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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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COMMUNITY RESOURCE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
COMMUNITY RESOURCE BANK |
| Address | 1605 HERITAGE DRIVE
NORTHFIELD, MN 55057 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 110 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $16,279,000 |
| Average Mortgage Loan Amount Applied For | $226,437 |
| Highest Mortgage Loan Amount Applied For | $1,870,000 |
| Average Applicant Income | $144,875 |
| Highest Applicant Income | $710,000 |
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| Home Improvement |
30 | $1,730,000 |
$57,000 | $394,000 |
$64,000 | $127,000 |
| Home Purchase |
30 | $6,357,000 |
$211,000 | $1,870,000 |
$107,000 | $710,000 |
| Refinancing |
51 | $8,328,000 |
$163,000 | $605,000 |
$66,000 | $274,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $200,000 |
$200,000 | $200,000 |
$0 | $0 |
| Black or African American |
1 | $44,000 |
$44,000 | $44,000 |
$65,000 | $65,000 |
| Hispanic |
1 | $20,000 |
$20,000 | $20,000 |
$40,000 | $40,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
7 | $3,295,000 |
$470,000 | $1,870,000 |
$0 | $0 |
| Not Provided |
1 | $86,000 |
$86,000 | $86,000 |
$90,000 | $90,000 |
| White |
100 | $12,770,000 |
$127,000 | $605,000 |
$83,000 | $710,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
111 | $16,415,000 |
$147,000 | $1,870,000 |
$77,000 | $710,000 |
| 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 |
18 | $2,988,000 |
$166,000 | $605,000 |
$60,000 | $153,000 |
| Application Withdrawn By Applicant |
15 | $1,787,000 |
$119,000 | $275,000 |
$64,000 | $120,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
78 | $11,640,000 |
$149,000 | $1,870,000 |
$83,000 | $710,000 |
| 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 | $14,000 |
$14,000 | $14,000 |
$96,000 | $96,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
5 | $699,000 |
$139,000 | $285,000 |
$66,000 | $130,000 |
| Debt-To-Income Ratio |
11 | $2,271,000 |
$206,000 | $605,000 |
$59,000 | $153,000 |
| 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 |
1 | $4,000 |
$4,000 | $4,000 |
$11,000 | $11,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for COMMUNITY RESOURCE BANK by:
Metropolitan Area And
County
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