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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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CORNERSTONE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
CORNERSTONE BANK |
| Address | 28 E MAIN ST
SPRINGFIELD, OH 45502 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 661 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $57,463,000 |
| Average Mortgage Loan Amount Applied For | $143,444 |
| Highest Mortgage Loan Amount Applied For | $569,000 |
| Average Applicant Income | $112,333 |
| Highest Applicant Income | $536,000 |
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| Home Improvement (one-to-four family) |
96 | $3,102,000 |
$32,000 | $200,000 |
$80,000 | $536,000 |
| Home Purchase (one-to-four family) |
128 | $12,778,000 |
$184,500 | $531,000 |
$92,000 | $373,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
1 | $388,000 |
$388,000 | $388,000 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
436 | $41,195,000 |
$154,666 | $569,000 |
$149,666 | $461,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian or Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black |
16 | $919,000 |
$57,000 | $192,000 |
$56,000 | $119,000 |
| Hispanic |
2 | $112,000 |
$56,000 | $56,000 |
$40,000 | $48,000 |
| Information not provided by applicant in mail or telephone application |
1 | $185,000 |
$185,000 | $185,000 |
$29,000 | $29,000 |
| Not applicable |
2 | $416,000 |
$208,000 | $388,000 |
$54,000 | $109,000 |
| Other |
2 | $211,000 |
$105,000 | $116,000 |
$155,000 | $210,000 |
| White |
638 | $55,620,000 |
$181,750 | $569,000 |
$139,750 | $536,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
661 | $57,463,000 |
$181,750 | $569,000 |
$139,000 | $536,000 |
| 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 |
18 | $1,504,000 |
$83,000 | $200,000 |
$98,000 | $342,000 |
| Application Denied By Financial Institution |
32 | $1,511,000 |
$47,000 | $151,000 |
$63,000 | $156,000 |
| Application Withdrawn By Applicant |
10 | $975,000 |
$97,000 | $240,000 |
$59,000 | $135,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
601 | $53,473,000 |
$182,250 | $569,000 |
$139,750 | $536,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
10 | $716,000 |
$71,000 | $151,000 |
$90,000 | $156,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
6 | $212,000 |
$35,000 | $90,000 |
$70,000 | $122,000 |
| Debt-To-Income Ratio |
10 | $414,000 |
$41,000 | $95,000 |
$35,000 | $85,000 |
| Employment History |
4 | $80,000 |
$20,000 | $40,000 |
$27,000 | $54,000 |
| 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 |
2 | $89,000 |
$44,000 | $47,000 |
$76,000 | $115,000 |
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Mortgage Loan App Totals for CORNERSTONE BANK by:
Metropolitan Area And
County
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