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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 INDEPENDENT BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
CITIZENS INDEPENDENT BANK |
| Address | 5000 WEST 36TH STREET
ST LOUIS PARK, MN 55416 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 94 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $12,879,000 |
| Average Mortgage Loan Amount Applied For | $125,200 |
| Highest Mortgage Loan Amount Applied For | $800,000 |
| Average Applicant Income | $84,900 |
| Highest Applicant Income | $254,000 |
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| Home Improvement |
13 | $728,000 |
$56,000 | $230,000 |
$95,000 | $208,000 |
| Home Purchase |
24 | $4,046,000 |
$168,000 | $458,000 |
$96,000 | $723,000 |
| Refinancing |
64 | $9,491,000 |
$148,000 | $800,000 |
$83,000 | $274,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $180,000 |
$180,000 | $180,000 |
$73,000 | $73,000 |
| Black or African American |
4 | $547,000 |
$136,000 | $198,000 |
$58,000 | $101,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
47 | $7,815,000 |
$166,000 | $800,000 |
$100,000 | $723,000 |
| White |
49 | $5,723,000 |
$116,000 | $416,000 |
$79,000 | $244,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
101 | $14,265,000 |
$141,000 | $800,000 |
$88,000 | $723,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
8 | $1,688,000 |
$211,000 | $495,000 |
$74,000 | $144,000 |
| Application Withdrawn By Applicant |
1 | $72,000 |
$72,000 | $72,000 |
$28,000 | $28,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
92 | $12,505,000 |
$135,000 | $800,000 |
$90,000 | $723,000 |
| 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 |
1 | $148,000 |
$148,000 | $148,000 |
$144,000 | $144,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $224,000 |
$224,000 | $224,000 |
$102,000 | $102,000 |
| Debt-To-Income Ratio |
6 | $1,316,000 |
$219,000 | $495,000 |
$57,000 | $101,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for CITIZENS INDEPENDENT BANK by:
Metropolitan Area And
County
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