AllMortgageDetail - Mortgage Application Details

American Sterling Bank
Mortgage Loan Application
Totals and Details
for 2007

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Mortgage Company & Address American Sterling Bank
535 S Sterling
Sugar Creek, MO 64054
Federal Regulator Office of Thrift Supervision (OTS)
Years 2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 16,531
Total Mortgage Loan Application Amount $3,662,676,000
Average Mortgage Loan Application Amount $180,280
Highest Mortgage Loan Application Amount $2,250,000
Average Applicant Income $86,069
Highest Applicant Income $9,495,000

Mortgage Loan Application Detail Totals for American Sterling Bank in 2007

Loan Purpose

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Refinancing 9,419 $2,227,818,000 $236,000 $2,250,000 $97,000 $1,920,000
Home Purchase 7,099 $1,432,538,000 $201,000 $1,463,000 $101,000 $9,495,000
Home Improvement 13 $2,320,000 $178,000 $365,000 $120,000 $758,000

Applicant Race

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
White 9,182 $1,978,988,000 $215,000 $2,250,000 $100,000 $2,742,000
Hispanic 3,275 $738,294,000 $225,000 $1,760,000 $87,000 $1,200,000
Black or African American 1,422 $287,032,000 $201,000 $1,500,000 $102,000 $9,495,000
Not Provided 1,320 $305,895,000 $231,000 $1,925,000 $94,000 $1,269,000
Asian 1,111 $298,202,000 $268,000 $1,500,000 $116,000 $1,620,000
Native Hawaiin or Other Pacific Islander 169 $43,822,000 $259,000 $1,000,000 $113,000 $1,200,000
American Indian or Alaskan Native 52 $10,443,000 $200,000 $514,000 $143,000 $1,200,000
Not applicable 0 $0 $0 $0 $0 $0

Loan Type

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 15,690 $3,520,833,000 $224,000 $2,250,000 $101,000 $9,495,000
FHA-insured (Federal Housing Administration) 773 $128,573,000 $166,000 $370,000 $59,000 $1,180,000
VA-guaranteed (Veterans Administration) 68 $13,270,000 $195,000 $525,000 $63,000 $120,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 0 $0 $0 $0 $0 $0

Outcome

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Loan Originated 8,040 $1,665,627,000 $207,000 $1,500,000 $89,000 $2,742,000
Application Denied By Financial Institution 3,863 $874,284,000 $226,000 $2,000,000 $112,000 $9,495,000
Application Approved But Not Accepted 2,810 $684,400,000 $243,000 $2,250,000 $102,000 $1,920,000
File Closed For Incompleteness 1,098 $265,024,000 $241,000 $1,950,000 $109,000 $1,200,000
Application Withdrawn By Applicant 720 $173,341,000 $240,000 $1,425,000 $104,000 $1,620,000
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

Denial Reason

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Credit History 1,062 $235,820,000 $222,000 $1,763,000 $94,000 $1,200,000
Other 754 $176,659,000 $234,000 $2,000,000 $118,000 $1,680,000
Collateral 569 $131,664,000 $231,000 $1,678,000 $151,000 $9,495,000
Debt-To-Income Ratio 454 $105,413,000 $232,000 $1,028,000 $86,000 $480,000
Credit Application Incomplete 401 $71,231,000 $177,000 $1,000,000 $98,000 $1,416,000
Unverifiable Information 365 $92,078,000 $252,000 $1,700,000 $135,000 $1,059,000
Employment History 174 $42,570,000 $244,000 $960,000 $131,000 $793,000
Insufficient Cash (Downpayment, Closing Cost) 74 $16,768,000 $226,000 $1,000,000 $102,000 $326,000
Mortgage Insurance Denied 10 $2,081,000 $208,000 $470,000 $61,000 $215,000