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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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ALGONQUIN STATE BANK, NA
Mortgage Loans and Application Details
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| Mortgage Company Name |
ALGONQUIN STATE BANK, NA |
| Address | 2400 HUNTINGTON DRIVE N
ALGONQUIN, IL 60102 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 56 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $8,933,000 |
| Average Mortgage Loan Amount Applied For | $212,666 |
| Highest Mortgage Loan Amount Applied For | $560,000 |
| Average Applicant Income | $153,666 |
| Highest Applicant Income | $416,000 |
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| Home Improvement |
13 | $431,000 |
$33,000 | $115,000 |
$71,000 | $162,000 |
| Home Purchase |
29 | $6,140,000 |
$211,000 | $560,000 |
$126,000 | $416,000 |
| Refinancing |
17 | $2,858,000 |
$168,000 | $340,000 |
$81,000 | $145,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $100,000 |
$100,000 | $100,000 |
$68,000 | $68,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
3 | $667,000 |
$222,000 | $307,000 |
$79,000 | $102,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
1 | $200,000 |
$200,000 | $200,000 |
$0 | $0 |
| Not Provided |
1 | $81,000 |
$81,000 | $81,000 |
$71,000 | $71,000 |
| White |
53 | $8,381,000 |
$158,000 | $560,000 |
$105,000 | $416,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
59 | $9,429,000 |
$159,000 | $560,000 |
$101,000 | $416,000 |
| 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) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
1 | $225,000 |
$225,000 | $225,000 |
$85,000 | $85,000 |
| Application Denied By Financial Institution |
5 | $1,019,000 |
$203,000 | $340,000 |
$87,000 | $145,000 |
| Application Withdrawn By Applicant |
5 | $1,056,000 |
$211,000 | $285,000 |
$90,000 | $131,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
45 | $6,633,000 |
$147,000 | $560,000 |
$107,000 | $416,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
1 | $316,000 |
$316,000 | $316,000 |
$106,000 | $106,000 |
| Preapproval Denied by Financial Institution |
2 | $180,000 |
$90,000 | $100,000 |
$46,000 | $68,000 |
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| Collateral |
1 | $340,000 |
$340,000 | $340,000 |
$145,000 | $145,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
3 | $245,000 |
$81,000 | $161,000 |
$45,000 | $81,000 |
| Debt-To-Income Ratio |
3 | $614,000 |
$204,000 | $284,000 |
$83,000 | $115,000 |
| 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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Mortgage Loan App Totals for ALGONQUIN STATE BANK, NA by:
Metropolitan Area And
County
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