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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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SOLVAY BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
SOLVAY BANK |
| Address | 1537 MILTON AVENUE
SOLVAY, NY 13209 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 435 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $29,467,000 |
| Average Mortgage Loan Amount Applied For | $109,222 |
| Highest Mortgage Loan Amount Applied For | $725,000 |
| Average Applicant Income | $202,555 |
| Highest Applicant Income | $1,838,000 |
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| Home Improvement |
208 | $5,548,000 |
$26,000 | $725,000 |
$60,000 | $402,000 |
| Home Purchase |
149 | $17,407,000 |
$116,000 | $417,000 |
$135,000 | $1,838,000 |
| Refinancing |
78 | $6,512,000 |
$83,000 | $600,000 |
$76,000 | $787,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $55,000 |
$27,000 | $40,000 |
$53,000 | $83,000 |
| Black or African American |
10 | $419,000 |
$41,000 | $190,000 |
$51,000 | $117,000 |
| Hispanic |
4 | $168,000 |
$42,000 | $132,000 |
$46,000 | $79,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $347,000 |
$347,000 | $347,000 |
$317,000 | $317,000 |
| Not applicable |
1 | $50,000 |
$50,000 | $50,000 |
$0 | $0 |
| Not Provided |
1 | $4,000 |
$4,000 | $4,000 |
$57,000 | $57,000 |
| White |
416 | $28,424,000 |
$68,000 | $725,000 |
$90,000 | $1,838,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
435 | $29,467,000 |
$67,000 | $725,000 |
$88,000 | $1,838,000 |
| 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 |
16 | $603,000 |
$37,000 | $238,000 |
$56,000 | $143,000 |
| Application Denied By Financial Institution |
41 | $2,184,000 |
$53,000 | $725,000 |
$43,000 | $168,000 |
| Application Withdrawn By Applicant |
2 | $198,000 |
$99,000 | $178,000 |
$22,000 | $45,000 |
| File Closed For Incompleteness |
6 | $431,000 |
$71,000 | $176,000 |
$83,000 | $208,000 |
| Loan Originated |
370 | $26,051,000 |
$70,000 | $600,000 |
$95,000 | $1,838,000 |
| 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 |
7 | $298,000 |
$42,000 | $150,000 |
$68,000 | $140,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
18 | $1,210,000 |
$67,000 | $725,000 |
$47,000 | $168,000 |
| Debt-To-Income Ratio |
14 | $555,000 |
$39,000 | $176,000 |
$28,000 | $43,000 |
| Employment History |
2 | $121,000 |
$60,000 | $96,000 |
$37,000 | $48,000 |
| 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 SOLVAY BANK by:
Metropolitan Area And
County
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