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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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SHOREBANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
SHOREBANK |
| Address | 7054 S. JEFFERY BLVD.
CHICAGO, IL 60649 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,182 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $330,351,000 |
| Average Mortgage Loan Amount Applied For | $1,237,600 |
| Highest Mortgage Loan Amount Applied For | $53,000,000 |
| Average Applicant Income | $75,700 |
| Highest Applicant Income | $384,000 |
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| Home Improvement |
370 | $74,214,000 |
$200,000 | $13,500,000 |
$23,000 | $289,000 |
| Home Purchase |
642 | $202,128,000 |
$314,000 | $53,000,000 |
$27,000 | $282,000 |
| Refinancing |
278 | $57,856,000 |
$208,000 | $2,400,000 |
$45,000 | $384,000 |
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| American Indian or Alaskan Native |
1 | $56,000 |
$56,000 | $56,000 |
$0 | $0 |
| Asian |
52 | $15,789,000 |
$303,000 | $4,000,000 |
$11,000 | $289,000 |
| Black or African American |
981 | $148,216,000 |
$151,000 | $1,700,000 |
$32,000 | $384,000 |
| Hispanic |
40 | $8,678,000 |
$216,000 | $695,000 |
$39,000 | $198,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $506,000 |
$253,000 | $255,000 |
$39,000 | $78,000 |
| Not applicable |
41 | $85,956,000 |
$2,096,000 | $53,000,000 |
$2,000 | $88,000 |
| Not Provided |
9 | $1,099,000 |
$122,000 | $378,000 |
$9,000 | $52,000 |
| White |
164 | $73,898,000 |
$450,000 | $6,700,000 |
$27,000 | $364,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,290 | $334,198,000 |
$259,000 | $53,000,000 |
$29,000 | $384,000 |
| 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 |
58 | $13,730,000 |
$236,000 | $1,986,000 |
$29,000 | $363,000 |
| Application Denied By Financial Institution |
158 | $30,885,000 |
$195,000 | $1,943,000 |
$35,000 | $216,000 |
| Application Withdrawn By Applicant |
51 | $62,451,000 |
$1,224,000 | $53,000,000 |
$38,000 | $364,000 |
| File Closed For Incompleteness |
6 | $649,000 |
$108,000 | $190,000 |
$49,000 | $125,000 |
| Loan Originated |
904 | $221,905,000 |
$245,000 | $13,500,000 |
$26,000 | $384,000 |
| 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 |
113 | $4,578,000 |
$40,000 | $369,000 |
$42,000 | $124,000 |
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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 SHOREBANK by:
Metropolitan Area And
County
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