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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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FIRST BANK OF BERNE
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST BANK OF BERNE |
| Address | 102 W MAIN STREET
BERNE, IN 46711 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 438 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $33,361,000 |
| Average Mortgage Loan Amount Applied For | $88,888 |
| Highest Mortgage Loan Amount Applied For | $550,000 |
| Average Applicant Income | $52,888 |
| Highest Applicant Income | $266,000 |
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| Home Improvement |
60 | $2,344,000 |
$39,000 | $188,000 |
$48,000 | $150,000 |
| Home Purchase |
293 | $24,783,000 |
$84,000 | $550,000 |
$46,000 | $266,000 |
| Refinancing |
132 | $9,482,000 |
$71,000 | $185,000 |
$44,000 | $120,000 |
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| American Indian or Alaskan Native |
2 | $90,000 |
$45,000 | $70,000 |
$19,000 | $25,000 |
| Asian |
1 | $50,000 |
$50,000 | $50,000 |
$37,000 | $37,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
7 | $425,000 |
$60,000 | $130,000 |
$43,000 | $77,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $129,000 |
$129,000 | $129,000 |
$45,000 | $45,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
474 | $35,915,000 |
$75,000 | $550,000 |
$46,000 | $266,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
485 | $36,609,000 |
$75,000 | $550,000 |
$46,000 | $266,000 |
| 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 |
22 | $2,145,000 |
$97,000 | $174,000 |
$47,000 | $108,000 |
| Application Denied By Financial Institution |
58 | $4,243,000 |
$73,000 | $170,000 |
$36,000 | $125,000 |
| Application Withdrawn By Applicant |
2 | $82,000 |
$41,000 | $69,000 |
$20,000 | $20,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
356 | $26,891,000 |
$75,000 | $550,000 |
$48,000 | $266,000 |
| 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 |
47 | $3,248,000 |
$69,000 | $200,000 |
$36,000 | $76,000 |
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| Collateral |
2 | $126,000 |
$63,000 | $70,000 |
$49,000 | $58,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
45 | $2,645,000 |
$58,000 | $118,000 |
$35,000 | $98,000 |
| Debt-To-Income Ratio |
44 | $3,657,000 |
$83,000 | $180,000 |
$33,000 | $68,000 |
| Employment History |
8 | $620,000 |
$77,000 | $200,000 |
$39,000 | $76,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
6 | $443,000 |
$73,000 | $170,000 |
$60,000 | $125,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FIRST BANK OF BERNE by:
Metropolitan Area And
County
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