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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 NATIONAL BANK & TR
Mortgage Loans and Application Details
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| Mortgage Company Name |
CORNERSTONE NATIONAL BANK & TR |
| Address | ONE WEST NORTHWEST HIGHWAY
PALATINE, IL 60067 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 60 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $19,254,000 |
| Average Mortgage Loan Amount Applied For | $292,111 |
| Highest Mortgage Loan Amount Applied For | $3,813,000 |
| Average Applicant Income | $349,444 |
| Highest Applicant Income | $2,085,000 |
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| Home Improvement |
2 | $120,000 |
$60,000 | $90,000 |
$0 | $0 |
| Home Purchase |
33 | $10,322,000 |
$312,000 | $883,000 |
$131,000 | $2,085,000 |
| Refinancing |
25 | $8,812,000 |
$352,000 | $3,813,000 |
$178,000 | $771,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $664,000 |
$664,000 | $664,000 |
$771,000 | $771,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
1 | $510,000 |
$510,000 | $510,000 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
4 | $528,000 |
$132,000 | $250,000 |
$83,000 | $332,000 |
| Not applicable |
12 | $7,599,000 |
$633,000 | $3,813,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
42 | $9,953,000 |
$236,000 | $883,000 |
$182,000 | $2,085,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
60 | $19,254,000 |
$320,000 | $3,813,000 |
$146,000 | $2,085,000 |
| 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 |
5 | $947,000 |
$189,000 | $300,000 |
$86,000 | $146,000 |
| Application Denied By Financial Institution |
5 | $2,087,000 |
$417,000 | $883,000 |
$102,000 | $207,000 |
| Application Withdrawn By Applicant |
1 | $240,000 |
$240,000 | $240,000 |
$54,000 | $54,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
49 | $15,980,000 |
$326,000 | $3,813,000 |
$158,000 | $2,085,000 |
| 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 |
2 | $528,000 |
$264,000 | $280,000 |
$71,000 | $76,000 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
1 | $883,000 |
$883,000 | $883,000 |
$207,000 | $207,000 |
| Employment History |
1 | $400,000 |
$400,000 | $400,000 |
$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 |
1 | $276,000 |
$276,000 | $276,000 |
$161,000 | $161,000 |
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Mortgage Loan App Totals for CORNERSTONE NATIONAL BANK & TR by:
Metropolitan Area And
County
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