|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
SANDY SPRING BANK
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
SANDY SPRING BANK |
| Address | 17801 GEORGIA AVENUE
OLNEY, MD 20832 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,913 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $628,505,000 |
| Average Mortgage Loan Amount Applied For | $312,630 |
| Highest Mortgage Loan Amount Applied For | $6,000,000 |
| Average Applicant Income | $143,904 |
| Highest Applicant Income | $7,683,000 |
|
|
|
| Home Improvement |
244 | $34,540,000 |
$141,000 | $820,000 |
$124,000 | $983,000 |
| Home Purchase |
948 | $411,626,000 |
$434,000 | $4,200,000 |
$172,000 | $7,683,000 |
| Refinancing |
762 | $193,402,000 |
$253,000 | $6,000,000 |
$125,000 | $1,320,000 |
|
|
| American Indian or Alaskan Native |
7 | $2,158,000 |
$308,000 | $720,000 |
$153,000 | $275,000 |
| Asian |
49 | $22,342,000 |
$455,000 | $3,276,000 |
$147,000 | $452,000 |
| Black or African American |
210 | $62,582,000 |
$298,000 | $2,550,000 |
$116,000 | $1,328,000 |
| Hispanic |
57 | $13,467,000 |
$236,000 | $730,000 |
$104,000 | $458,000 |
| Native Hawaiin or Other Pacific Islander |
7 | $2,086,000 |
$298,000 | $468,000 |
$103,000 | $224,000 |
| Not applicable |
3 | $671,000 |
$223,000 | $325,000 |
$47,000 | $143,000 |
| Not Provided |
405 | $148,772,000 |
$367,000 | $1,900,000 |
$145,000 | $1,314,000 |
| White |
1,216 | $387,490,000 |
$318,000 | $6,000,000 |
$156,000 | $7,683,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,953 | $639,474,000 |
$327,000 | $6,000,000 |
$148,000 | $7,683,000 |
| FHA-insured (Federal Housing Administration) |
1 | $94,000 |
$94,000 | $94,000 |
$50,000 | $50,000 |
| 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 |
|
|
| Application Approved But Not Accepted |
92 | $24,528,000 |
$266,000 | $2,550,000 |
$150,000 | $1,328,000 |
| Application Denied By Financial Institution |
123 | $32,921,000 |
$267,000 | $6,000,000 |
$127,000 | $700,000 |
| Application Withdrawn By Applicant |
206 | $71,047,000 |
$344,000 | $1,682,000 |
$134,000 | $1,025,000 |
| File Closed For Incompleteness |
214 | $86,047,000 |
$402,000 | $2,400,000 |
$148,000 | $1,820,000 |
| Loan Originated |
1,319 | $425,025,000 |
$322,000 | $4,200,000 |
$151,000 | $7,683,000 |
| 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 |
|
|
| Collateral |
22 | $7,241,000 |
$329,000 | $1,000,000 |
$165,000 | $637,000 |
| Credit Application Incomplete |
2 | $288,000 |
$144,000 | $170,000 |
$89,000 | $100,000 |
| Credit History |
37 | $5,519,000 |
$149,000 | $714,000 |
$107,000 | $381,000 |
| Debt-To-Income Ratio |
39 | $8,508,000 |
$218,000 | $800,000 |
$109,000 | $649,000 |
| Employment History |
2 | $326,000 |
$163,000 | $243,000 |
$174,000 | $348,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $200,000 |
$200,000 | $200,000 |
$41,000 | $41,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
13 | $10,193,000 |
$784,000 | $6,000,000 |
$202,000 | $700,000 |
| Unverifiable Information |
7 | $646,000 |
$92,000 | $200,000 |
$91,000 | $206,000 |
|
Mortgage Loan App Totals for SANDY SPRING BANK by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
