AllMortgageDetail - Mortgage Application Details

Regions Bank
Mortgage Loan Application
Totals and Details
for 2014

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Mortgage Company & Address Regions Bank
1900 5Th Avenue N - Albh10903B
Birmingham, AL 35203
Federal Regulator Consumer Financial Protection Bureau (CFPB)
Years 2014  2013  2012  2011  
Total Number of Mortgage Applications 79,915
Total Mortgage Loan Application Amount $9,625,591,000
Average Mortgage Loan Application Amount $119,945
Highest Mortgage Loan Application Amount $35,672,000
Average Applicant Income $85,940
Highest Applicant Income $9,999,000

Mortgage Loan Application Detail Totals for Regions Bank in 2014

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 35,292 $4,231,029,000 $119,000 $35,672,000 $84,000 $9,999,000
Home Purchase 27,879 $5,018,764,000 $180,000 $4,232,000 $95,000 $9,999,000
Home Improvement 17,990 $562,045,000 $31,000 $2,000,000 $69,000 $8,072,000

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 57,376 $7,243,761,000 $126,000 $4,225,000 $90,000 $9,999,000
Black or African American 12,278 $959,639,000 $78,000 $2,000,000 $58,000 $3,360,000
Hispanic 6,653 $929,800,000 $139,000 $4,232,000 $81,000 $5,221,000
Not Provided 2,658 $264,277,000 $99,000 $1,991,000 $86,000 $3,550,000
Asian 1,364 $233,891,000 $171,000 $1,763,000 $114,000 $7,287,000
American Indian or Alaskan Native 410 $41,967,000 $102,000 $2,264,000 $91,000 $1,020,000
Not applicable 290 $123,023,000 $424,000 $35,672,000 $0 $0
Native Hawaiin or Other Pacific Islander 132 $15,480,000 $117,000 $570,000 $75,000 $410,000

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) 70,206 $8,279,300,000 $117,000 $35,672,000 $88,000 $9,999,000
FHA-insured (Federal Housing Administration) 6,507 $882,710,000 $135,000 $456,000 $59,000 $1,583,000
VA-guaranteed (Veterans Administration) 2,336 $409,607,000 $175,000 $1,080,000 $73,000 $1,440,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 2,112 $240,221,000 $113,000 $334,000 $42,000 $200,000

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 40,763 $5,415,096,000 $132,000 $35,672,000 $91,000 $9,999,000
Application Denied By Financial Institution 25,094 $2,005,931,000 $79,000 $4,232,000 $67,000 $9,999,000
Application Approved But Not Accepted 5,652 $565,908,000 $100,000 $2,500,000 $92,000 $3,983,000
Application Withdrawn By Applicant 5,459 $1,043,018,000 $191,000 $4,225,000 $106,000 $7,287,000
File Closed For Incompleteness 2,804 $573,024,000 $204,000 $2,050,000 $109,000 $1,836,000
Preapproval Denied by Financial Institution 973 $137,763,000 $141,000 $1,600,000 $52,000 $1,230,000
Preapproval Approved but not Accepted 273 $48,484,000 $177,000 $1,650,000 $73,000 $1,020,000
Loan Purchased By The Institution 143 $22,614,000 $158,000 $425,000 $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 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Credit History 0 $0 $0 $0 $0 $0
Debt-To-Income Ratio 0 $0 $0 $0 $0 $0
Employment History 0 $0 $0 $0 $0 $0
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Other 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0