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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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STERLING BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
STERLING BANK |
| Address | 1189 HYPOLUXO ROAD
LANTANA, FL 33462 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 853 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $165,329,000 |
| Average Mortgage Loan Amount Applied For | $168,000 |
| Highest Mortgage Loan Amount Applied For | $1,535,000 |
| Average Applicant Income | $138,950 |
| Highest Applicant Income | $3,500,000 |
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| Home Improvement (one-to-four family) |
1 | $167,000 |
$167,000 | $167,000 |
$74,000 | $74,000 |
| Home Purchase (one-to-four family) |
542 | $116,893,000 |
$176,000 | $1,535,000 |
$125,500 | $3,500,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
5 | $2,661,000 |
$532,000 | $880,000 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
305 | $45,608,000 |
$134,000 | $1,100,000 |
$98,500 | $800,000 |
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| American Indian or Alaskan Native |
2 | $250,000 |
$125,000 | $150,000 |
$66,000 | $120,000 |
| Asian or Pacific Islander |
15 | $2,221,000 |
$148,000 | $360,000 |
$64,000 | $144,000 |
| Black |
217 | $32,606,000 |
$150,000 | $760,000 |
$114,000 | $3,500,000 |
| Hispanic |
90 | $14,926,000 |
$165,000 | $374,000 |
$45,000 | $133,000 |
| Information not provided by applicant in mail or telephone application |
1 | $245,000 |
$245,000 | $245,000 |
$87,000 | $87,000 |
| Not applicable |
42 | $15,054,000 |
$358,000 | $1,440,000 |
$0 | $0 |
| Other |
10 | $2,072,000 |
$207,000 | $348,000 |
$59,000 | $119,000 |
| White |
476 | $97,955,000 |
$146,000 | $1,535,000 |
$115,600 | $1,200,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
711 | $148,507,000 |
$146,600 | $1,535,000 |
$114,800 | $3,500,000 |
| FHA-insured (Federal Housing Administration) |
137 | $16,223,000 |
$118,000 | $245,000 |
$35,000 | $99,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
5 | $599,000 |
$119,000 | $137,000 |
$61,000 | $67,000 |
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| Application Approved But Not Accepted |
37 | $7,276,000 |
$196,000 | $1,100,000 |
$63,000 | $417,000 |
| Application Denied By Financial Institution |
76 | $11,916,000 |
$156,000 | $500,000 |
$60,000 | $451,000 |
| Application Withdrawn By Applicant |
63 | $12,837,000 |
$203,000 | $660,000 |
$73,000 | $800,000 |
| File Closed For Incompleteness |
6 | $897,000 |
$149,000 | $302,000 |
$48,000 | $81,000 |
| Loan Originated |
671 | $132,403,000 |
$144,200 | $1,535,000 |
$116,400 | $3,500,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
4 | $1,053,000 |
$263,000 | $500,000 |
$161,000 | $451,000 |
| Credit Application Incomplete |
2 | $266,000 |
$133,000 | $142,000 |
$51,000 | $62,000 |
| Credit History |
26 | $3,885,000 |
$149,000 | $493,000 |
$56,000 | $149,000 |
| Debt-To-Income Ratio |
22 | $3,221,000 |
$146,000 | $359,000 |
$41,000 | $115,000 |
| Employment History |
3 | $328,000 |
$109,000 | $139,000 |
$48,000 | $57,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
5 | $947,000 |
$189,000 | $361,000 |
$57,000 | $116,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
13 | $2,066,000 |
$158,000 | $399,000 |
$48,000 | $100,000 |
| Unverifiable Information |
1 | $150,000 |
$150,000 | $150,000 |
$120,000 | $120,000 |
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Mortgage Loan App Totals for STERLING BANK by:
Metropolitan Area And
County
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