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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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CENTRAL BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
CENTRAL BANK |
| Address | 2270 FRONTAGE RD W
STILLWATER, MN 55082 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 607 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $124,627,000 |
| Average Mortgage Loan Amount Applied For | $242,061 |
| Highest Mortgage Loan Amount Applied For | $1,292,000 |
| Average Applicant Income | $289,857 |
| Highest Applicant Income | $4,992,000 |
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| Home Improvement |
14 | $819,000 |
$58,000 | $150,000 |
$71,000 | $291,000 |
| Home Purchase |
326 | $62,168,000 |
$190,000 | $1,000,000 |
$148,000 | $4,992,000 |
| Refinancing |
293 | $65,833,000 |
$224,000 | $1,292,000 |
$135,000 | $1,900,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
7 | $1,246,000 |
$178,000 | $296,000 |
$140,000 | $329,000 |
| Black or African American |
6 | $881,000 |
$146,000 | $213,000 |
$171,000 | $195,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
1 | $214,000 |
$214,000 | $214,000 |
$72,000 | $72,000 |
| Not applicable |
68 | $9,285,000 |
$136,000 | $962,000 |
$12,000 | $300,000 |
| Not Provided |
143 | $29,099,000 |
$203,000 | $1,000,000 |
$153,000 | $2,476,000 |
| White |
408 | $88,095,000 |
$215,000 | $1,292,000 |
$157,000 | $4,992,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
632 | $128,639,000 |
$203,000 | $1,292,000 |
$140,000 | $4,992,000 |
| 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) |
1 | $181,000 |
$181,000 | $181,000 |
$47,000 | $47,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
15 | $1,883,000 |
$125,000 | $248,000 |
$51,000 | $118,000 |
| Application Withdrawn By Applicant |
65 | $15,323,000 |
$235,000 | $1,000,000 |
$119,000 | $564,000 |
| File Closed For Incompleteness |
1 | $265,000 |
$265,000 | $265,000 |
$56,000 | $56,000 |
| Loan Originated |
527 | $107,231,000 |
$203,000 | $1,292,000 |
$149,000 | $4,992,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
20 | $3,298,000 |
$164,000 | $317,000 |
$80,000 | $240,000 |
| Preapproval Denied by Financial Institution |
5 | $820,000 |
$164,000 | $200,000 |
$46,000 | $95,000 |
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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 CENTRAL BANK by:
Metropolitan Area And
County
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