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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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PROVIDENT BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
PROVIDENT BANK |
| Address | 400 RELLA BLVD., P.O. BOX 600
MONTEBELLO, NY 10901 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 538 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $104,659,000 |
| Average Mortgage Loan Amount Applied For | $531,933 |
| Highest Mortgage Loan Amount Applied For | $5,200,000 |
| Average Applicant Income | $194,000 |
| Highest Applicant Income | $1,223,000 |
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| Home Improvement |
192 | $10,984,000 |
$57,000 | $347,000 |
$92,000 | $588,000 |
| Home Purchase |
136 | $43,708,000 |
$321,000 | $5,200,000 |
$126,000 | $1,221,000 |
| Refinancing |
210 | $49,967,000 |
$237,000 | $2,800,000 |
$110,000 | $1,223,000 |
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| American Indian or Alaskan Native |
4 | $458,000 |
$114,000 | $226,000 |
$65,000 | $97,000 |
| Asian |
7 | $1,939,000 |
$277,000 | $580,000 |
$122,000 | $169,000 |
| Black or African American |
19 | $3,895,000 |
$205,000 | $562,000 |
$101,000 | $246,000 |
| Hispanic |
39 | $6,947,000 |
$178,000 | $447,000 |
$98,000 | $345,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
10 | $9,629,000 |
$962,000 | $5,200,000 |
$0 | $0 |
| Not Provided |
14 | $1,750,000 |
$125,000 | $230,000 |
$104,000 | $362,000 |
| White |
445 | $80,041,000 |
$179,000 | $2,800,000 |
$112,000 | $1,223,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
538 | $104,659,000 |
$194,000 | $5,200,000 |
$108,000 | $1,223,000 |
| 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) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
4 | $639,000 |
$159,000 | $267,000 |
$82,000 | $108,000 |
| Application Denied By Financial Institution |
56 | $9,293,000 |
$165,000 | $595,000 |
$82,000 | $370,000 |
| Application Withdrawn By Applicant |
24 | $4,987,000 |
$207,000 | $447,000 |
$125,000 | $514,000 |
| File Closed For Incompleteness |
3 | $652,000 |
$217,000 | $247,000 |
$61,000 | $75,000 |
| Loan Originated |
451 | $89,088,000 |
$197,000 | $5,200,000 |
$111,000 | $1,223,000 |
| 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 |
11 | $2,421,000 |
$220,000 | $595,000 |
$148,000 | $370,000 |
| Credit Application Incomplete |
2 | $510,000 |
$255,000 | $360,000 |
$80,000 | $93,000 |
| Credit History |
15 | $2,002,000 |
$133,000 | $500,000 |
$57,000 | $163,000 |
| Debt-To-Income Ratio |
16 | $2,877,000 |
$179,000 | $410,000 |
$63,000 | $118,000 |
| Employment History |
4 | $323,000 |
$80,000 | $163,000 |
$73,000 | $221,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $300,000 |
$300,000 | $300,000 |
$136,000 | $136,000 |
| Mortgage Insurance Denied |
1 | $30,000 |
$30,000 | $30,000 |
$91,000 | $91,000 |
| Other |
3 | $570,000 |
$190,000 | $330,000 |
$95,000 | $117,000 |
| Unverifiable Information |
3 | $260,000 |
$86,000 | $110,000 |
$42,000 | $103,000 |
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Mortgage Loan App Totals for PROVIDENT BANK by:
Metropolitan Area And
County
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