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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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SUNTRUST BANKS, INC
Mortgage Loans and Application Details
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| Mortgage Company Name |
SUNTRUST BANKS, INC |
| Address | P.O. BOX 4418, MAIL CODE 663
ATLANTA, GA 30302 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 64,033 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $9,966,815,000 |
| Average Mortgage Loan Amount Applied For | $171,204 |
| Highest Mortgage Loan Amount Applied For | $10,000,000 |
| Average Applicant Income | $114,403 |
| Highest Applicant Income | $9,999,000 |
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| Home Improvement |
19,851 | $624,812,000 |
$31,000 | $2,300,000 |
$66,000 | $5,004,000 |
| Home Purchase |
23,644 | $6,214,854,000 |
$262,000 | $10,000,000 |
$149,000 | $9,999,000 |
| Refinancing |
20,538 | $3,127,149,000 |
$152,000 | $8,000,000 |
$122,000 | $9,999,000 |
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| American Indian or Alaskan Native |
288 | $14,740,000 |
$51,000 | $418,000 |
$86,000 | $755,000 |
| Asian |
795 | $60,341,000 |
$75,000 | $4,825,000 |
$111,000 | $2,665,000 |
| Black or African American |
6,089 | $212,692,000 |
$34,000 | $3,750,000 |
$58,000 | $3,600,000 |
| Hispanic |
2,735 | $118,934,000 |
$43,000 | $1,343,000 |
$66,000 | $2,860,000 |
| Native Hawaiin or Other Pacific Islander |
156 | $8,609,000 |
$55,000 | $400,000 |
$93,000 | $996,000 |
| Not applicable |
22,962 | $7,758,623,000 |
$337,000 | $10,000,000 |
$171,000 | $9,999,000 |
| Not Provided |
8,231 | $471,208,000 |
$57,000 | $1,250,000 |
$94,000 | $5,459,000 |
| White |
22,777 | $1,321,668,000 |
$58,000 | $7,668,000 |
$87,000 | $7,777,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
64,019 | $9,965,079,000 |
$155,000 | $10,000,000 |
$115,000 | $9,999,000 |
| FHA-insured (Federal Housing Administration) |
10 | $1,061,000 |
$106,000 | $170,000 |
$62,000 | $115,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
4 | $675,000 |
$168,000 | $246,000 |
$76,000 | $106,000 |
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| Application Approved But Not Accepted |
7,139 | $445,169,000 |
$62,000 | $750,000 |
$95,000 | $3,600,000 |
| Application Denied By Financial Institution |
16,376 | $653,142,000 |
$39,000 | $7,668,000 |
$59,000 | $4,190,000 |
| Application Withdrawn By Applicant |
24 | $1,284,000 |
$53,000 | $136,000 |
$76,000 | $300,000 |
| File Closed For Incompleteness |
2 | $111,000 |
$55,000 | $72,000 |
$0 | $0 |
| Loan Originated |
18,161 | $1,261,744,000 |
$69,000 | $10,000,000 |
$98,000 | $7,777,000 |
| Loan Purchased By The Institution |
22,331 | $7,605,365,000 |
$340,000 | $8,000,000 |
$176,000 | $9,999,000 |
| 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 |
742 | $51,460,000 |
$69,000 | $3,500,000 |
$102,000 | $2,700,000 |
| Credit Application Incomplete |
81 | $4,911,000 |
$60,000 | $244,000 |
$90,000 | $250,000 |
| Credit History |
10,497 | $310,641,000 |
$29,000 | $7,668,000 |
$54,000 | $4,190,000 |
| Debt-To-Income Ratio |
4,495 | $244,674,000 |
$54,000 | $5,000,000 |
$58,000 | $1,260,000 |
| Employment History |
47 | $1,152,000 |
$24,000 | $160,000 |
$49,000 | $200,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
284 | $22,522,000 |
$79,000 | $1,250,000 |
$119,000 | $946,000 |
| Mortgage Insurance Denied |
1 | $10,000 |
$10,000 | $10,000 |
$38,000 | $38,000 |
| Other |
211 | $16,430,000 |
$77,000 | $620,000 |
$95,000 | $1,000,000 |
| Unverifiable Information |
18 | $1,342,000 |
$74,000 | $333,000 |
$87,000 | $330,000 |
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Mortgage Loan App Totals for SUNTRUST BANKS, INC by:
Metropolitan Area And
County
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