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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 SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
STERLING SAVINGS BANK |
| Address | 111 N WALL
SPOKANE, WA 99205 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2004 |
| All Data Years | 2003 2004 |
| Total Number of Mortgage Loan Applications Processed | 2,266 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $201,536,000 |
| Average Mortgage Loan Amount Applied For | $86,254 |
| Highest Mortgage Loan Amount Applied For | $2,800,000 |
| Average Applicant Income | $59,433 |
| Highest Applicant Income | $2,677,000 |
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| Home Improvement |
675 | $40,974,000 |
$51,800 | $868,000 |
$80,800 | $849,000 |
| Home Purchase |
202 | $29,437,000 |
$139,166 | $1,000,000 |
$59,166 | $1,406,000 |
| Refinancing |
1,389 | $131,125,000 |
$107,571 | $2,800,000 |
$63,857 | $2,677,000 |
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| American Indian or Alaskan Native |
23 | $1,535,000 |
$55,333 | $200,000 |
$41,666 | $239,000 |
| Asian |
15 | $2,384,000 |
$158,666 | $664,000 |
$132,666 | $514,000 |
| Black or African American |
2 | $154,000 |
$77,000 | $85,000 |
$56,000 | $68,000 |
| Hispanic |
71 | $5,046,000 |
$66,250 | $390,000 |
$63,250 | $130,000 |
| Native Hawaiin or Other Pacific Islander |
6 | $517,000 |
$84,000 | $144,000 |
$43,666 | $80,000 |
| Not applicable |
40 | $15,161,000 |
$532,750 | $2,800,000 |
$1,000 | $46,000 |
| Not Provided |
91 | $9,138,000 |
$117,833 | $500,000 |
$45,833 | $647,000 |
| White |
2,018 | $167,601,000 |
$76,875 | $868,000 |
$84,250 | $2,677,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,266 | $201,536,000 |
$87,750 | $2,800,000 |
$73,125 | $2,677,000 |
| 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 |
106 | $9,974,000 |
$91,750 | $400,000 |
$49,750 | $202,000 |
| Application Denied By Financial Institution |
396 | $35,607,000 |
$89,833 | $500,000 |
$54,166 | $490,000 |
| Application Withdrawn By Applicant |
47 | $5,361,000 |
$107,500 | $391,000 |
$52,750 | $249,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
1,717 | $150,594,000 |
$84,571 | $2,800,000 |
$86,285 | $2,677,000 |
| 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 |
96 | $7,810,000 |
$65,000 | $500,000 |
$44,250 | $125,000 |
| Credit Application Incomplete |
5 | $619,000 |
$120,500 | $252,000 |
$54,500 | $72,000 |
| Credit History |
188 | $12,548,000 |
$67,250 | $250,000 |
$33,750 | $144,000 |
| Debt-To-Income Ratio |
84 | $10,772,000 |
$141,000 | $500,000 |
$60,400 | $490,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $143,000 |
$143,000 | $143,000 |
$189,000 | $189,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
15 | $3,030,000 |
$136,500 | $500,000 |
$58,000 | $386,000 |
| Unverifiable Information |
7 | $685,000 |
$94,000 | $210,000 |
$33,500 | $129,000 |
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Mortgage Loan App Totals for STERLING SAVINGS BANK by:
Metropolitan Area And
County
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