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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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SUN AMERICAN BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
SUN AMERICAN BANK |
| Address | 7300 CORPORATE CENTER DR. #102
MIAMI, FL 33126 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 60 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $38,900,000 |
| Average Mortgage Loan Amount Applied For | $665,666 |
| Highest Mortgage Loan Amount Applied For | $17,000,000 |
| Average Applicant Income | $135,666 |
| Highest Applicant Income | $2,511,000 |
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| Home Improvement |
4 | $2,652,000 |
$663,000 | $2,347,000 |
$776,000 | $2,511,000 |
| Home Purchase |
30 | $13,776,000 |
$459,000 | $2,100,000 |
$11,000 | $350,000 |
| Refinancing |
26 | $22,472,000 |
$864,000 | $17,000,000 |
$97,000 | $502,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
2 | $314,000 |
$157,000 | $259,000 |
$193,000 | $350,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
36 | $33,783,000 |
$938,000 | $17,000,000 |
$0 | $0 |
| Not Provided |
20 | $4,483,000 |
$224,000 | $2,347,000 |
$255,000 | $2,511,000 |
| White |
2 | $320,000 |
$160,000 | $240,000 |
$253,000 | $420,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
60 | $38,900,000 |
$648,000 | $17,000,000 |
$100,000 | $2,511,000 |
| 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 |
5 | $1,457,000 |
$291,000 | $800,000 |
$54,000 | $86,000 |
| Application Denied By Financial Institution |
10 | $3,367,000 |
$336,000 | $2,347,000 |
$439,000 | $2,511,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
16 | $21,024,000 |
$1,314,000 | $17,000,000 |
$83,000 | $350,000 |
| Loan Purchased By The Institution |
29 | $13,052,000 |
$450,000 | $2,100,000 |
$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 | $37,000 |
$37,000 | $37,000 |
$502,000 | $502,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $160,000 |
$160,000 | $160,000 |
$140,000 | $140,000 |
| Debt-To-Income Ratio |
5 | $328,000 |
$65,000 | $85,000 |
$151,000 | $420,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $2,542,000 |
$1,271,000 | $2,347,000 |
$1,455,000 | $2,511,000 |
| Unverifiable Information |
1 | $300,000 |
$300,000 | $300,000 |
$84,000 | $84,000 |
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Mortgage Loan App Totals for SUN AMERICAN BANK by:
Metropolitan Area And
County
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