UNION BANK OF CALIFORNIA, N.A. 8954 RIO SAN DIEGO DRIVE SUITE 500
SAN DIEGO, 92108-1663

2008 Mortgage Research	Santa Barbara	California	US
Total Applications	179	10,818	11,338
Average Loan	$1021.9k	$852.4k	$867.6k
Loan to Income Ratio	2.57	2.09	2.09
Subprime Loans	—	0.75%	0.72%
Refinancing Loans	60.34%	51.92%	50.82%
Principal Dwellings	84.36%	87.15%	85.88%
Rejected Applications	19.55%	22.43%	22.72%

UNION BANK OF CALIFORNIA, N.A. 8954 RIO SAN DIEGO DRIVE SUITE 500SAN DIEGO, 92108-1663