|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
REGIONS BANK
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
REGIONS BANK |
| Address | P.O. BOX 10247
BIRMINGHAM, AL 35202-0247 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 61,791 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $8,142,720,000 |
| Average Mortgage Loan Amount Applied For | $139,915 |
| Highest Mortgage Loan Amount Applied For | $9,871,000 |
| Average Applicant Income | $63,894 |
| Highest Applicant Income | $9,999,000 |
|
|
|
| Home Improvement |
4,993 | $141,306,000 |
$28,000 | $2,391,000 |
$68,000 | $5,500,000 |
| Home Purchase |
30,564 | $4,821,033,000 |
$157,000 | $6,553,000 |
$82,000 | $9,999,000 |
| Refinancing |
26,379 | $3,193,453,000 |
$121,000 | $9,871,000 |
$75,000 | $9,999,000 |
|
|
| American Indian or Alaskan Native |
232 | $23,325,000 |
$100,000 | $3,000,000 |
$74,000 | $502,000 |
| Asian |
638 | $114,178,000 |
$178,000 | $2,200,000 |
$115,000 | $1,311,000 |
| Black or African American |
5,910 | $542,176,000 |
$91,000 | $6,553,000 |
$58,000 | $3,500,000 |
| Hispanic |
2,214 | $335,709,000 |
$151,000 | $4,100,000 |
$96,000 | $5,880,000 |
| Native Hawaiin or Other Pacific Islander |
99 | $16,389,000 |
$165,000 | $1,270,000 |
$117,000 | $1,179,000 |
| Not applicable |
4,602 | $955,939,000 |
$207,000 | $9,871,000 |
$0 | $236,000 |
| Not Provided |
5,394 | $669,890,000 |
$124,000 | $4,550,000 |
$85,000 | $3,600,000 |
| White |
42,847 | $5,498,186,000 |
$128,000 | $6,760,000 |
$87,000 | $9,999,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
57,967 | $7,681,952,000 |
$132,000 | $9,871,000 |
$81,000 | $9,999,000 |
| FHA-insured (Federal Housing Administration) |
2,909 | $334,614,000 |
$115,000 | $305,000 |
$32,000 | $1,324,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
259 | $23,902,000 |
$92,000 | $245,000 |
$36,000 | $81,000 |
| VA-guaranteed (Veterans Administration) |
801 | $115,324,000 |
$143,000 | $417,000 |
$45,000 | $393,000 |
|
|
| Application Approved But Not Accepted |
3,227 | $280,827,000 |
$87,000 | $9,871,000 |
$90,000 | $3,600,000 |
| Application Denied By Financial Institution |
15,933 | $1,602,150,000 |
$100,000 | $6,760,000 |
$66,000 | $5,880,000 |
| Application Withdrawn By Applicant |
3,869 | $758,799,000 |
$196,000 | $6,553,000 |
$107,000 | $3,860,000 |
| File Closed For Incompleteness |
605 | $88,095,000 |
$145,000 | $4,040,000 |
$72,000 | $1,479,000 |
| Loan Originated |
34,005 | $4,560,925,000 |
$134,000 | $5,524,000 |
$89,000 | $9,999,000 |
| Loan Purchased By The Institution |
4,210 | $854,378,000 |
$202,000 | $2,115,000 |
$0 | $0 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
87 | $10,618,000 |
$122,000 | $720,000 |
$58,000 | $1,146,000 |
|
|
| Collateral |
1,154 | $137,758,000 |
$119,000 | $1,250,000 |
$81,000 | $2,172,000 |
| Credit Application Incomplete |
3,459 | $552,741,000 |
$159,000 | $6,760,000 |
$80,000 | $5,880,000 |
| Credit History |
6,282 | $363,543,000 |
$57,000 | $2,391,000 |
$52,000 | $5,500,000 |
| Debt-To-Income Ratio |
2,108 | $142,417,000 |
$67,000 | $6,750,000 |
$54,000 | $1,656,000 |
| Employment History |
97 | $5,280,000 |
$54,000 | $257,000 |
$46,000 | $192,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
941 | $168,360,000 |
$178,000 | $4,550,000 |
$88,000 | $2,700,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1,232 | $139,981,000 |
$113,000 | $3,400,000 |
$77,000 | $1,324,000 |
| Unverifiable Information |
747 | $102,688,000 |
$137,000 | $1,471,000 |
$75,000 | $1,200,000 |
|
Mortgage Loan App Totals for REGIONS BANK by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
