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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 FIRST COMMERICAL BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
THE FIRST COMMERICAL BANK |
| Address | 6945 N CLARK STREET
CHICAGO, IL 60626 |
| Agency | Federal Reserve System (FRS) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 107 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $41,840,000 |
| Average Mortgage Loan Amount Applied For | $318,000 |
| Highest Mortgage Loan Amount Applied For | $1,500,000 |
| Average Applicant Income | $221,000 |
| Highest Applicant Income | $723,000 |
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| Home Improvement (one-to-four family) |
4 | $578,000 |
$144,000 | $200,000 |
$66,000 | $98,000 |
| Home Purchase (one-to-four family) |
32 | $8,066,000 |
$256,000 | $750,000 |
$405,000 | $723,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
44 | $24,691,000 |
$561,000 | $1,300,000 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
27 | $8,505,000 |
$315,000 | $1,500,000 |
$98,000 | $500,000 |
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| American Indian or Alaskan Native |
2 | $259,000 |
$129,000 | $160,000 |
$76,000 | $77,000 |
| Asian or Pacific Islander |
4 | $1,092,000 |
$273,000 | $565,000 |
$53,000 | $98,000 |
| Black |
1 | $360,000 |
$360,000 | $360,000 |
$0 | $0 |
| Hispanic |
16 | $4,910,000 |
$306,000 | $758,000 |
$57,000 | $126,000 |
| Information not provided by applicant in mail or telephone application |
3 | $1,120,000 |
$373,000 | $600,000 |
$115,000 | $295,000 |
| Not applicable |
19 | $11,584,000 |
$609,000 | $1,300,000 |
$5,000 | $36,000 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
62 | $22,515,000 |
$312,500 | $1,500,000 |
$415,500 | $723,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
107 | $41,840,000 |
$326,500 | $1,500,000 |
$394,500 | $723,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
6 | $1,557,000 |
$259,000 | $565,000 |
$26,000 | $98,000 |
| Application Withdrawn By Applicant |
5 | $1,607,000 |
$321,000 | $600,000 |
$193,000 | $295,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
96 | $38,676,000 |
$332,500 | $1,500,000 |
$389,500 | $723,000 |
| Loan Purchased By The 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 |
2 | $226,000 |
$113,000 | $136,000 |
$24,000 | $49,000 |
| Debt-To-Income Ratio |
4 | $1,331,000 |
$332,000 | $565,000 |
$27,000 | $98,000 |
| 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 FIRST COMMERICAL BANK by:
Metropolitan Area And
County
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