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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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CORTRUST BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
CORTRUST BANK |
| Address | 100 EAST HAVENS
MITCHELL, SD 57301 |
| 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 | 248 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $9,117,000 |
| Average Mortgage Loan Amount Applied For | $38,071 |
| Highest Mortgage Loan Amount Applied For | $465,000 |
| Average Applicant Income | $67,535 |
| Highest Applicant Income | $456,000 |
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| Home Improvement |
92 | $1,745,000 |
$18,000 | $151,000 |
$57,000 | $177,000 |
| Home Purchase |
50 | $2,179,000 |
$43,000 | $224,000 |
$81,000 | $456,000 |
| Refinancing |
106 | $5,193,000 |
$48,000 | $465,000 |
$78,000 | $312,000 |
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| American Indian or Alaskan Native |
1 | $16,000 |
$16,000 | $16,000 |
$55,000 | $55,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
4 | $74,000 |
$18,000 | $30,000 |
$40,000 | $61,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
1 | $15,000 |
$15,000 | $15,000 |
$79,000 | $79,000 |
| Not Provided |
5 | $295,000 |
$59,000 | $224,000 |
$193,000 | $395,000 |
| White |
237 | $8,717,000 |
$36,000 | $465,000 |
$69,000 | $456,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
248 | $9,117,000 |
$36,000 | $465,000 |
$71,000 | $456,000 |
| 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 |
4 | $202,000 |
$50,000 | $122,000 |
$73,000 | $117,000 |
| Application Denied By Financial Institution |
14 | $591,000 |
$42,000 | $190,000 |
$51,000 | $100,000 |
| Application Withdrawn By Applicant |
6 | $122,000 |
$20,000 | $38,000 |
$49,000 | $114,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
224 | $8,202,000 |
$36,000 | $465,000 |
$73,000 | $456,000 |
| 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 |
3 | $205,000 |
$68,000 | $190,000 |
$31,000 | $54,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
6 | $213,000 |
$35,000 | $100,000 |
$59,000 | $100,000 |
| Debt-To-Income Ratio |
5 | $173,000 |
$34,000 | $68,000 |
$55,000 | $98,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for CORTRUST BANK by:
Metropolitan Area And
County
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