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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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CITIZENS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
CITIZENS BANK |
| Address | 500 W. BROADWAY
FARMINGTON, NM 87401 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 231 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $28,012,000 |
| Average Mortgage Loan Amount Applied For | $29,200 |
| Highest Mortgage Loan Amount Applied For | $800,000 |
| Average Applicant Income | $45,400 |
| Highest Applicant Income | $401,000 |
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| Home Improvement |
60 | $1,578,000 |
$26,000 | $274,000 |
$48,000 | $182,000 |
| Home Purchase |
135 | $21,956,000 |
$162,000 | $800,000 |
$71,000 | $401,000 |
| Refinancing |
57 | $7,243,000 |
$127,000 | $360,000 |
$64,000 | $250,000 |
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| American Indian or Alaskan Native |
32 | $855,000 |
$26,000 | $207,000 |
$31,000 | $77,000 |
| Asian |
2 | $431,000 |
$215,000 | $328,000 |
$50,000 | $62,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
37 | $4,365,000 |
$117,000 | $222,000 |
$62,000 | $142,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
6 | $768,000 |
$128,000 | $360,000 |
$0 | $0 |
| Not Provided |
18 | $3,019,000 |
$167,000 | $645,000 |
$84,000 | $288,000 |
| White |
157 | $21,339,000 |
$135,000 | $800,000 |
$71,000 | $401,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
209 | $24,775,000 |
$118,000 | $800,000 |
$68,000 | $401,000 |
| FHA-insured (Federal Housing Administration) |
24 | $3,151,000 |
$131,000 | $180,000 |
$43,000 | $102,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
8 | $1,157,000 |
$144,000 | $196,000 |
$46,000 | $65,000 |
| VA-guaranteed (Veterans Administration) |
11 | $1,694,000 |
$154,000 | $248,000 |
$45,000 | $96,000 |
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| Application Approved But Not Accepted |
24 | $4,082,000 |
$170,000 | $392,000 |
$80,000 | $205,000 |
| Application Denied By Financial Institution |
63 | $3,541,000 |
$56,000 | $226,000 |
$35,000 | $108,000 |
| Application Withdrawn By Applicant |
3 | $112,000 |
$37,000 | $104,000 |
$38,000 | $51,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
141 | $20,277,000 |
$143,000 | $800,000 |
$78,000 | $401,000 |
| 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 |
21 | $2,765,000 |
$131,000 | $204,000 |
$37,000 | $83,000 |
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| Collateral |
3 | $264,000 |
$88,000 | $150,000 |
$38,000 | $61,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
46 | $2,391,000 |
$51,000 | $181,000 |
$33,000 | $85,000 |
| Debt-To-Income Ratio |
23 | $2,762,000 |
$120,000 | $226,000 |
$33,000 | $72,000 |
| Employment History |
1 | $2,000 |
$2,000 | $2,000 |
$5,000 | $5,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $118,000 |
$59,000 | $78,000 |
$18,000 | $18,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for CITIZENS BANK by:
Metropolitan Area And
County
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