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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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WASHINGTON MUTUAL BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
WASHINGTON MUTUAL BANK |
| Address | 227 EAST AVENUE
ALBION, NY 14411 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2004 |
| All Data Years | 2003 2004 |
| Total Number of Mortgage Loan Applications Processed | 178,564 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $34,923,892,000 |
| Average Mortgage Loan Amount Applied For | $124,739 |
| Highest Mortgage Loan Amount Applied For | $7,200,000 |
| Average Applicant Income | $6,347 |
| Highest Applicant Income | $9,999,000 |
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| Home Improvement |
1,962 | $224,273,000 |
$193,470 | $3,200,000 |
$51,882 | $1,826,000 |
| Home Purchase |
82,677 | $16,707,533,000 |
$166,307 | $7,200,000 |
$10,211 | $9,999,000 |
| Refinancing |
101,289 | $19,489,899,000 |
$161,666 | $6,250,000 |
$8,431 | $9,808,000 |
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| American Indian or Alaskan Native |
437 | $61,227,000 |
$126,333 | $750,000 |
$56,500 | $406,000 |
| Asian |
2,726 | $598,878,000 |
$218,666 | $3,200,000 |
$126,333 | $1,907,000 |
| Black or African American |
828 | $160,443,000 |
$182,142 | $2,063,000 |
$81,142 | $6,187,000 |
| Hispanic |
2,187 | $315,855,000 |
$137,777 | $1,456,000 |
$64,333 | $1,702,000 |
| Native Hawaiin or Other Pacific Islander |
351 | $63,604,000 |
$188,500 | $800,000 |
$89,500 | $480,000 |
| Not applicable |
115,896 | $22,748,540,000 |
$160,903 | $7,200,000 |
$980 | $973,000 |
| Not Provided |
13,046 | $2,758,886,000 |
$262,933 | $4,190,000 |
$93,000 | $7,081,000 |
| White |
50,457 | $9,714,272,000 |
$274,882 | $5,000,000 |
$102,117 | $9,999,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
163,401 | $33,384,524,000 |
$169,846 | $7,200,000 |
$11,826 | $9,999,000 |
| FHA-insured (Federal Housing Administration) |
19,220 | $2,546,476,000 |
$129,365 | $447,000 |
$2,942 | $478,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $1,500,000 |
$1,500,000 | $1,500,000 |
$254,000 | $254,000 |
| VA-guaranteed (Veterans Administration) |
3,306 | $489,205,000 |
$138,431 | $330,000 |
$3,863 | $198,000 |
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| Application Approved But Not Accepted |
5,191 | $999,069,000 |
$163,714 | $2,900,000 |
$89,000 | $9,999,000 |
| Application Denied By Financial Institution |
10,952 | $2,108,765,000 |
$285,866 | $5,000,000 |
$103,466 | $6,000,000 |
| Application Withdrawn By Applicant |
1,558 | $291,315,000 |
$223,461 | $2,000,000 |
$90,923 | $9,999,000 |
| File Closed For Incompleteness |
371 | $71,329,000 |
$207,285 | $4,615,000 |
$71,571 | $1,200,000 |
| Loan Originated |
44,810 | $8,918,443,000 |
$196,083 | $7,200,000 |
$92,583 | $9,999,000 |
| Loan Purchased By The Institution |
115,682 | $22,534,971,000 |
$158,882 | $5,655,000 |
$0 | $0 |
| Preapproval Approved but not Accepted |
4,380 | $937,542,000 |
$214,000 | $2,500,000 |
$62,000 | $5,020,000 |
| Preapproval Denied by Financial Institution |
2,984 | $560,271,000 |
$187,000 | $2,063,000 |
$55,000 | $3,017,000 |
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| Collateral |
1,106 | $207,599,000 |
$166,125 | $2,300,000 |
$85,625 | $2,066,000 |
| Credit Application Incomplete |
1,461 | $259,304,000 |
$250,750 | $5,000,000 |
$98,625 | $3,017,000 |
| Credit History |
3,234 | $484,859,000 |
$253,727 | $3,000,000 |
$100,909 | $1,296,000 |
| Debt-To-Income Ratio |
1,785 | $311,849,000 |
$160,000 | $2,500,000 |
$46,166 | $873,000 |
| Employment History |
129 | $21,241,000 |
$144,000 | $693,000 |
$53,200 | $401,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
535 | $103,138,000 |
$190,500 | $3,116,000 |
$74,166 | $1,724,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1,466 | $312,612,000 |
$212,909 | $4,000,000 |
$82,818 | $2,372,000 |
| Unverifiable Information |
4,006 | $923,065,000 |
$299,444 | $4,000,000 |
$96,777 | $6,000,000 |
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Mortgage Loan App Totals for WASHINGTON MUTUAL BANK by:
Metropolitan Area And
County
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