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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 NATIONAL BANK OF AMERICA
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST NATIONAL BANK OF AMERICA |
| Address | 241 EAST SAGINAW
EAST LANSING, MI 48823 |
| 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 | 4,053 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $197,945,000 |
| Average Mortgage Loan Amount Applied For | $49,640 |
| Highest Mortgage Loan Amount Applied For | $1,260,000 |
| Average Applicant Income | $39,011 |
| Highest Applicant Income | $7,267,000 |
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| Home Improvement |
2,137 | $79,192,000 |
$37,000 | $500,000 |
$33,000 | $538,000 |
| Home Purchase |
377 | $23,314,000 |
$61,000 | $1,260,000 |
$48,000 | $310,000 |
| Refinancing |
1,539 | $95,439,000 |
$62,000 | $500,000 |
$46,000 | $7,267,000 |
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| American Indian or Alaskan Native |
166 | $6,848,000 |
$41,000 | $360,000 |
$34,000 | $157,000 |
| Asian |
10 | $623,000 |
$62,000 | $196,000 |
$49,000 | $180,000 |
| Black or African American |
441 | $15,770,000 |
$35,000 | $195,000 |
$33,000 | $181,000 |
| Hispanic |
136 | $7,220,000 |
$53,000 | $214,000 |
$39,000 | $114,000 |
| Native Hawaiin or Other Pacific Islander |
6 | $538,000 |
$89,000 | $191,000 |
$35,000 | $54,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
633 | $29,183,000 |
$46,000 | $300,000 |
$39,000 | $538,000 |
| White |
2,661 | $137,763,000 |
$51,000 | $1,260,000 |
$40,000 | $7,267,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
4,053 | $197,945,000 |
$48,000 | $1,260,000 |
$39,000 | $7,267,000 |
| 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 |
436 | $12,029,000 |
$27,000 | $245,000 |
$30,000 | $183,000 |
| Application Denied By Financial Institution |
2,469 | $138,483,000 |
$56,000 | $1,260,000 |
$42,000 | $7,267,000 |
| Application Withdrawn By Applicant |
16 | $1,320,000 |
$82,000 | $455,000 |
$23,000 | $108,000 |
| File Closed For Incompleteness |
7 | $404,000 |
$57,000 | $205,000 |
$35,000 | $83,000 |
| Loan Originated |
1,125 | $45,709,000 |
$40,000 | $385,000 |
$38,000 | $538,000 |
| 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 |
485 | $27,881,000 |
$57,000 | $1,260,000 |
$45,000 | $251,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1,322 | $72,950,000 |
$55,000 | $500,000 |
$45,000 | $7,267,000 |
| Debt-To-Income Ratio |
456 | $26,791,000 |
$58,000 | $500,000 |
$29,000 | $230,000 |
| Employment History |
14 | $562,000 |
$40,000 | $98,000 |
$25,000 | $45,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
5 | $251,000 |
$50,000 | $131,000 |
$28,000 | $72,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
149 | $6,907,000 |
$46,000 | $160,000 |
$39,000 | $251,000 |
| Unverifiable Information |
38 | $3,141,000 |
$82,000 | $439,000 |
$61,000 | $264,000 |
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Mortgage Loan App Totals for FIRST NATIONAL BANK OF AMERICA by:
Metropolitan Area And
County
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