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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 MINNESOTA BANK, N.A.
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST MINNESOTA BANK, N.A. |
| Address | 24000 HWY 7 SUITE 125
SHOREWOOD, MN 55331 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2004 |
| All Data Years | 2003 2004 |
| Total Number of Mortgage Loan Applications Processed | 631 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $81,841,000 |
| Average Mortgage Loan Amount Applied For | $214,028 |
| Highest Mortgage Loan Amount Applied For | $2,043,000 |
| Average Applicant Income | $86,571 |
| Highest Applicant Income | $426,000 |
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| Home Improvement |
138 | $5,702,000 |
$41,000 | $360,000 |
$92,000 | $420,000 |
| Home Purchase |
210 | $31,453,000 |
$214,000 | $1,036,000 |
$75,500 | $261,000 |
| Refinancing |
298 | $46,685,000 |
$258,000 | $2,043,000 |
$65,000 | $426,000 |
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| American Indian or Alaskan Native |
1 | $40,000 |
$40,000 | $40,000 |
$75,000 | $75,000 |
| Asian |
4 | $280,000 |
$70,000 | $120,000 |
$31,000 | $64,000 |
| Black or African American |
3 | $476,000 |
$158,666 | $298,000 |
$107,000 | $220,000 |
| Hispanic |
16 | $769,000 |
$60,500 | $173,000 |
$57,000 | $382,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
24 | $5,202,000 |
$216,000 | $994,000 |
$7,000 | $139,000 |
| Not Provided |
17 | $3,251,000 |
$145,000 | $764,000 |
$60,000 | $382,000 |
| White |
581 | $73,822,000 |
$240,000 | $2,043,000 |
$67,625 | $426,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
606 | $77,294,000 |
$256,285 | $2,043,000 |
$59,000 | $426,000 |
| FHA-insured (Federal Housing Administration) |
16 | $2,457,000 |
$153,500 | $220,000 |
$49,000 | $85,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
19 | $3,357,000 |
$147,000 | $764,000 |
$54,000 | $382,000 |
| VA-guaranteed (Veterans Administration) |
5 | $732,000 |
$146,000 | $197,000 |
$67,500 | $84,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
56 | $3,666,000 |
$103,500 | $424,000 |
$47,500 | $220,000 |
| Application Withdrawn By Applicant |
47 | $8,271,000 |
$235,666 | $900,000 |
$64,000 | $420,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
543 | $71,903,000 |
$237,500 | $2,043,000 |
$65,500 | $426,000 |
| 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 |
4 | $544,000 |
$136,000 | $424,000 |
$104,000 | $220,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
19 | $1,066,000 |
$56,000 | $350,000 |
$54,000 | $160,000 |
| Debt-To-Income Ratio |
21 | $983,000 |
$46,000 | $168,000 |
$51,000 | $162,000 |
| Employment History |
1 | $28,000 |
$28,000 | $28,000 |
$24,000 | $24,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
4 | $301,000 |
$75,000 | $157,000 |
$45,000 | $74,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
6 | $601,000 |
$100,000 | $140,000 |
$27,000 | $58,000 |
| Unverifiable Information |
1 | $143,000 |
$143,000 | $143,000 |
$41,000 | $41,000 |
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Mortgage Loan App Totals for FIRST MINNESOTA BANK, N.A. by:
Metropolitan Area And
County
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