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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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CNB MORTGAGE COMPANY
Mortgage Loans and Application Details
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| Mortgage Company Name |
CNB MORTGAGE COMPANY |
| Address | 63A MONROE AVENUE
PITTSFORD, NY 14534 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 925 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $129,349,000 |
| Average Mortgage Loan Amount Applied For | $139,333 |
| Highest Mortgage Loan Amount Applied For | $1,200,000 |
| Average Applicant Income | $94,458 |
| Highest Applicant Income | $2,497,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
588 | $72,992,000 |
$124,000 | $1,000,000 |
$84,000 | $515,000 |
| Refinancing |
346 | $57,491,000 |
$166,000 | $1,200,000 |
$95,000 | $2,497,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
11 | $1,651,000 |
$150,000 | $518,000 |
$93,000 | $361,000 |
| Black or African American |
12 | $1,514,000 |
$126,000 | $376,000 |
$59,000 | $154,000 |
| Hispanic |
7 | $753,000 |
$107,000 | $332,000 |
$58,000 | $140,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $1,207,000 |
$603,000 | $1,000,000 |
$302,000 | $510,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
2 | $376,000 |
$188,000 | $230,000 |
$89,000 | $103,000 |
| White |
900 | $124,982,000 |
$138,000 | $1,200,000 |
$88,000 | $2,497,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
830 | $119,659,000 |
$144,000 | $1,200,000 |
$92,000 | $2,497,000 |
| FHA-insured (Federal Housing Administration) |
91 | $9,323,000 |
$102,000 | $253,000 |
$54,000 | $164,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $73,000 |
$73,000 | $73,000 |
$31,000 | $31,000 |
| VA-guaranteed (Veterans Administration) |
12 | $1,428,000 |
$119,000 | $179,000 |
$57,000 | $99,000 |
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| Application Approved But Not Accepted |
38 | $5,766,000 |
$151,000 | $680,000 |
$92,000 | $296,000 |
| Application Denied By Financial Institution |
55 | $6,052,000 |
$110,000 | $417,000 |
$64,000 | $256,000 |
| Application Withdrawn By Applicant |
14 | $1,738,000 |
$124,000 | $379,000 |
$76,000 | $190,000 |
| File Closed For Incompleteness |
1 | $160,000 |
$160,000 | $160,000 |
$80,000 | $80,000 |
| Loan Originated |
815 | $115,420,000 |
$141,000 | $1,200,000 |
$90,000 | $2,497,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
10 | $1,267,000 |
$126,000 | $260,000 |
$44,000 | $89,000 |
| Preapproval Denied by Financial Institution |
1 | $80,000 |
$80,000 | $80,000 |
$36,000 | $36,000 |
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| Collateral |
9 | $963,000 |
$107,000 | $237,000 |
$72,000 | $251,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
7 | $782,000 |
$111,000 | $150,000 |
$58,000 | $100,000 |
| Debt-To-Income Ratio |
8 | $1,498,000 |
$187,000 | $417,000 |
$52,000 | $98,000 |
| Employment History |
1 | $59,000 |
$59,000 | $59,000 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
7 | $474,000 |
$67,000 | $127,000 |
$24,000 | $60,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
22 | $1,928,000 |
$87,000 | $200,000 |
$82,000 | $256,000 |
| Unverifiable Information |
2 | $428,000 |
$214,000 | $248,000 |
$53,000 | $64,000 |
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Mortgage Loan App Totals for CNB MORTGAGE COMPANY by:
Metropolitan Area And
County
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