Regions Bank
Mortgage Loan Application
Totals and Details
for 2016

Mortgage Company & Address Regions Bank
1900 5Th Avenue N
Birmingham, AL 35203
Tel #: available with data download
Federal Regulator * available with data download
Years 2016  2015  2014  2013  2012  2011  
Total Number of Mortgage Applications 85,369
Total Mortgage Loan Application Amount $12,323,088,000
Average Mortgage Loan Application Amount $175,710
Highest Mortgage Loan Application Amount $99,999,000
Average Applicant Income $95,147
Highest Applicant Income $9,999,000
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Mortgage Loan Application Detail Totals for Regions Bank 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 39,126 $6,027,299,000 $154,000 $99,999,000 $92,000 $9,999,000
Home Purchase 26,049 $5,760,802,000 $221,000 $3,250,000 $111,000 $9,740,000
Home Improvement 20,752 $630,629,000 $30,000 $2,000,000 $69,000 $4,232,000

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 60,696 $8,974,574,000 $147,000 $3,400,000 $98,000 $9,999,000
Black or African American 12,811 $1,037,333,000 $80,000 $1,973,000 $62,000 $2,728,000
Hispanic 6,285 $1,002,065,000 $159,000 $3,250,000 $90,000 $2,780,000
Not Provided 3,792 $408,898,000 $107,000 $2,000,000 $91,000 $4,232,000
Asian 1,621 $349,329,000 $215,000 $2,000,000 $126,000 $3,289,000
American Indian or Alaskan Native 376 $37,218,000 $98,000 $1,425,000 $81,000 $996,000
Not applicable 200 $587,813,000 $2,939,000 $99,999,000 $0 $0
Native Hawaiin or Other Pacific Islander 146 $21,500,000 $147,000 $749,000 $91,000 $734,000

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) 76,958 $11,074,813,000 $143,000 $99,999,000 $96,000 $9,999,000
FHA-insured (Federal Housing Administration) 5,392 $777,092,000 $144,000 $511,000 $58,000 $937,000
VA-guaranteed (Veterans Administration) 2,066 $396,163,000 $191,000 $781,000 $73,000 $413,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 1,511 $170,662,000 $112,000 $404,000 $41,000 $103,000

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 44,286 $7,480,094,000 $168,000 $99,999,000 $101,000 $9,999,000
Application Denied By Financial Institution 27,275 $2,288,908,000 $83,000 $2,000,000 $67,000 $9,740,000
Application Withdrawn By Applicant 5,766 $1,317,879,000 $228,000 $3,400,000 $120,000 $9,999,000
Application Approved But Not Accepted 5,382 $668,374,000 $124,000 $3,800,000 $100,000 $9,711,000
File Closed For Incompleteness 2,607 $561,984,000 $215,000 $2,300,000 $124,000 $7,018,000
Preapproval Denied by Financial Institution 557 $95,142,000 $170,000 $1,890,000 $60,000 $1,343,000
Loan Purchased By The Institution 53 $5,849,000 $110,000 $322,000 $0 $0
Preapproval Approved but not Accepted 1 $500,000 $500,000 $500,000 $593,000 $593,000

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
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