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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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CEDAR RAPIDS BANK AND TRUST
Mortgage Loans and Application Details
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| Mortgage Company Name |
CEDAR RAPIDS BANK AND TRUST |
| Address | 500 1ST AVENUE
CEDAR RAPIDS, IA 52402 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 360 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $46,888,000 |
| Average Mortgage Loan Amount Applied For | $176,055 |
| Highest Mortgage Loan Amount Applied For | $1,274,000 |
| Average Applicant Income | $107,444 |
| Highest Applicant Income | $652,000 |
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| Home Improvement |
10 | $863,000 |
$86,000 | $325,000 |
$81,000 | $194,000 |
| Home Purchase |
305 | $37,311,000 |
$122,000 | $1,274,000 |
$72,000 | $652,000 |
| Refinancing |
74 | $11,112,000 |
$150,000 | $970,000 |
$102,000 | $504,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
6 | $666,000 |
$111,000 | $167,000 |
$51,000 | $77,000 |
| Black or African American |
18 | $1,879,000 |
$104,000 | $417,000 |
$72,000 | $213,000 |
| Hispanic |
3 | $339,000 |
$113,000 | $129,000 |
$30,000 | $37,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
5 | $1,559,000 |
$311,000 | $970,000 |
$0 | $0 |
| Not Provided |
3 | $147,000 |
$49,000 | $104,000 |
$84,000 | $119,000 |
| White |
354 | $44,696,000 |
$126,000 | $1,274,000 |
$80,000 | $652,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
386 | $48,998,000 |
$126,000 | $1,274,000 |
$78,000 | $652,000 |
| FHA-insured (Federal Housing Administration) |
3 | $288,000 |
$96,000 | $104,000 |
$41,000 | $53,000 |
| 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 |
60 | $8,521,000 |
$142,000 | $875,000 |
$83,000 | $652,000 |
| Application Denied By Financial Institution |
10 | $1,359,000 |
$135,000 | $240,000 |
$40,000 | $90,000 |
| Application Withdrawn By Applicant |
7 | $357,000 |
$51,000 | $125,000 |
$83,000 | $241,000 |
| File Closed For Incompleteness |
1 | $170,000 |
$170,000 | $170,000 |
$0 | $0 |
| Loan Originated |
282 | $36,481,000 |
$129,000 | $1,274,000 |
$83,000 | $504,000 |
| 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 |
29 | $2,398,000 |
$82,000 | $185,000 |
$26,000 | $78,000 |
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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 CEDAR RAPIDS BANK AND TRUST by:
Metropolitan Area And
County
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