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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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SANTANDER FINANCIAL SERVICES
Mortgage Loans and Application Details
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| Mortgage Company Name |
SANTANDER FINANCIAL SERVICES |
| Address | 998 SAN ROBERTO ST
SAN JUAN, PR 00926 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 424 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $23,302,000 |
| Average Mortgage Loan Amount Applied For | $52,781 |
| Highest Mortgage Loan Amount Applied For | $242,000 |
| Average Applicant Income | $31,484 |
| Highest Applicant Income | $134,000 |
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| Home Improvement |
457 | $24,930,000 |
$54,000 | $242,000 |
$32,000 | $134,000 |
| Home Purchase |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Refinancing |
4 | $364,000 |
$91,000 | $128,000 |
$45,000 | $70,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
1 | $44,000 |
$44,000 | $44,000 |
$29,000 | $29,000 |
| Hispanic |
447 | $24,250,000 |
$54,000 | $242,000 |
$32,000 | $134,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
13 | $1,000,000 |
$76,000 | $193,000 |
$32,000 | $71,000 |
| White |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
461 | $25,294,000 |
$54,000 | $242,000 |
$32,000 | $134,000 |
| 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 |
2 | $85,000 |
$42,000 | $60,000 |
$13,000 | $16,000 |
| Application Denied By Financial Institution |
137 | $6,930,000 |
$50,000 | $193,000 |
$32,000 | $132,000 |
| Application Withdrawn By Applicant |
32 | $1,676,000 |
$52,000 | $116,000 |
$29,000 | $63,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
290 | $16,603,000 |
$57,000 | $242,000 |
$33,000 | $134,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for SANTANDER FINANCIAL SERVICES by:
Metropolitan Area And
County
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