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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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SUMMIT BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
SUMMIT BANK |
| Address | 3880 HULEN ST STE 100
FT WORTH, TX 76107 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 462 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $51,996,000 |
| Average Mortgage Loan Amount Applied For | $158,375 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $189,416 |
| Highest Applicant Income | $9,544,000 |
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| Home Improvement |
105 | $5,523,000 |
$52,000 | $425,000 |
$159,000 | $1,693,000 |
| Home Purchase |
317 | $41,599,000 |
$131,000 | $1,000,000 |
$161,000 | $9,544,000 |
| Refinancing |
40 | $4,874,000 |
$121,000 | $417,000 |
$109,000 | $564,000 |
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| American Indian or Alaskan Native |
1 | $56,000 |
$56,000 | $56,000 |
$28,000 | $28,000 |
| Asian |
4 | $427,000 |
$106,000 | $122,000 |
$159,000 | $272,000 |
| Black or African American |
11 | $737,000 |
$67,000 | $258,000 |
$116,000 | $245,000 |
| Hispanic |
19 | $1,235,000 |
$65,000 | $228,000 |
$140,000 | $1,087,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
144 | $14,449,000 |
$100,000 | $1,000,000 |
$0 | $0 |
| Not Provided |
22 | $2,496,000 |
$113,000 | $327,000 |
$118,000 | $340,000 |
| White |
261 | $32,596,000 |
$124,000 | $988,000 |
$249,000 | $9,544,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
461 | $51,897,000 |
$112,000 | $1,000,000 |
$156,000 | $9,544,000 |
| FHA-insured (Federal Housing Administration) |
1 | $99,000 |
$99,000 | $99,000 |
$58,000 | $58,000 |
| 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 |
19 | $2,580,000 |
$135,000 | $960,000 |
$173,000 | $480,000 |
| Application Denied By Financial Institution |
23 | $930,000 |
$40,000 | $300,000 |
$57,000 | $150,000 |
| Application Withdrawn By Applicant |
5 | $769,000 |
$153,000 | $320,000 |
$87,000 | $162,000 |
| File Closed For Incompleteness |
1 | $213,000 |
$213,000 | $213,000 |
$52,000 | $52,000 |
| Loan Originated |
414 | $47,504,000 |
$114,000 | $1,000,000 |
$162,000 | $9,544,000 |
| 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 | $20,000 |
$20,000 | $20,000 |
$78,000 | $78,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
16 | $725,000 |
$45,000 | $300,000 |
$57,000 | $150,000 |
| Debt-To-Income Ratio |
5 | $86,000 |
$17,000 | $45,000 |
$53,000 | $96,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $99,000 |
$99,000 | $99,000 |
$58,000 | $58,000 |
| 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 SUMMIT BANK by:
Metropolitan Area And
County
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