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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 CORP
Mortgage Loans and Application Details
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| Mortgage Company Name |
WESTAMERICA MORTGAGE CORP |
| Address | ONE S 660 MIDWEST RD
OAKBROOK TERRACE, IL 60181 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 9,834 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $1,767,913,000 |
| Average Mortgage Loan Amount Applied For | $147,309 |
| Highest Mortgage Loan Amount Applied For | $3,380,000 |
| Average Applicant Income | $83,018 |
| Highest Applicant Income | $4,981,000 |
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| Home Improvement |
11 | $2,499,000 |
$227,000 | $423,000 |
$149,000 | $423,000 |
| Home Purchase |
6,043 | $935,677,000 |
$154,000 | $1,960,000 |
$93,000 | $4,981,000 |
| Refinancing |
3,928 | $850,327,000 |
$216,000 | $3,380,000 |
$99,000 | $1,680,000 |
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| American Indian or Alaskan Native |
38 | $5,315,000 |
$139,000 | $428,000 |
$90,000 | $660,000 |
| Asian |
276 | $78,383,000 |
$283,000 | $1,040,000 |
$139,000 | $787,000 |
| Black or African American |
1,317 | $189,544,000 |
$143,000 | $1,230,000 |
$78,000 | $507,000 |
| Hispanic |
1,208 | $243,230,000 |
$201,000 | $1,200,000 |
$89,000 | $676,000 |
| Native Hawaiin or Other Pacific Islander |
34 | $9,567,000 |
$281,000 | $1,960,000 |
$213,000 | $2,340,000 |
| Not applicable |
355 | $60,358,000 |
$170,000 | $1,200,000 |
$6,000 | $254,000 |
| Not Provided |
540 | $102,744,000 |
$190,000 | $1,528,000 |
$99,000 | $1,800,000 |
| White |
6,214 | $1,099,362,000 |
$176,000 | $3,380,000 |
$102,000 | $4,981,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
7,178 | $1,445,367,000 |
$201,000 | $3,380,000 |
$115,000 | $4,981,000 |
| FHA-insured (Federal Housing Administration) |
2,559 | $308,301,000 |
$120,000 | $371,000 |
$45,000 | $218,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
245 | $34,835,000 |
$142,000 | $359,000 |
$35,000 | $128,000 |
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| Application Approved But Not Accepted |
531 | $93,811,000 |
$176,000 | $1,500,000 |
$90,000 | $900,000 |
| Application Denied By Financial Institution |
1,459 | $246,637,000 |
$169,000 | $3,380,000 |
$100,000 | $1,680,000 |
| Application Withdrawn By Applicant |
1,074 | $232,933,000 |
$216,000 | $1,960,000 |
$122,000 | $2,340,000 |
| File Closed For Incompleteness |
5 | $478,000 |
$95,000 | $240,000 |
$53,000 | $156,000 |
| Loan Originated |
6,346 | $1,124,501,000 |
$177,000 | $2,700,000 |
$96,000 | $4,981,000 |
| Loan Purchased By The Institution |
432 | $71,120,000 |
$164,000 | $1,200,000 |
$14,000 | $254,000 |
| Preapproval Approved but not Accepted |
67 | $10,570,000 |
$157,000 | $602,000 |
$62,000 | $251,000 |
| Preapproval Denied by Financial Institution |
68 | $8,453,000 |
$124,000 | $712,000 |
$52,000 | $356,000 |
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| Collateral |
157 | $36,920,000 |
$235,000 | $3,380,000 |
$139,000 | $1,680,000 |
| Credit Application Incomplete |
175 | $28,156,000 |
$160,000 | $1,000,000 |
$103,000 | $624,000 |
| Credit History |
496 | $75,922,000 |
$153,000 | $1,950,000 |
$72,000 | $945,000 |
| Debt-To-Income Ratio |
208 | $31,468,000 |
$151,000 | $712,000 |
$62,000 | $419,000 |
| Employment History |
62 | $9,606,000 |
$154,000 | $583,000 |
$71,000 | $284,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
12 | $1,809,000 |
$150,000 | $399,000 |
$86,000 | $203,000 |
| Mortgage Insurance Denied |
1 | $104,000 |
$104,000 | $104,000 |
$162,000 | $162,000 |
| Other |
402 | $66,061,000 |
$164,000 | $1,680,000 |
$128,000 | $900,000 |
| Unverifiable Information |
14 | $5,044,000 |
$360,000 | $1,750,000 |
$302,000 | $1,085,000 |
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Mortgage Loan App Totals for WESTAMERICA MORTGAGE CORP by:
Metropolitan Area And
County
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