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| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
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ADIRONDACK BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
ADIRONDACK BANK |
| Address | 185 GENESEE ST
UTICA, NY 13501 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 698 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $55,677,000 |
| Average Mortgage Loan Amount Applied For | $111,454 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $73,272 |
| Highest Applicant Income | $668,000 |
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| Home Improvement |
280 | $6,861,000 |
$24,000 | $240,000 |
$62,000 | $227,000 |
| Home Purchase |
221 | $29,895,000 |
$135,000 | $413,000 |
$96,000 | $668,000 |
| Refinancing |
197 | $18,921,000 |
$96,000 | $1,000,000 |
$90,000 | $616,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
4 | $266,000 |
$66,000 | $155,000 |
$73,000 | $187,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
1 | $32,000 |
$32,000 | $32,000 |
$45,000 | $45,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
6 | $1,120,000 |
$186,000 | $425,000 |
$0 | $0 |
| Not Provided |
19 | $272,000 |
$14,000 | $101,000 |
$58,000 | $180,000 |
| White |
668 | $53,987,000 |
$80,000 | $1,000,000 |
$82,000 | $668,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
696 | $55,471,000 |
$79,000 | $1,000,000 |
$81,000 | $668,000 |
| 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) |
2 | $206,000 |
$103,000 | $103,000 |
$67,000 | $90,000 |
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| Application Approved But Not Accepted |
15 | $1,631,000 |
$108,000 | $390,000 |
$92,000 | $260,000 |
| Application Denied By Financial Institution |
91 | $3,477,000 |
$38,000 | $273,000 |
$55,000 | $242,000 |
| Application Withdrawn By Applicant |
25 | $3,497,000 |
$139,000 | $375,000 |
$92,000 | $227,000 |
| File Closed For Incompleteness |
3 | $225,000 |
$75,000 | $150,000 |
$47,000 | $51,000 |
| Loan Originated |
564 | $46,847,000 |
$83,000 | $1,000,000 |
$84,000 | $668,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
12 | $604,000 |
$50,000 | $87,000 |
$59,000 | $150,000 |
| Credit Application Incomplete |
1 | $140,000 |
$140,000 | $140,000 |
$125,000 | $125,000 |
| Credit History |
45 | $1,320,000 |
$29,000 | $273,000 |
$55,000 | $242,000 |
| Debt-To-Income Ratio |
27 | $1,212,000 |
$44,000 | $234,000 |
$47,000 | $175,000 |
| Employment History |
1 | $5,000 |
$5,000 | $5,000 |
$18,000 | $18,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
4 | $190,000 |
$47,000 | $80,000 |
$64,000 | $134,000 |
| Unverifiable Information |
1 | $6,000 |
$6,000 | $6,000 |
$150,000 | $150,000 |
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Mortgage Loan App Totals for ADIRONDACK BANK by:
Metropolitan Area And
County
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