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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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POINTBANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
POINTBANK |
| Address | 200 S. HWY 377
PILOT POINT, TX 76258 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,950 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $310,914,000 |
| Average Mortgage Loan Amount Applied For | $109,781 |
| Highest Mortgage Loan Amount Applied For | $2,000,000 |
| Average Applicant Income | $87,827 |
| Highest Applicant Income | $1,141,000 |
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| Home Improvement |
31 | $2,506,000 |
$80,000 | $360,000 |
$121,000 | $739,000 |
| Home Purchase |
2,425 | $235,456,000 |
$97,000 | $1,621,000 |
$69,000 | $6,030,000 |
| Refinancing |
1,263 | $157,825,000 |
$124,000 | $2,000,000 |
$81,000 | $1,141,000 |
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| American Indian or Alaskan Native |
13 | $1,294,000 |
$99,000 | $283,000 |
$53,000 | $104,000 |
| Asian |
36 | $3,732,000 |
$103,000 | $288,000 |
$84,000 | $193,000 |
| Black or African American |
190 | $21,175,000 |
$111,000 | $1,280,000 |
$77,000 | $300,000 |
| Hispanic |
392 | $39,538,000 |
$100,000 | $900,000 |
$59,000 | $480,000 |
| Native Hawaiin or Other Pacific Islander |
18 | $2,476,000 |
$137,000 | $336,000 |
$82,000 | $210,000 |
| Not applicable |
4 | $1,806,000 |
$451,000 | $1,621,000 |
$0 | $0 |
| Not Provided |
788 | $78,835,000 |
$100,000 | $2,000,000 |
$62,000 | $6,030,000 |
| White |
2,278 | $246,931,000 |
$108,000 | $1,000,000 |
$80,000 | $1,212,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
3,482 | $371,781,000 |
$106,000 | $2,000,000 |
$75,000 | $6,030,000 |
| FHA-insured (Federal Housing Administration) |
172 | $17,655,000 |
$102,000 | $412,000 |
$48,000 | $139,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
47 | $3,969,000 |
$84,000 | $156,000 |
$37,000 | $94,000 |
| VA-guaranteed (Veterans Administration) |
18 | $2,382,000 |
$132,000 | $295,000 |
$53,000 | $107,000 |
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| Application Approved But Not Accepted |
9 | $1,974,000 |
$219,000 | $1,621,000 |
$70,000 | $218,000 |
| Application Denied By Financial Institution |
499 | $50,539,000 |
$101,000 | $808,000 |
$41,000 | $413,000 |
| Application Withdrawn By Applicant |
1,390 | $158,076,000 |
$113,000 | $1,280,000 |
$61,000 | $6,030,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
1,821 | $185,198,000 |
$101,000 | $2,000,000 |
$93,000 | $1,141,000 |
| 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 |
38 | $3,998,000 |
$105,000 | $385,000 |
$79,000 | $413,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
323 | $30,979,000 |
$95,000 | $400,000 |
$36,000 | $323,000 |
| Debt-To-Income Ratio |
38 | $4,689,000 |
$123,000 | $390,000 |
$38,000 | $119,000 |
| Employment History |
9 | $1,029,000 |
$114,000 | $325,000 |
$58,000 | $132,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
6 | $840,000 |
$140,000 | $230,000 |
$37,000 | $138,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
22 | $2,656,000 |
$120,000 | $808,000 |
$55,000 | $182,000 |
| Unverifiable Information |
3 | $260,000 |
$86,000 | $125,000 |
$39,000 | $46,000 |
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Mortgage Loan App Totals for POINTBANK by:
Metropolitan Area And
County
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