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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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COMMERCIAL BANK & TRUST OF PA
Mortgage Loans and Application Details
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| Mortgage Company Name |
COMMERCIAL BANK & TRUST OF PA |
| Address | 900 LIGONIER ST. PO BOX 429
LATROBE, PA 15650 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 442 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $42,841,000 |
| Average Mortgage Loan Amount Applied For | $131,375 |
| Highest Mortgage Loan Amount Applied For | $1,810,000 |
| Average Applicant Income | $85,250 |
| Highest Applicant Income | $1,100,000 |
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| Home Improvement |
112 | $5,795,000 |
$51,000 | $1,000,000 |
$64,000 | $1,100,000 |
| Home Purchase |
184 | $25,262,000 |
$137,000 | $1,810,000 |
$71,000 | $593,000 |
| Refinancing |
162 | $13,899,000 |
$85,000 | $1,430,000 |
$66,000 | $189,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
2 | $218,000 |
$109,000 | $118,000 |
$45,000 | $55,000 |
| Hispanic |
4 | $179,000 |
$44,000 | $66,000 |
$125,000 | $182,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
18 | $5,454,000 |
$303,000 | $1,810,000 |
$0 | $0 |
| Not Provided |
2 | $436,000 |
$218,000 | $350,000 |
$128,000 | $207,000 |
| White |
432 | $38,669,000 |
$89,000 | $1,000,000 |
$70,000 | $1,100,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
458 | $44,956,000 |
$98,000 | $1,810,000 |
$67,000 | $1,100,000 |
| 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 |
1 | $28,000 |
$28,000 | $28,000 |
$15,000 | $15,000 |
| Application Denied By Financial Institution |
79 | $6,203,000 |
$78,000 | $554,000 |
$52,000 | $130,000 |
| Application Withdrawn By Applicant |
37 | $4,135,000 |
$111,000 | $512,000 |
$78,000 | $593,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
326 | $32,647,000 |
$100,000 | $1,810,000 |
$71,000 | $1,100,000 |
| 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 |
15 | $1,943,000 |
$129,000 | $350,000 |
$61,000 | $207,000 |
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| Collateral |
2 | $85,000 |
$42,000 | $45,000 |
$39,000 | $45,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
27 | $1,804,000 |
$66,000 | $184,000 |
$53,000 | $98,000 |
| Debt-To-Income Ratio |
53 | $5,113,000 |
$96,000 | $554,000 |
$57,000 | $207,000 |
| Employment History |
8 | $918,000 |
$114,000 | $305,000 |
$50,000 | $113,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $100,000 |
$100,000 | $100,000 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
3 | $126,000 |
$42,000 | $76,000 |
$17,000 | $38,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for COMMERCIAL BANK & TRUST OF PA by:
Metropolitan Area And
County
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