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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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CLEAR MOUNTAIN BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
CLEAR MOUNTAIN BANK |
| Address | P.O. BOX 205
BRUCETON MILLS, WV 26525 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 472 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $49,164,000 |
| Average Mortgage Loan Amount Applied For | $105,000 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $64,500 |
| Highest Applicant Income | $492,000 |
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| Home Improvement |
46 | $2,621,000 |
$56,000 | $218,000 |
$64,000 | $299,000 |
| Home Purchase |
326 | $38,204,000 |
$117,000 | $1,800,000 |
$66,000 | $492,000 |
| Refinancing |
238 | $25,676,000 |
$107,000 | $825,000 |
$67,000 | $348,000 |
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| American Indian or Alaskan Native |
1 | $177,000 |
$177,000 | $177,000 |
$44,000 | $44,000 |
| Asian |
2 | $247,000 |
$123,000 | $150,000 |
$13,000 | $27,000 |
| Black or African American |
9 | $1,084,000 |
$120,000 | $299,000 |
$69,000 | $115,000 |
| Hispanic |
6 | $567,000 |
$94,000 | $196,000 |
$104,000 | $320,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
11 | $1,556,000 |
$141,000 | $550,000 |
$0 | $0 |
| Not Provided |
13 | $731,000 |
$56,000 | $200,000 |
$35,000 | $88,000 |
| White |
568 | $62,139,000 |
$109,000 | $1,800,000 |
$68,000 | $492,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
609 | $66,404,000 |
$109,000 | $1,800,000 |
$66,000 | $492,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $97,000 |
$97,000 | $97,000 |
$38,000 | $38,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
2 | $203,000 |
$101,000 | $178,000 |
$32,000 | $43,000 |
| Application Denied By Financial Institution |
46 | $5,203,000 |
$113,000 | $997,000 |
$54,000 | $330,000 |
| Application Withdrawn By Applicant |
73 | $10,343,000 |
$141,000 | $1,800,000 |
$63,000 | $348,000 |
| File Closed For Incompleteness |
11 | $1,369,000 |
$124,000 | $287,000 |
$87,000 | $296,000 |
| Loan Originated |
478 | $49,383,000 |
$103,000 | $1,000,000 |
$67,000 | $492,000 |
| 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 |
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 CLEAR MOUNTAIN BANK by:
Metropolitan Area And
County
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