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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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RBC MORTGAGE
Mortgage Loans and Application Details
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| Mortgage Company Name |
RBC MORTGAGE |
| Address | P O BOX 1220
ROCKY MOUNT, NC 27802 |
| Agency | Federal Reserve System (FRS) |
| Year | 2005 |
| All Data Years | 2003 2004 2005 |
| Total Number of Mortgage Loan Applications Processed | 43,370 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $8,492,604,000 |
| Average Mortgage Loan Amount Applied For | $156,409 |
| Highest Mortgage Loan Amount Applied For | $5,600,000 |
| Average Applicant Income | $72,772 |
| Highest Applicant Income | $5,590,000 |
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| Home Improvement |
1 | $10,000 |
$10,000 | $10,000 |
$48,000 | $48,000 |
| Home Purchase |
28,146 | $5,037,352,000 |
$178,826 | $5,600,000 |
$85,326 | $5,590,000 |
| Refinancing |
16,957 | $3,673,952,000 |
$199,288 | $3,920,000 |
$73,576 | $3,458,000 |
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| American Indian or Alaskan Native |
122 | $23,389,000 |
$201,111 | $800,000 |
$95,629 | $1,027,000 |
| Asian |
2,008 | $481,187,000 |
$196,261 | $2,600,000 |
$86,571 | $1,102,000 |
| Black or African American |
2,794 | $438,650,000 |
$166,487 | $1,000,000 |
$70,292 | $2,833,000 |
| Hispanic |
5,508 | $926,998,000 |
$160,564 | $2,080,000 |
$66,487 | $1,526,000 |
| Native Hawaiin or Other Pacific Islander |
304 | $68,432,000 |
$168,310 | $920,000 |
$82,137 | $923,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
3,139 | $724,306,000 |
$206,740 | $5,600,000 |
$60,520 | $2,040,000 |
| White |
31,229 | $6,048,352,000 |
$190,000 | $5,600,000 |
$87,826 | $5,590,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
40,174 | $8,095,649,000 |
$189,173 | $5,600,000 |
$82,538 | $5,590,000 |
| FHA-insured (Federal Housing Administration) |
4,130 | $489,737,000 |
$132,250 | $611,000 |
$47,425 | $388,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
33 | $5,828,000 |
$156,600 | $508,000 |
$36,600 | $119,000 |
| VA-guaranteed (Veterans Administration) |
767 | $120,100,000 |
$174,081 | $367,000 |
$59,513 | $859,000 |
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| Application Approved But Not Accepted |
4,715 | $1,012,299,000 |
$186,333 | $4,000,000 |
$77,166 | $3,458,000 |
| Application Denied By Financial Institution |
4,324 | $800,353,000 |
$183,117 | $3,920,000 |
$79,823 | $1,588,000 |
| Application Withdrawn By Applicant |
6,115 | $1,395,865,000 |
$208,078 | $5,600,000 |
$71,960 | $3,446,000 |
| File Closed For Incompleteness |
449 | $102,946,000 |
$187,750 | $4,453,000 |
$77,666 | $3,276,000 |
| Loan Originated |
28,457 | $5,273,517,000 |
$183,538 | $2,900,000 |
$90,576 | $5,590,000 |
| 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 |
1,044 | $126,334,000 |
$121,000 | $1,125,000 |
$49,000 | $859,000 |
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| Collateral |
555 | $101,536,000 |
$175,697 | $2,940,000 |
$74,000 | $822,000 |
| Credit Application Incomplete |
36 | $9,249,000 |
$166,800 | $960,000 |
$64,000 | $258,000 |
| Credit History |
1,940 | $264,761,000 |
$164,179 | $2,080,000 |
$67,769 | $1,526,000 |
| Debt-To-Income Ratio |
677 | $111,120,000 |
$170,868 | $1,575,000 |
$72,157 | $659,000 |
| Employment History |
254 | $47,273,000 |
$164,700 | $1,610,000 |
$74,300 | $1,588,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
194 | $37,569,000 |
$188,857 | $2,000,000 |
$79,285 | $1,109,000 |
| Mortgage Insurance Denied |
10 | $1,439,000 |
$147,000 | $374,000 |
$67,200 | $276,000 |
| Other |
1,699 | $353,142,000 |
$197,282 | $3,920,000 |
$90,543 | $1,200,000 |
| Unverifiable Information |
3 | $598,000 |
$164,000 | $413,000 |
$19,500 | $42,000 |
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Mortgage Loan App Totals for RBC MORTGAGE by:
Metropolitan Area And
County
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