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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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CAMDEN NATIONAL BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
CAMDEN NATIONAL BANK |
| Address | 245 COMMERCIAL STREET
ROCKPORT, ME 04856 |
| 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 | 1,589 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $179,054,000 |
| Average Mortgage Loan Amount Applied For | $111,000 |
| Highest Mortgage Loan Amount Applied For | $1,954,000 |
| Average Applicant Income | $92,411 |
| Highest Applicant Income | $1,067,000 |
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| Home Improvement |
456 | $20,996,000 |
$46,000 | $566,000 |
$62,000 | $694,000 |
| Home Purchase |
466 | $79,136,000 |
$169,000 | $1,954,000 |
$90,000 | $1,067,000 |
| Refinancing |
667 | $78,922,000 |
$118,000 | $1,715,000 |
$71,000 | $699,000 |
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| American Indian or Alaskan Native |
5 | $669,000 |
$133,000 | $275,000 |
$59,000 | $95,000 |
| Asian |
5 | $446,000 |
$89,000 | $196,000 |
$35,000 | $83,000 |
| Black or African American |
2 | $176,000 |
$88,000 | $113,000 |
$25,000 | $29,000 |
| Hispanic |
2 | $202,000 |
$101,000 | $200,000 |
$42,000 | $55,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
24 | $5,301,000 |
$220,000 | $1,715,000 |
$84,000 | $968,000 |
| Not Provided |
60 | $9,194,000 |
$153,000 | $560,000 |
$135,000 | $1,067,000 |
| White |
1,491 | $163,066,000 |
$109,000 | $1,954,000 |
$72,000 | $699,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,563 | $175,996,000 |
$112,000 | $1,954,000 |
$75,000 | $1,067,000 |
| FHA-insured (Federal Housing Administration) |
1 | $122,000 |
$122,000 | $122,000 |
$65,000 | $65,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
23 | $2,737,000 |
$119,000 | $250,000 |
$36,000 | $66,000 |
| VA-guaranteed (Veterans Administration) |
2 | $199,000 |
$99,000 | $150,000 |
$35,000 | $36,000 |
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| Application Approved But Not Accepted |
51 | $8,600,000 |
$168,000 | $1,400,000 |
$86,000 | $318,000 |
| Application Denied By Financial Institution |
372 | $36,377,000 |
$97,000 | $720,000 |
$58,000 | $1,067,000 |
| Application Withdrawn By Applicant |
22 | $2,264,000 |
$102,000 | $357,000 |
$50,000 | $114,000 |
| File Closed For Incompleteness |
3 | $197,000 |
$65,000 | $105,000 |
$57,000 | $90,000 |
| Loan Originated |
1,141 | $131,616,000 |
$115,000 | $1,954,000 |
$79,000 | $812,000 |
| 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 |
47 | $4,430,000 |
$94,000 | $556,000 |
$65,000 | $236,000 |
| Credit Application Incomplete |
50 | $8,665,000 |
$173,000 | $720,000 |
$97,000 | $1,067,000 |
| Credit History |
117 | $6,924,000 |
$59,000 | $223,000 |
$57,000 | $968,000 |
| Debt-To-Income Ratio |
117 | $13,530,000 |
$115,000 | $488,000 |
$41,000 | $240,000 |
| Employment History |
3 | $241,000 |
$80,000 | $166,000 |
$63,000 | $78,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
5 | $788,000 |
$157,000 | $245,000 |
$54,000 | $150,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
11 | $468,000 |
$42,000 | $95,000 |
$45,000 | $92,000 |
| Unverifiable Information |
22 | $1,331,000 |
$60,000 | $165,000 |
$60,000 | $191,000 |
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Mortgage Loan App Totals for CAMDEN NATIONAL BANK by:
Metropolitan Area And
County
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