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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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WESTAMERICA MORTGAGE COMPANY
Mortgage Loans and Application Details
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| Mortgage Company Name |
WESTAMERICA MORTGAGE COMPANY |
| Address | P.O.BOX 1250
SUISUN CITY, CA 94585 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 154 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $77,527,000 |
| Average Mortgage Loan Amount Applied For | $410,952 |
| Highest Mortgage Loan Amount Applied For | $1,463,000 |
| Average Applicant Income | $248,428 |
| Highest Applicant Income | $3,432,000 |
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| Home Improvement |
54 | $23,730,000 |
$439,000 | $885,000 |
$134,000 | $449,000 |
| Home Purchase |
30 | $15,373,000 |
$512,000 | $1,175,000 |
$293,000 | $2,504,000 |
| Refinancing |
70 | $38,424,000 |
$548,000 | $1,463,000 |
$238,000 | $3,432,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
8 | $4,461,000 |
$557,000 | $800,000 |
$133,000 | $229,000 |
| Black or African American |
3 | $1,697,000 |
$565,000 | $796,000 |
$144,000 | $210,000 |
| Hispanic |
5 | $743,000 |
$148,000 | $330,000 |
$57,000 | $73,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
16 | $9,813,000 |
$613,000 | $919,000 |
$207,000 | $449,000 |
| White |
122 | $60,813,000 |
$498,000 | $1,463,000 |
$226,000 | $3,432,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
154 | $77,527,000 |
$503,000 | $1,463,000 |
$212,000 | $3,432,000 |
| 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 |
10 | $4,338,000 |
$433,000 | $750,000 |
$140,000 | $385,000 |
| Application Denied By Financial Institution |
27 | $12,952,000 |
$479,000 | $1,175,000 |
$332,000 | $3,432,000 |
| Application Withdrawn By Applicant |
4 | $1,919,000 |
$479,000 | $919,000 |
$181,000 | $351,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
113 | $58,318,000 |
$516,000 | $1,463,000 |
$191,000 | $2,201,000 |
| 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 |
3 | $627,000 |
$209,000 | $300,000 |
$217,000 | $342,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $562,000 |
$281,000 | $332,000 |
$94,000 | $116,000 |
| Debt-To-Income Ratio |
12 | $5,739,000 |
$478,000 | $750,000 |
$87,000 | $195,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $245,000 |
$245,000 | $245,000 |
$65,000 | $65,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
8 | $5,029,000 |
$628,000 | $1,175,000 |
$854,000 | $3,432,000 |
| Unverifiable Information |
1 | $750,000 |
$750,000 | $750,000 |
$198,000 | $198,000 |
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Mortgage Loan App Totals for WESTAMERICA MORTGAGE COMPANY by:
Metropolitan Area And
County
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