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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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FRANCES SLOCUM BANK & TRUST NA
Mortgage Loans and Application Details
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| Mortgage Company Name |
FRANCES SLOCUM BANK & TRUST NA |
| Address | 1250 NORTH CASS STREET P O BOX 588
WABASH, IN 46992 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 259 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $14,719,000 |
| Average Mortgage Loan Amount Applied For | $62,444 |
| Highest Mortgage Loan Amount Applied For | $400,000 |
| Average Applicant Income | $57,222 |
| Highest Applicant Income | $465,000 |
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| Home Improvement |
39 | $911,000 |
$23,000 | $150,000 |
$69,000 | $465,000 |
| Home Purchase |
83 | $5,896,000 |
$71,000 | $215,000 |
$57,000 | $240,000 |
| Refinancing |
153 | $9,265,000 |
$60,000 | $400,000 |
$54,000 | $180,000 |
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| American Indian or Alaskan Native |
1 | $88,000 |
$88,000 | $88,000 |
$38,000 | $38,000 |
| Asian |
1 | $19,000 |
$19,000 | $19,000 |
$70,000 | $70,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
3 | $191,000 |
$63,000 | $130,000 |
$78,000 | $95,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $33,000 |
$33,000 | $33,000 |
$36,000 | $36,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
25 | $2,541,000 |
$101,000 | $400,000 |
$49,000 | $180,000 |
| White |
244 | $13,200,000 |
$54,000 | $236,000 |
$58,000 | $465,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
275 | $16,072,000 |
$58,000 | $400,000 |
$57,000 | $465,000 |
| 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 |
2 | $244,000 |
$122,000 | $200,000 |
$42,000 | $55,000 |
| Application Denied By Financial Institution |
40 | $3,362,000 |
$84,000 | $236,000 |
$44,000 | $143,000 |
| Application Withdrawn By Applicant |
27 | $2,347,000 |
$86,000 | $193,000 |
$59,000 | $240,000 |
| File Closed For Incompleteness |
4 | $455,000 |
$113,000 | $132,000 |
$42,000 | $55,000 |
| Loan Originated |
201 | $9,604,000 |
$47,000 | $400,000 |
$60,000 | $465,000 |
| 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 |
1 | $60,000 |
$60,000 | $60,000 |
$25,000 | $25,000 |
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| Collateral |
8 | $591,000 |
$73,000 | $159,000 |
$50,000 | $99,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
25 | $2,014,000 |
$80,000 | $150,000 |
$44,000 | $143,000 |
| Debt-To-Income Ratio |
6 | $666,000 |
$111,000 | $236,000 |
$37,000 | $127,000 |
| Employment History |
1 | $60,000 |
$60,000 | $60,000 |
$25,000 | $25,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $91,000 |
$91,000 | $91,000 |
$26,000 | $26,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FRANCES SLOCUM BANK & TRUST NA by:
Metropolitan Area And
County
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