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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 RICHMOND
Mortgage Loans and Application Details
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| Mortgage Company Name |
THE BANK OF RICHMOND |
| Address | 5300 PATTERSON AVE
RICHMOND, VA 23226-0000 |
| 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 | 106 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $21,550,000 |
| Average Mortgage Loan Amount Applied For | $229,200 |
| Highest Mortgage Loan Amount Applied For | $560,000 |
| Average Applicant Income | $76,733 |
| Highest Applicant Income | $508,000 |
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| Home Improvement |
14 | $1,153,000 |
$82,000 | $396,000 |
$53,000 | $115,000 |
| Home Purchase |
59 | $12,889,000 |
$218,000 | $550,000 |
$83,000 | $508,000 |
| Refinancing |
49 | $10,460,000 |
$213,000 | $560,000 |
$80,000 | $413,000 |
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| American Indian or Alaskan Native |
1 | $200,000 |
$200,000 | $200,000 |
$53,000 | $53,000 |
| Asian |
4 | $923,000 |
$230,000 | $488,000 |
$74,000 | $153,000 |
| Black or African American |
6 | $1,229,000 |
$204,000 | $390,000 |
$60,000 | $128,000 |
| Hispanic |
3 | $540,000 |
$180,000 | $225,000 |
$153,000 | $304,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $72,000 |
$72,000 | $72,000 |
$23,000 | $23,000 |
| Not applicable |
10 | $2,428,000 |
$242,000 | $480,000 |
$136,000 | $508,000 |
| Not Provided |
42 | $7,590,000 |
$180,000 | $560,000 |
$39,000 | $160,000 |
| White |
55 | $11,520,000 |
$209,000 | $550,000 |
$98,000 | $413,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
121 | $24,374,000 |
$201,000 | $560,000 |
$79,000 | $508,000 |
| 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) |
1 | $128,000 |
$128,000 | $128,000 |
$34,000 | $34,000 |
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| Application Approved But Not Accepted |
4 | $802,000 |
$200,000 | $417,000 |
$115,000 | $160,000 |
| Application Denied By Financial Institution |
9 | $811,000 |
$90,000 | $200,000 |
$32,000 | $67,000 |
| Application Withdrawn By Applicant |
34 | $7,390,000 |
$217,000 | $560,000 |
$55,000 | $304,000 |
| File Closed For Incompleteness |
12 | $2,540,000 |
$211,000 | $400,000 |
$53,000 | $130,000 |
| Loan Originated |
63 | $12,959,000 |
$205,000 | $488,000 |
$101,000 | $508,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
6 | $679,000 |
$113,000 | $200,000 |
$27,000 | $51,000 |
| Debt-To-Income Ratio |
3 | $132,000 |
$44,000 | $90,000 |
$43,000 | $67,000 |
| 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 |
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 RICHMOND by:
Metropolitan Area And
County
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