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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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BANK OF MCKENNEY
Mortgage Loans and Application Details
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| Mortgage Company Name |
BANK OF MCKENNEY |
| Address | P. O. BOX 370
MCKENNEY, VA 23872 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 113 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $13,235,000 |
| Average Mortgage Loan Amount Applied For | $109,133 |
| Highest Mortgage Loan Amount Applied For | $600,000 |
| Average Applicant Income | $82,933 |
| Highest Applicant Income | $399,000 |
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| Home Improvement |
11 | $514,000 |
$46,000 | $111,000 |
$69,000 | $193,000 |
| Home Purchase |
27 | $4,058,000 |
$150,000 | $600,000 |
$64,000 | $198,000 |
| Refinancing |
75 | $8,663,000 |
$115,000 | $500,000 |
$76,000 | $399,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
20 | $1,651,000 |
$82,000 | $600,000 |
$64,000 | $140,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
20 | $2,707,000 |
$135,000 | $500,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
73 | $8,877,000 |
$121,000 | $500,000 |
$94,000 | $399,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
113 | $13,235,000 |
$117,000 | $600,000 |
$72,000 | $399,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
4 | $720,000 |
$180,000 | $600,000 |
$70,000 | $140,000 |
| Application Withdrawn By Applicant |
3 | $312,000 |
$104,000 | $130,000 |
$28,000 | $54,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
106 | $12,203,000 |
$115,000 | $500,000 |
$74,000 | $399,000 |
| 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 |
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 BANK OF MCKENNEY by:
Metropolitan Area And
County
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