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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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PIONEER BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
PIONEER BANK |
| Address | 306 N. PENNSYLVANIA AVE. / P. O. BOX 130
ROSWELL, NM 88201 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,390 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $143,803,000 |
| Average Mortgage Loan Amount Applied For | $119,782 |
| Highest Mortgage Loan Amount Applied For | $645,000 |
| Average Applicant Income | $84,565 |
| Highest Applicant Income | $750,000 |
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| Home Improvement |
87 | $1,312,000 |
$15,000 | $142,000 |
$48,000 | $321,000 |
| Home Purchase |
1,440 | $156,121,000 |
$108,000 | $645,000 |
$57,000 | $750,000 |
| Refinancing |
247 | $24,891,000 |
$100,000 | $417,000 |
$57,000 | $354,000 |
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| American Indian or Alaskan Native |
7 | $484,000 |
$69,000 | $128,000 |
$33,000 | $54,000 |
| Asian |
24 | $3,208,000 |
$133,000 | $248,000 |
$73,000 | $225,000 |
| Black or African American |
50 | $5,588,000 |
$111,000 | $275,000 |
$65,000 | $300,000 |
| Hispanic |
831 | $79,960,000 |
$96,000 | $645,000 |
$47,000 | $569,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $118,000 |
$59,000 | $116,000 |
$41,000 | $50,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
5 | $405,000 |
$81,000 | $190,000 |
$56,000 | $139,000 |
| White |
855 | $92,561,000 |
$108,000 | $417,000 |
$64,000 | $750,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,146 | $122,176,000 |
$106,000 | $645,000 |
$63,000 | $750,000 |
| FHA-insured (Federal Housing Administration) |
476 | $41,218,000 |
$86,000 | $187,000 |
$41,000 | $331,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
152 | $18,930,000 |
$124,000 | $385,000 |
$51,000 | $140,000 |
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| Application Approved But Not Accepted |
148 | $17,755,000 |
$119,000 | $645,000 |
$63,000 | $233,000 |
| Application Denied By Financial Institution |
265 | $24,994,000 |
$94,000 | $364,000 |
$43,000 | $149,000 |
| Application Withdrawn By Applicant |
42 | $3,807,000 |
$90,000 | $370,000 |
$42,000 | $120,000 |
| File Closed For Incompleteness |
11 | $733,000 |
$66,000 | $150,000 |
$41,000 | $84,000 |
| Loan Originated |
924 | $96,514,000 |
$104,000 | $417,000 |
$65,000 | $750,000 |
| 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 |
384 | $38,521,000 |
$100,000 | $600,000 |
$45,000 | $700,000 |
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| Collateral |
10 | $593,000 |
$59,000 | $111,000 |
$56,000 | $100,000 |
| Credit Application Incomplete |
17 | $2,503,000 |
$147,000 | $320,000 |
$58,000 | $134,000 |
| Credit History |
250 | $22,371,000 |
$89,000 | $276,000 |
$45,000 | $700,000 |
| Debt-To-Income Ratio |
123 | $12,569,000 |
$102,000 | $281,000 |
$42,000 | $189,000 |
| Employment History |
4 | $366,000 |
$91,000 | $136,000 |
$32,000 | $46,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
11 | $1,185,000 |
$107,000 | $208,000 |
$47,000 | $74,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
222 | $22,580,000 |
$101,000 | $600,000 |
$43,000 | $300,000 |
| Unverifiable Information |
12 | $1,348,000 |
$112,000 | $364,000 |
$43,000 | $138,000 |
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Mortgage Loan App Totals for PIONEER BANK by:
Metropolitan Area And
County
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