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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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FORTRESS BANK OF WESTBY
Mortgage Loans and Application Details
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| Mortgage Company Name |
FORTRESS BANK OF WESTBY |
| Address | 100 N MAIN ST, P.O. BOX 100
WESTBY, WI 54667 |
| Agency | Federal Reserve System (FRS) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 741 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $67,687,000 |
| Average Mortgage Loan Amount Applied For | $118,405 |
| Highest Mortgage Loan Amount Applied For | $323,000 |
| Average Applicant Income | $87,972 |
| Highest Applicant Income | $960,000 |
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| Home Improvement (one-to-four family) |
49 | $1,315,000 |
$47,500 | $163,000 |
$69,500 | $150,000 |
| Home Purchase (one-to-four family) |
110 | $10,472,000 |
$139,400 | $323,000 |
$117,800 | $350,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
582 | $55,900,000 |
$107,571 | $323,000 |
$86,428 | $960,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian or Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black |
2 | $266,000 |
$133,000 | $134,000 |
$70,000 | $73,000 |
| Hispanic |
1 | $60,000 |
$60,000 | $60,000 |
$76,000 | $76,000 |
| Information not provided by applicant in mail or telephone application |
1 | $61,000 |
$61,000 | $61,000 |
$92,000 | $92,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
737 | $67,300,000 |
$118,888 | $323,000 |
$109,333 | $960,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
715 | $65,616,000 |
$119,111 | $323,000 |
$111,444 | $960,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
23 | $1,781,000 |
$77,666 | $157,000 |
$38,333 | $73,000 |
| VA-guaranteed (Veterans Administration) |
3 | $290,000 |
$80,000 | $151,000 |
$50,500 | $80,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
11 | $865,000 |
$80,666 | $117,000 |
$55,666 | $82,000 |
| Application Withdrawn By Applicant |
7 | $710,000 |
$85,000 | $153,000 |
$48,500 | $128,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
723 | $66,112,000 |
$118,888 | $323,000 |
$110,555 | $960,000 |
| Loan Purchased By The 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 |
9 | $705,000 |
$80,666 | $117,000 |
$60,000 | $82,000 |
| Debt-To-Income Ratio |
1 | $98,000 |
$98,000 | $98,000 |
$31,000 | $31,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $62,000 |
$62,000 | $62,000 |
$8,000 | $8,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FORTRESS BANK OF WESTBY by:
Metropolitan Area And
County
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