|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
FIRST FARMERS & MERCHANTS NAT
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
FIRST FARMERS & MERCHANTS NAT |
| Address | P.O. BOX 411
FAIRMONT, MN 56031 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 53 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $4,526,000 |
| Average Mortgage Loan Amount Applied For | $176,000 |
| Highest Mortgage Loan Amount Applied For | $400,000 |
| Average Applicant Income | $147,285 |
| Highest Applicant Income | $600,000 |
|
|
|
| Home Improvement |
7 | $317,000 |
$45,000 | $150,000 |
$57,000 | $93,000 |
| Home Purchase |
24 | $2,216,000 |
$92,000 | $300,000 |
$54,000 | $196,000 |
| Refinancing |
22 | $1,993,000 |
$90,000 | $400,000 |
$101,000 | $600,000 |
|
|
| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
2 | $222,000 |
$111,000 | $182,000 |
$33,000 | $48,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
51 | $4,304,000 |
$84,000 | $400,000 |
$75,000 | $600,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
49 | $4,229,000 |
$86,000 | $400,000 |
$77,000 | $600,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
4 | $297,000 |
$74,000 | $107,000 |
$32,000 | $37,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
|
| Application Approved But Not Accepted |
1 | $300,000 |
$300,000 | $300,000 |
$174,000 | $174,000 |
| Application Denied By Financial Institution |
6 | $447,000 |
$74,000 | $208,000 |
$26,000 | $36,000 |
| Application Withdrawn By Applicant |
3 | $258,000 |
$86,000 | $102,000 |
$43,000 | $55,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
43 | $3,521,000 |
$81,000 | $400,000 |
$80,000 | $600,000 |
| 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 |
|
|
| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
5 | $239,000 |
$47,000 | $76,000 |
$25,000 | $34,000 |
| Debt-To-Income Ratio |
1 | $208,000 |
$208,000 | $208,000 |
$36,000 | $36,000 |
| 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 |
|
Mortgage Loan App Totals for FIRST FARMERS & MERCHANTS NAT by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
