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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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PREFERRED BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
PREFERRED BANK |
| Address | 11757 KATY FREEWAY #100
HOUSTON, TX 77079 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 226 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $20,926,000 |
| Average Mortgage Loan Amount Applied For | $149,222 |
| Highest Mortgage Loan Amount Applied For | $800,000 |
| Average Applicant Income | $88,666 |
| Highest Applicant Income | $765,000 |
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| Home Improvement |
2 | $115,000 |
$57,000 | $75,000 |
$125,000 | $147,000 |
| Home Purchase |
201 | $18,118,000 |
$90,000 | $309,000 |
$50,000 | $666,000 |
| Refinancing |
23 | $2,693,000 |
$117,000 | $800,000 |
$90,000 | $765,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
4 | $381,000 |
$95,000 | $152,000 |
$70,000 | $148,000 |
| Black or African American |
3 | $121,000 |
$40,000 | $55,000 |
$37,000 | $60,000 |
| Hispanic |
183 | $15,828,000 |
$86,000 | $149,000 |
$38,000 | $387,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
36 | $4,596,000 |
$127,000 | $800,000 |
$137,000 | $765,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
223 | $20,831,000 |
$93,000 | $800,000 |
$55,000 | $765,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
3 | $95,000 |
$31,000 | $40,000 |
$63,000 | $81,000 |
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| Application Approved But Not Accepted |
1 | $55,000 |
$55,000 | $55,000 |
$32,000 | $32,000 |
| Application Denied By Financial Institution |
74 | $6,979,000 |
$94,000 | $800,000 |
$43,000 | $585,000 |
| Application Withdrawn By Applicant |
76 | $6,714,000 |
$88,000 | $210,000 |
$57,000 | $387,000 |
| File Closed For Incompleteness |
12 | $1,021,000 |
$85,000 | $106,000 |
$37,000 | $75,000 |
| Loan Originated |
63 | $6,157,000 |
$97,000 | $275,000 |
$69,000 | $765,000 |
| 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 | $41,000 |
$41,000 | $41,000 |
$15,000 | $15,000 |
| Credit Application Incomplete |
2 | $172,000 |
$86,000 | $115,000 |
$38,000 | $57,000 |
| Credit History |
10 | $1,474,000 |
$147,000 | $800,000 |
$95,000 | $585,000 |
| Debt-To-Income Ratio |
37 | $3,345,000 |
$90,000 | $309,000 |
$34,000 | $150,000 |
| Employment History |
3 | $250,000 |
$83,000 | $91,000 |
$33,000 | $45,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
4 | $311,000 |
$77,000 | $86,000 |
$31,000 | $42,000 |
| Other |
8 | $653,000 |
$81,000 | $112,000 |
$48,000 | $81,000 |
| Unverifiable Information |
9 | $733,000 |
$81,000 | $104,000 |
$32,000 | $43,000 |
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Mortgage Loan App Totals for PREFERRED BANK by:
Metropolitan Area And
County
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