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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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CANANDAIGUA NATIONAL BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
CANANDAIGUA NATIONAL BANK |
| Address | 72 SOUTH MAIN STREET
CANANDAIGUA, NY 14424 |
| 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 | 835 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $83,898,000 |
| Average Mortgage Loan Amount Applied For | $200,185 |
| Highest Mortgage Loan Amount Applied For | $1,200,000 |
| Average Applicant Income | $140,481 |
| Highest Applicant Income | $892,000 |
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| Home Improvement |
260 | $6,199,000 |
$23,000 | $250,000 |
$71,000 | $360,000 |
| Home Purchase |
232 | $32,559,000 |
$140,000 | $1,000,000 |
$98,000 | $515,000 |
| Refinancing |
343 | $45,140,000 |
$131,000 | $1,200,000 |
$89,000 | $892,000 |
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| American Indian or Alaskan Native |
2 | $93,000 |
$46,000 | $48,000 |
$49,000 | $51,000 |
| Asian |
5 | $924,000 |
$184,000 | $518,000 |
$116,000 | $361,000 |
| Black or African American |
7 | $347,000 |
$49,000 | $173,000 |
$60,000 | $111,000 |
| Hispanic |
10 | $798,000 |
$79,000 | $332,000 |
$62,000 | $194,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $1,000,000 |
$1,000,000 | $1,000,000 |
$510,000 | $510,000 |
| Not applicable |
3 | $728,000 |
$242,000 | $580,000 |
$0 | $0 |
| Not Provided |
1 | $230,000 |
$230,000 | $230,000 |
$103,000 | $103,000 |
| White |
806 | $79,778,000 |
$98,000 | $1,200,000 |
$86,000 | $892,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
835 | $83,898,000 |
$100,000 | $1,200,000 |
$86,000 | $892,000 |
| 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 |
17 | $398,000 |
$23,000 | $67,000 |
$86,000 | $250,000 |
| Application Denied By Financial Institution |
95 | $2,791,000 |
$29,000 | $300,000 |
$54,000 | $172,000 |
| Application Withdrawn By Applicant |
6 | $269,000 |
$44,000 | $130,000 |
$93,000 | $186,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
323 | $14,169,000 |
$43,000 | $950,000 |
$78,000 | $599,000 |
| Loan Purchased By The Institution |
394 | $66,271,000 |
$168,000 | $1,200,000 |
$100,000 | $892,000 |
| 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 |
18 | $600,000 |
$33,000 | $91,000 |
$71,000 | $150,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
48 | $840,000 |
$17,000 | $86,000 |
$54,000 | $172,000 |
| Debt-To-Income Ratio |
22 | $1,160,000 |
$52,000 | $300,000 |
$42,000 | $90,000 |
| Employment History |
5 | $90,000 |
$18,000 | $35,000 |
$31,000 | $65,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $93,000 |
$93,000 | $93,000 |
$94,000 | $94,000 |
| Unverifiable Information |
1 | $8,000 |
$8,000 | $8,000 |
$34,000 | $34,000 |
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Mortgage Loan App Totals for CANANDAIGUA NATIONAL BANK by:
Metropolitan Area And
County
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