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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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SOUND COMMUNITY BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
SOUND COMMUNITY BANK |
| Address | 2005 5TH AVE
SEATTLE, WA 98121 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 666 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $72,293,000 |
| Average Mortgage Loan Amount Applied For | $112,227 |
| Highest Mortgage Loan Amount Applied For | $730,000 |
| Average Applicant Income | $103,272 |
| Highest Applicant Income | $1,560,000 |
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| Home Improvement |
94 | $5,073,000 |
$53,000 | $250,000 |
$73,000 | $312,000 |
| Home Purchase |
296 | $33,101,000 |
$111,000 | $730,000 |
$71,000 | $1,560,000 |
| Refinancing |
280 | $34,501,000 |
$123,000 | $636,000 |
$69,000 | $349,000 |
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| American Indian or Alaskan Native |
2 | $248,000 |
$124,000 | $125,000 |
$44,000 | $56,000 |
| Asian |
12 | $1,514,000 |
$126,000 | $254,000 |
$51,000 | $93,000 |
| Black or African American |
15 | $1,537,000 |
$102,000 | $299,000 |
$53,000 | $96,000 |
| Hispanic |
25 | $2,985,000 |
$119,000 | $417,000 |
$71,000 | $234,000 |
| Native Hawaiin or Other Pacific Islander |
7 | $1,511,000 |
$215,000 | $263,000 |
$66,000 | $100,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
40 | $3,251,000 |
$81,000 | $417,000 |
$89,000 | $371,000 |
| White |
569 | $61,629,000 |
$108,000 | $730,000 |
$70,000 | $1,560,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
670 | $72,675,000 |
$108,000 | $730,000 |
$71,000 | $1,560,000 |
| 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 |
8 | $502,000 |
$62,000 | $200,000 |
$39,000 | $60,000 |
| Application Denied By Financial Institution |
62 | $3,448,000 |
$55,000 | $250,000 |
$45,000 | $247,000 |
| Application Withdrawn By Applicant |
32 | $5,194,000 |
$162,000 | $417,000 |
$59,000 | $167,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
568 | $63,531,000 |
$111,000 | $730,000 |
$74,000 | $1,560,000 |
| 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 |
1 | $100,000 |
$100,000 | $100,000 |
$40,000 | $40,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
38 | $1,956,000 |
$51,000 | $240,000 |
$50,000 | $247,000 |
| Debt-To-Income Ratio |
10 | $592,000 |
$59,000 | $250,000 |
$36,000 | $72,000 |
| Employment History |
1 | $30,000 |
$30,000 | $30,000 |
$30,000 | $30,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $223,000 |
$74,000 | $149,000 |
$41,000 | $67,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
4 | $273,000 |
$68,000 | $128,000 |
$48,000 | $80,000 |
| Unverifiable Information |
5 | $274,000 |
$54,000 | $120,000 |
$33,000 | $43,000 |
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Mortgage Loan App Totals for SOUND COMMUNITY BANK by:
Metropolitan Area And
County
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