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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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RELIANCE SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
RELIANCE SAVINGS BANK |
| Address | 1119 12TH POB1968
ALTOONA, PA 16602 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 461 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $46,123,000 |
| Average Mortgage Loan Amount Applied For | $107,111 |
| Highest Mortgage Loan Amount Applied For | $680,000 |
| Average Applicant Income | $76,111 |
| Highest Applicant Income | $565,000 |
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| Home Improvement |
124 | $6,662,000 |
$53,000 | $533,000 |
$84,000 | $492,000 |
| Home Purchase |
185 | $28,214,000 |
$152,000 | $680,000 |
$77,000 | $565,000 |
| Refinancing |
188 | $15,524,000 |
$82,000 | $417,000 |
$67,000 | $262,000 |
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| American Indian or Alaskan Native |
1 | $107,000 |
$107,000 | $107,000 |
$36,000 | $36,000 |
| Asian |
1 | $80,000 |
$80,000 | $80,000 |
$21,000 | $21,000 |
| Black or African American |
6 | $592,000 |
$98,000 | $315,000 |
$86,000 | $147,000 |
| Hispanic |
9 | $700,000 |
$77,000 | $277,000 |
$46,000 | $88,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
17 | $790,000 |
$46,000 | $145,000 |
$100,000 | $555,000 |
| White |
463 | $48,131,000 |
$103,000 | $680,000 |
$75,000 | $565,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
497 | $50,400,000 |
$101,000 | $680,000 |
$75,000 | $565,000 |
| 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 |
1 | $178,000 |
$178,000 | $178,000 |
$56,000 | $56,000 |
| Application Denied By Financial Institution |
20 | $2,845,000 |
$142,000 | $410,000 |
$64,000 | $219,000 |
| Application Withdrawn By Applicant |
29 | $2,398,000 |
$82,000 | $213,000 |
$77,000 | $555,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
411 | $40,702,000 |
$99,000 | $680,000 |
$78,000 | $565,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
20 | $2,986,000 |
$149,000 | $380,000 |
$62,000 | $169,000 |
| Preapproval Denied by Financial Institution |
16 | $1,291,000 |
$80,000 | $175,000 |
$37,000 | $77,000 |
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| Collateral |
4 | $691,000 |
$172,000 | $260,000 |
$81,000 | $219,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
15 | $1,095,000 |
$73,000 | $181,000 |
$42,000 | $111,000 |
| Debt-To-Income Ratio |
9 | $1,225,000 |
$136,000 | $380,000 |
$49,000 | $135,000 |
| Employment History |
1 | $57,000 |
$57,000 | $57,000 |
$16,000 | $16,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $334,000 |
$167,000 | $234,000 |
$75,000 | $102,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for RELIANCE SAVINGS BANK by:
Metropolitan Area And
County
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