|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
VALLEY BANK
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
VALLEY BANK |
| Address | 350 E LAS OLAS BLVD SUITE 800
FORT LAUDERDALE, FL 33301 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,599 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $306,952,000 |
| Average Mortgage Loan Amount Applied For | $189,287 |
| Highest Mortgage Loan Amount Applied For | $2,300,000 |
| Average Applicant Income | $91,931 |
| Highest Applicant Income | $840,000 |
|
|
|
| Home Improvement |
1 | $128,000 |
$128,000 | $128,000 |
$0 | $0 |
| Home Purchase |
915 | $151,825,000 |
$165,000 | $1,161,000 |
$85,000 | $639,000 |
| Refinancing |
683 | $154,999,000 |
$226,000 | $2,300,000 |
$98,000 | $840,000 |
|
|
| American Indian or Alaskan Native |
4 | $619,000 |
$154,000 | $170,000 |
$103,000 | $204,000 |
| Asian |
111 | $32,111,000 |
$289,000 | $1,000,000 |
$130,000 | $395,000 |
| Black or African American |
284 | $46,327,000 |
$163,000 | $940,000 |
$66,000 | $430,000 |
| Hispanic |
120 | $20,513,000 |
$170,000 | $616,000 |
$58,000 | $411,000 |
| Native Hawaiin or Other Pacific Islander |
9 | $1,226,000 |
$136,000 | $276,000 |
$130,000 | $168,000 |
| Not applicable |
2 | $2,500,000 |
$1,250,000 | $2,300,000 |
$0 | $0 |
| Not Provided |
89 | $14,690,000 |
$165,000 | $855,000 |
$83,000 | $332,000 |
| White |
980 | $188,966,000 |
$192,000 | $1,496,000 |
$97,000 | $840,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,597 | $306,505,000 |
$191,000 | $2,300,000 |
$90,000 | $840,000 |
| FHA-insured (Federal Housing Administration) |
1 | $253,000 |
$253,000 | $253,000 |
$85,000 | $85,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $194,000 |
$194,000 | $194,000 |
$50,000 | $50,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
|
| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
240 | $41,374,000 |
$172,000 | $1,400,000 |
$99,000 | $840,000 |
| Application Withdrawn By Applicant |
1 | $166,000 |
$166,000 | $166,000 |
$420,000 | $420,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
1,358 | $265,412,000 |
$195,000 | $2,300,000 |
$89,000 | $840,000 |
| 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 |
|
|
| Collateral |
15 | $2,641,000 |
$176,000 | $380,000 |
$97,000 | $366,000 |
| Credit Application Incomplete |
8 | $1,133,000 |
$141,000 | $305,000 |
$81,000 | $152,000 |
| Credit History |
66 | $12,431,000 |
$188,000 | $994,000 |
$90,000 | $279,000 |
| Debt-To-Income Ratio |
31 | $4,585,000 |
$147,000 | $618,000 |
$108,000 | $423,000 |
| Employment History |
11 | $1,767,000 |
$160,000 | $464,000 |
$65,000 | $132,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
17 | $1,543,000 |
$90,000 | $324,000 |
$41,000 | $189,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
32 | $8,054,000 |
$251,000 | $1,400,000 |
$167,000 | $840,000 |
| Unverifiable Information |
10 | $1,290,000 |
$129,000 | $296,000 |
$135,000 | $269,000 |
|
Mortgage Loan App Totals for VALLEY BANK by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
