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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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AMERICAN BANK OF THE NORTH
Mortgage Loans and Application Details
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| Mortgage Company Name |
AMERICAN BANK OF THE NORTH |
| Address | 117 CENTRAL AVE
NASHWAUK, MN 55769 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 398 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $28,562,000 |
| Average Mortgage Loan Amount Applied For | $111,857 |
| Highest Mortgage Loan Amount Applied For | $1,200,000 |
| Average Applicant Income | $45,357 |
| Highest Applicant Income | $500,000 |
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| Home Improvement |
146 | $4,353,000 |
$29,000 | $140,000 |
$49,000 | $196,000 |
| Home Purchase |
120 | $13,232,000 |
$110,000 | $1,200,000 |
$58,000 | $500,000 |
| Refinancing |
135 | $11,048,000 |
$81,000 | $800,000 |
$52,000 | $320,000 |
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| American Indian or Alaskan Native |
5 | $96,000 |
$19,000 | $35,000 |
$44,000 | $91,000 |
| Asian |
1 | $47,000 |
$47,000 | $47,000 |
$31,000 | $31,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
1 | $50,000 |
$50,000 | $50,000 |
$111,000 | $111,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
22 | $3,701,000 |
$168,000 | $1,200,000 |
$0 | $0 |
| Not Provided |
18 | $1,667,000 |
$92,000 | $240,000 |
$50,000 | $177,000 |
| White |
354 | $23,072,000 |
$65,000 | $800,000 |
$56,000 | $500,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
401 | $28,633,000 |
$71,000 | $1,200,000 |
$53,000 | $500,000 |
| 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 |
12 | $909,000 |
$75,000 | $250,000 |
$49,000 | $97,000 |
| Application Denied By Financial Institution |
51 | $2,821,000 |
$55,000 | $325,000 |
$35,000 | $133,000 |
| Application Withdrawn By Applicant |
6 | $518,000 |
$86,000 | $171,000 |
$45,000 | $59,000 |
| File Closed For Incompleteness |
1 | $1,000 |
$1,000 | $1,000 |
$38,000 | $38,000 |
| Loan Originated |
328 | $24,313,000 |
$74,000 | $1,200,000 |
$56,000 | $500,000 |
| 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 |
3 | $71,000 |
$23,000 | $30,000 |
$14,000 | $19,000 |
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| 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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Mortgage Loan App Totals for AMERICAN BANK OF THE NORTH by:
Metropolitan Area And
County
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