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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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SCOTIABANK DE PURTO RICO
Mortgage Loans and Application Details
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| Mortgage Company Name |
SCOTIABANK DE PURTO RICO |
| Address | 273 PONCE DE LEON, HATO REY
SAN JUAN, PR 00917 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,380 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $247,413,000 |
| Average Mortgage Loan Amount Applied For | $88,428 |
| Highest Mortgage Loan Amount Applied For | $1,680,000 |
| Average Applicant Income | $52,805 |
| Highest Applicant Income | $1,385,000 |
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| Home Improvement |
778 | $8,416,000 |
$10,000 | $195,000 |
$34,000 | $552,000 |
| Home Purchase |
877 | $143,674,000 |
$163,000 | $1,250,000 |
$71,000 | $1,385,000 |
| Refinancing |
725 | $95,323,000 |
$131,000 | $1,680,000 |
$68,000 | $1,260,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
3 | $1,031,000 |
$343,000 | $711,000 |
$241,000 | $454,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
2,295 | $240,042,000 |
$104,000 | $1,680,000 |
$58,000 | $1,385,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
53 | $1,301,000 |
$24,000 | $375,000 |
$31,000 | $126,000 |
| White |
29 | $5,039,000 |
$173,000 | $650,000 |
$102,000 | $707,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,218 | $226,502,000 |
$102,000 | $1,680,000 |
$59,000 | $1,385,000 |
| FHA-insured (Federal Housing Administration) |
64 | $8,686,000 |
$135,000 | $248,000 |
$49,000 | $168,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
77 | $8,727,000 |
$113,000 | $224,000 |
$33,000 | $59,000 |
| VA-guaranteed (Veterans Administration) |
21 | $3,498,000 |
$166,000 | $283,000 |
$52,000 | $96,000 |
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| Application Approved But Not Accepted |
85 | $13,265,000 |
$156,000 | $537,000 |
$80,000 | $593,000 |
| Application Denied By Financial Institution |
706 | $46,781,000 |
$66,000 | $1,166,000 |
$42,000 | $615,000 |
| Application Withdrawn By Applicant |
281 | $29,732,000 |
$105,000 | $711,000 |
$62,000 | $741,000 |
| File Closed For Incompleteness |
124 | $16,827,000 |
$135,000 | $815,000 |
$57,000 | $503,000 |
| Loan Originated |
1,184 | $140,808,000 |
$118,000 | $1,680,000 |
$65,000 | $1,385,000 |
| 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 |
15 | $2,528,000 |
$168,000 | $950,000 |
$83,000 | $576,000 |
| Credit Application Incomplete |
8 | $98,000 |
$12,000 | $15,000 |
$44,000 | $110,000 |
| Credit History |
402 | $24,297,000 |
$60,000 | $1,166,000 |
$43,000 | $615,000 |
| Debt-To-Income Ratio |
134 | $8,588,000 |
$64,000 | $486,000 |
$30,000 | $100,000 |
| Employment History |
28 | $3,601,000 |
$128,000 | $485,000 |
$45,000 | $135,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
27 | $1,567,000 |
$58,000 | $191,000 |
$43,000 | $224,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
90 | $6,082,000 |
$67,000 | $896,000 |
$47,000 | $384,000 |
| Unverifiable Information |
2 | $20,000 |
$10,000 | $15,000 |
$41,000 | $72,000 |
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Mortgage Loan App Totals for SCOTIABANK DE PURTO RICO by:
Metropolitan Area And
County
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