AllMortgageDetail - Mortgage Application Details

Amtrust Bank
Mortgage Loan Application
Totals and Details
for 2007

Download the entire list of lenders located in Ohio to a Spreadsheet or Other File Type
Mortgage Company & Address Amtrust Bank
1801 E. 9Th St #200
Cleveland, OH 44114
Federal Regulator Office of Thrift Supervision (OTS)
Years 2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 139,951
Total Mortgage Loan Application Amount $27,745,855,000
Average Mortgage Loan Application Amount $151,906
Highest Mortgage Loan Application Amount $2,500,000
Average Applicant Income $79,624
Highest Applicant Income $9,644,000

Mortgage Loan Application Detail Totals for Amtrust 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
Home Purchase 79,612 $14,275,155,000 $179,000 $2,500,000 $89,000 $8,139,000
Refinancing 60,847 $13,550,559,000 $222,000 $2,150,000 $96,000 $9,644,000
Home Improvement 0 $0 $0 $0 $0 $0

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 103,486 $20,095,970,000 $194,000 $2,150,000 $94,000 $9,644,000
Not Provided 10,761 $2,231,632,000 $207,000 $2,055,000 $97,000 $9,000,000
Hispanic 9,713 $1,915,486,000 $197,000 $2,500,000 $73,000 $3,435,000
Black or African American 8,800 $1,483,903,000 $168,000 $1,680,000 $64,000 $4,031,000
Asian 6,808 $1,936,238,000 $284,000 $2,000,000 $114,000 $1,080,000
Native Hawaiin or Other Pacific Islander 355 $78,943,000 $222,000 $999,000 $95,000 $1,596,000
American Indian or Alaskan Native 315 $58,705,000 $186,000 $980,000 $83,000 $1,053,000
Not applicable 221 $24,837,000 $112,000 $333,000 $31,000 $51,000

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) 140,459 $27,825,714,000 $198,000 $2,500,000 $92,000 $9,644,000
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

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 116,194 $22,668,089,000 $195,000 $2,150,000 $91,000 $9,600,000
Loan Purchased By The Institution 7,943 $1,511,749,000 $190,000 $1,926,000 $84,000 $2,339,000
Application Approved But Not Accepted 7,346 $1,667,926,000 $227,000 $1,680,000 $94,000 $8,139,000
Application Denied By Financial Institution 5,873 $1,407,546,000 $239,000 $2,000,000 $116,000 $9,644,000
Application Withdrawn By Applicant 2,595 $490,545,000 $189,000 $2,500,000 $83,000 $4,232,000
Preapproval Approved but not Accepted 309 $51,132,000 $165,000 $966,000 $62,000 $996,000
Preapproval Denied by Financial Institution 199 $28,727,000 $144,000 $533,000 $56,000 $386,000
File Closed For Incompleteness 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
Collateral 1,793 $415,027,000 $231,000 $2,000,000 $118,000 $9,000,000
Other 1,416 $330,105,000 $233,000 $2,000,000 $146,000 $6,055,000
Credit Application Incomplete 875 $202,842,000 $231,000 $1,463,000 $85,000 $962,000
Credit History 854 $192,694,000 $225,000 $1,820,000 $86,000 $9,644,000
Debt-To-Income Ratio 727 $195,346,000 $268,000 $1,900,000 $109,000 $3,327,000
Employment History 180 $36,212,000 $201,000 $1,000,000 $70,000 $545,000
Unverifiable Information 169 $47,416,000 $280,000 $1,500,000 $144,000 $1,500,000
Insufficient Cash (Downpayment, Closing Cost) 51 $15,497,000 $303,000 $1,263,000 $180,000 $1,200,000
Mortgage Insurance Denied 7 $1,134,000 $162,000 $293,000 $56,000 $116,000