Bank Of America, N.A.
Mortgage Loan Application
Totals and Details
for 2016

Mortgage Company & Address Bank Of America, N.A.
31303 Agoura Rd Ca6-917-01-20
Westlake Village, CA 91361
Tel #: available with data download
Federal Regulator * available with data download
Years 2016  2015  2014  2013  2012  2011  
Total Number of Mortgage Applications 286,207
Total Mortgage Loan Application Amount $101,070,643,000
Average Mortgage Loan Application Amount $167,219
Highest Mortgage Loan Application Amount $99,999,000
Average Applicant Income $91,421
Highest Applicant Income $9,999,000
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Mortgage Loan Application Detail Totals for Bank Of America, N.A. in 2016

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 180,013 $57,169,605,000 $317,000 $99,999,000 $135,000 $9,999,000
Home Purchase 96,436 $39,966,171,000 $414,000 $99,999,000 $157,000 $9,999,000
Home Improvement 10,349 $4,272,466,000 $412,000 $99,999,000 $131,000 $9,999,000

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 168,798 $58,725,390,000 $347,000 $45,500,000 $160,000 $9,999,000
Asian 33,979 $15,819,037,000 $465,000 $13,325,000 $166,000 $9,999,000
Hispanic 31,973 $6,621,363,000 $207,000 $5,000,000 $83,000 $9,999,000
Not Provided 19,676 $7,253,341,000 $368,000 $17,100,000 $180,000 $9,999,000
Black or African American 18,660 $3,538,545,000 $189,000 $4,830,000 $82,000 $9,999,000
Not applicable 11,203 $8,786,408,000 $784,000 $99,999,000 $15,000 $1,600,000
American Indian or Alaskan Native 1,324 $303,826,000 $229,000 $2,870,000 $102,000 $2,085,000
Native Hawaiin or Other Pacific Islander 1,185 $360,332,000 $304,000 $2,260,000 $125,000 $5,724,000

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) 256,991 $96,203,995,000 $374,000 $99,999,000 $153,000 $9,999,000
FHA-insured (Federal Housing Administration) 26,093 $4,516,368,000 $173,000 $884,000 $45,000 $1,560,000
VA-guaranteed (Veterans Administration) 3,212 $625,676,000 $194,000 $1,183,000 $57,000 $541,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 502 $62,203,000 $123,000 $303,000 $43,000 $102,000

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 159,056 $61,010,930,000 $383,000 $89,621,000 $164,000 $9,999,000
Application Denied By Financial Institution 45,240 $14,845,470,000 $328,000 $99,999,000 $118,000 $9,999,000
Loan Purchased By The Institution 29,726 $4,838,407,000 $162,000 $74,325,000 $42,000 $3,998,000
Application Withdrawn By Applicant 27,759 $12,863,106,000 $463,000 $99,999,000 $163,000 $9,999,000
Application Approved But Not Accepted 13,628 $4,064,412,000 $298,000 $19,000,000 $134,000 $7,347,000
File Closed For Incompleteness 10,803 $3,449,107,000 $319,000 $18,500,000 $152,000 $9,999,000
Preapproval Denied by Financial Institution 586 $336,810,000 $574,000 $10,000,000 $142,000 $5,558,000
Preapproval Approved but not Accepted 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
Debt-To-Income Ratio 14,992 $5,697,564,000 $380,000 $49,220,000 $96,000 $8,906,000
Collateral 7,685 $2,531,499,000 $329,000 $54,000,000 $153,000 $9,999,000
Other 6,065 $2,300,821,000 $379,000 $99,999,000 $131,000 $6,061,000
Credit History 4,902 $1,408,661,000 $287,000 $16,500,000 $119,000 $9,999,000
Credit Application Incomplete 4,256 $930,326,000 $218,000 $2,925,000 $108,000 $6,939,000
Unverifiable Information 3,813 $1,067,863,000 $280,000 $3,781,000 $130,000 $8,090,000
Insufficient Cash (Downpayment, Closing Cost) 3,494 $1,078,822,000 $308,000 $99,999,000 $116,000 $3,012,000
Employment History 614 $165,984,000 $270,000 $1,780,000 $93,000 $954,000
Mortgage Insurance Denied 5 $740,000 $148,000 $235,000 $66,000 $97,000
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