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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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THE BANK OF NEW YORK
Mortgage Loans and Application Details
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| Mortgage Company Name |
THE BANK OF NEW YORK |
| Address | ONE WALL STREET
NEW YORK, NY 10286 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 9,619 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $2,170,105,000 |
| Average Mortgage Loan Amount Applied For | $328,301 |
| Highest Mortgage Loan Amount Applied For | $7,500,000 |
| Average Applicant Income | $36,910 |
| Highest Applicant Income | $7,830,000 |
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| Home Improvement |
1,608 | $110,665,000 |
$68,000 | $2,000,000 |
$107,000 | $1,600,000 |
| Home Purchase |
3,757 | $1,140,745,000 |
$303,000 | $7,500,000 |
$15,000 | $7,830,000 |
| Refinancing |
4,254 | $918,695,000 |
$215,000 | $6,000,000 |
$78,000 | $6,626,000 |
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| American Indian or Alaskan Native |
58 | $5,979,000 |
$103,000 | $500,000 |
$102,000 | $480,000 |
| Asian |
243 | $30,150,000 |
$124,000 | $2,000,000 |
$119,000 | $665,000 |
| Black or African American |
215 | $14,416,000 |
$67,000 | $500,000 |
$86,000 | $1,080,000 |
| Hispanic |
371 | $30,286,000 |
$81,000 | $648,000 |
$85,000 | $320,000 |
| Native Hawaiin or Other Pacific Islander |
17 | $2,149,000 |
$126,000 | $1,220,000 |
$114,000 | $274,000 |
| Not applicable |
5,179 | $1,635,848,000 |
$315,000 | $6,000,000 |
$0 | $530,000 |
| Not Provided |
801 | $168,891,000 |
$210,000 | $6,000,000 |
$197,000 | $7,830,000 |
| White |
2,735 | $282,386,000 |
$103,000 | $7,500,000 |
$117,000 | $6,000,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
9,619 | $2,170,105,000 |
$225,000 | $7,500,000 |
$59,000 | $7,830,000 |
| 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 |
652 | $69,100,000 |
$105,000 | $2,500,000 |
$139,000 | $5,581,000 |
| Application Denied By Financial Institution |
994 | $123,406,000 |
$124,000 | $2,000,000 |
$87,000 | $1,080,000 |
| Application Withdrawn By Applicant |
439 | $96,488,000 |
$219,000 | $7,500,000 |
$141,000 | $6,000,000 |
| File Closed For Incompleteness |
53 | $6,497,000 |
$122,000 | $500,000 |
$121,000 | $500,000 |
| Loan Originated |
2,321 | $258,591,000 |
$111,000 | $6,000,000 |
$138,000 | $7,830,000 |
| Loan Purchased By The Institution |
5,160 | $1,616,023,000 |
$313,000 | $2,278,000 |
$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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for THE BANK OF NEW YORK by:
Metropolitan Area And
County
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