $256,000 |
$93,000 | $93,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $228,000 |
$228,000 | $228,000 |
$99,000 | $99,000 |
| Debt-To-Income Ratio |
2 | $559,000 |
$279,000 | $348,000 |
$55,000 | $101,000 |
| 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 |
2 | $308,000 |
$154,000 | $281,000 |
$154,000 | $166,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for PIERCE COMMERCIAL BANK by:
Metropolitan Area And
County
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