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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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CANON NATIONAL BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
CANON NATIONAL BANK |
| Address | 100 EAST MAIN STREET
FLORENCE, CO 81226 |
| 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 | 262 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $33,537,000 |
| Average Mortgage Loan Amount Applied For | $189,500 |
| Highest Mortgage Loan Amount Applied For | $664,000 |
| Average Applicant Income | $70,500 |
| Highest Applicant Income | $457,000 |
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| Home Improvement |
9 | $483,000 |
$53,000 | $291,000 |
$55,000 | $240,000 |
| Home Purchase |
164 | $20,604,000 |
$125,000 | $625,000 |
$68,000 | $269,000 |
| Refinancing |
89 | $12,450,000 |
$139,000 | $664,000 |
$74,000 | $457,000 |
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| American Indian or Alaskan Native |
1 | $61,000 |
$61,000 | $61,000 |
$16,000 | $16,000 |
| Asian |
1 | $162,000 |
$162,000 | $162,000 |
$30,000 | $30,000 |
| Black or African American |
1 | $170,000 |
$170,000 | $170,000 |
$67,000 | $67,000 |
| Hispanic |
14 | $1,596,000 |
$114,000 | $170,000 |
$74,000 | $276,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
3 | $598,000 |
$199,000 | $291,000 |
$0 | $0 |
| Not Provided |
4 | $309,000 |
$77,000 | $116,000 |
$70,000 | $90,000 |
| White |
238 | $30,641,000 |
$128,000 | $664,000 |
$71,000 | $457,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
232 | $29,764,000 |
$128,000 | $664,000 |
$73,000 | $457,000 |
| FHA-insured (Federal Housing Administration) |
18 | $1,972,000 |
$109,000 | $170,000 |
$49,000 | $189,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
5 | $602,000 |
$120,000 | $178,000 |
$36,000 | $59,000 |
| VA-guaranteed (Veterans Administration) |
7 | $1,199,000 |
$171,000 | $288,000 |
$54,000 | $97,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
23 | $2,083,000 |
$90,000 | $550,000 |
$48,000 | $120,000 |
| Application Withdrawn By Applicant |
38 | $5,301,000 |
$139,000 | $625,000 |
$67,000 | $224,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
201 | $26,153,000 |
$130,000 | $664,000 |
$73,000 | $457,000 |
| 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 |
3 | $625,000 |
$208,000 | $550,000 |
$66,000 | $120,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
11 | $946,000 |
$86,000 | $170,000 |
$50,000 | $93,000 |
| Debt-To-Income Ratio |
5 | $282,000 |
$56,000 | $141,000 |
$28,000 | $47,000 |
| 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 |
2 | $124,000 |
$62,000 | $99,000 |
$60,000 | $60,000 |
| Unverifiable Information |
2 | $106,000 |
$53,000 | $61,000 |
$44,000 | $72,000 |
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Mortgage Loan App Totals for CANON NATIONAL BANK by:
Metropolitan Area And
County
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