| $3,446,236,491 in Mortgage Loans Applied for in 2008 from 17,391,570 Applications |
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FARMERS & MERCHANTS NATIONAL
Mortgage Loans and Application Details
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| Mortgage Company Name |
FARMERS & MERCHANTS NATIONAL |
| Address | 120 W. ST. LOUIS ST. P.O. BOX 309
NASHVILLE, IL 62263 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2008 |
| Data Years (click a year for detail) | 2007 2008 |
| Total Number of Mortgage Loan Applications Processed | 159 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $13,438,000 |
| Average Mortgage Loan Amount Applied For | $86,416 |
| Highest Mortgage Loan Amount Applied For | $580,000 |
| Average Applicant Income | $70,083 |
| Highest Applicant Income | $601,000 |
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| Home Improvement |
36 | $1,140,000 |
$31,000 | $161,000 |
$75,000 | $430,000 |
| Home Purchase |
51 | $3,100,000 |
$60,000 | $250,000 |
$74,000 | $430,000 |
| Refinancing |
73 | $9,278,000 |
$127,000 | $580,000 |
$83,000 | $601,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $500,000 |
$500,000 | $500,000 |
$601,000 | $601,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
2 | $161,000 |
$80,000 | $135,000 |
$95,000 | $97,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
1 | $74,000 |
$74,000 | $74,000 |
$7,000 | $7,000 |
| Not Provided |
2 | $285,000 |
$142,000 | $250,000 |
$57,000 | $82,000 |
| White |
154 | $12,498,000 |
$81,000 | $580,000 |
$75,000 | $440,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
157 | $13,302,000 |
$84,000 | $580,000 |
$79,000 | $601,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
3 | $216,000 |
$72,000 | $80,000 |
$41,000 | $47,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
5 | $872,000 |
$174,000 | $500,000 |
$150,000 | $601,000 |
| Application Denied By Financial Institution |
31 | $2,094,000 |
$67,000 | $250,000 |
$52,000 | $220,000 |
| Application Withdrawn By Applicant |
2 | $302,000 |
$151,000 | $157,000 |
$64,000 | $93,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
122 | $10,250,000 |
$84,000 | $580,000 |
$82,000 | $440,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
16 | $676,000 |
$42,000 | $130,000 |
$42,000 | $220,000 |
| Debt-To-Income Ratio |
14 | $1,383,000 |
$98,000 | $250,000 |
$65,000 | $175,000 |
| 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 | $35,000 |
$35,000 | $35,000 |
$32,000 | $32,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan Application Totals for FARMERS & MERCHANTS NATIONAL by:
Metropolitan Area And
County
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