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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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UNITED BANK OF PHILADELPHIA
Mortgage Loans and Application Details
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| Mortgage Company Name |
UNITED BANK OF PHILADELPHIA |
| Address | 30 S. 15TH STREET, SUITE 1200
PHILADELPHIA, PA 19102 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 40 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $2,746,000 |
| Average Mortgage Loan Amount Applied For | $353,250 |
| Highest Mortgage Loan Amount Applied For | $845,000 |
| Average Applicant Income | $75,000 |
| Highest Applicant Income | $219,000 |
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| Home Improvement |
32 | $1,019,000 |
$31,000 | $175,000 |
$27,000 | $68,000 |
| Home Purchase |
6 | $649,000 |
$108,000 | $499,000 |
$61,000 | $219,000 |
| Refinancing |
2 | $1,078,000 |
$539,000 | $845,000 |
$0 | $0 |
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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 |
30 | $1,407,000 |
$46,000 | $499,000 |
$34,000 | $219,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
5 | $1,204,000 |
$240,000 | $845,000 |
$0 | $0 |
| Not Provided |
2 | $75,000 |
$37,000 | $50,000 |
$64,000 | $74,000 |
| White |
3 | $60,000 |
$20,000 | $25,000 |
$27,000 | $39,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
40 | $2,746,000 |
$68,000 | $845,000 |
$31,000 | $219,000 |
| 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 |
23 | $1,161,000 |
$50,000 | $499,000 |
$35,000 | $219,000 |
| Application Withdrawn By Applicant |
5 | $1,085,000 |
$217,000 | $845,000 |
$29,000 | $74,000 |
| File Closed For Incompleteness |
1 | $3,000 |
$3,000 | $3,000 |
$19,000 | $19,000 |
| Loan Originated |
11 | $497,000 |
$45,000 | $233,000 |
$25,000 | $57,000 |
| 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 |
2 | $514,000 |
$257,000 | $499,000 |
$129,000 | $219,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
17 | $588,000 |
$34,000 | $175,000 |
$26,000 | $68,000 |
| Debt-To-Income Ratio |
2 | $53,000 |
$26,000 | $50,000 |
$37,000 | $49,000 |
| 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 | $6,000 |
$3,000 | $5,000 |
$14,000 | $14,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for UNITED BANK OF PHILADELPHIA by:
Metropolitan Area And
County
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