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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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BUSEY BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
BUSEY BANK |
| Address | 909 W. KIRBY AVE
CHAMPAIGN, IL 61821 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,507 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $296,144,000 |
| Average Mortgage Loan Amount Applied For | $200,136 |
| Highest Mortgage Loan Amount Applied For | $3,000,000 |
| Average Applicant Income | $103,787 |
| Highest Applicant Income | $1,872,000 |
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| Home Improvement |
138 | $4,944,000 |
$35,000 | $282,000 |
$67,000 | $475,000 |
| Home Purchase |
1,740 | $212,457,000 |
$122,000 | $3,000,000 |
$72,000 | $1,872,000 |
| Refinancing |
738 | $90,169,000 |
$122,000 | $2,000,000 |
$77,000 | $946,000 |
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| American Indian or Alaskan Native |
2 | $137,000 |
$68,000 | $124,000 |
$81,000 | $81,000 |
| Asian |
118 | $15,886,000 |
$134,000 | $417,000 |
$81,000 | $750,000 |
| Black or African American |
92 | $9,804,000 |
$106,000 | $650,000 |
$84,000 | $586,000 |
| Hispanic |
45 | $5,755,000 |
$127,000 | $726,000 |
$66,000 | $218,000 |
| Native Hawaiin or Other Pacific Islander |
7 | $658,000 |
$94,000 | $146,000 |
$64,000 | $95,000 |
| Not applicable |
120 | $27,176,000 |
$226,000 | $3,000,000 |
$0 | $0 |
| Not Provided |
2 | $168,000 |
$84,000 | $119,000 |
$51,000 | $81,000 |
| White |
2,230 | $247,986,000 |
$111,000 | $1,327,000 |
$76,000 | $1,872,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,570 | $302,218,000 |
$117,000 | $3,000,000 |
$73,000 | $1,872,000 |
| FHA-insured (Federal Housing Administration) |
36 | $4,106,000 |
$114,000 | $185,000 |
$52,000 | $133,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
10 | $1,246,000 |
$124,000 | $210,000 |
$59,000 | $153,000 |
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| Application Approved But Not Accepted |
169 | $20,373,000 |
$120,000 | $1,000,000 |
$86,000 | $1,872,000 |
| Application Denied By Financial Institution |
126 | $12,627,000 |
$100,000 | $1,090,000 |
$57,000 | $266,000 |
| Application Withdrawn By Applicant |
19 | $1,850,000 |
$97,000 | $275,000 |
$49,000 | $109,000 |
| File Closed For Incompleteness |
7 | $649,000 |
$92,000 | $158,000 |
$60,000 | $116,000 |
| Loan Originated |
2,219 | $264,836,000 |
$119,000 | $3,000,000 |
$74,000 | $972,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
3 | $310,000 |
$103,000 | $126,000 |
$38,000 | $46,000 |
| Preapproval Denied by Financial Institution |
73 | $6,925,000 |
$94,000 | $416,000 |
$41,000 | $183,000 |
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| Collateral |
17 | $1,568,000 |
$92,000 | $240,000 |
$54,000 | $106,000 |
| Credit Application Incomplete |
2 | $259,000 |
$129,000 | $200,000 |
$56,000 | $62,000 |
| Credit History |
119 | $11,953,000 |
$100,000 | $994,000 |
$50,000 | $225,000 |
| Debt-To-Income Ratio |
47 | $4,906,000 |
$104,000 | $1,090,000 |
$50,000 | $266,000 |
| Employment History |
4 | $225,000 |
$56,000 | $96,000 |
$33,000 | $79,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
10 | $641,000 |
$64,000 | $350,000 |
$82,000 | $109,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for BUSEY BANK by:
Metropolitan Area And
County
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