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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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FREEDOM SECURITY BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
FREEDOM SECURITY BANK |
| Address | PO BOX 5880
CORALVILLE, IA 52241 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 214 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $23,964,000 |
| Average Mortgage Loan Amount Applied For | $96,764 |
| Highest Mortgage Loan Amount Applied For | $720,000 |
| Average Applicant Income | $79,647 |
| Highest Applicant Income | $360,000 |
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| Home Improvement |
6 | $182,000 |
$30,000 | $87,000 |
$72,000 | $97,000 |
| Home Purchase |
180 | $19,862,000 |
$110,000 | $720,000 |
$62,000 | $282,000 |
| Refinancing |
61 | $7,529,000 |
$123,000 | $468,000 |
$80,000 | $360,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
5 | $796,000 |
$159,000 | $330,000 |
$56,000 | $150,000 |
| Black or African American |
17 | $1,824,000 |
$107,000 | $248,000 |
$69,000 | $180,000 |
| Hispanic |
5 | $422,000 |
$84,000 | $230,000 |
$75,000 | $146,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
1 | $130,000 |
$130,000 | $130,000 |
$0 | $0 |
| Not Provided |
46 | $5,342,000 |
$116,000 | $468,000 |
$55,000 | $170,000 |
| White |
173 | $19,059,000 |
$110,000 | $720,000 |
$70,000 | $360,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
247 | $27,573,000 |
$111,000 | $720,000 |
$67,000 | $360,000 |
| 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 |
39 | $5,859,000 |
$150,000 | $720,000 |
$65,000 | $215,000 |
| Application Denied By Financial Institution |
34 | $3,588,000 |
$105,000 | $468,000 |
$44,000 | $170,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
165 | $17,036,000 |
$103,000 | $422,000 |
$73,000 | $360,000 |
| 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 |
9 | $1,090,000 |
$121,000 | $250,000 |
$42,000 | $90,000 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
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Mortgage Loan App Totals for FREEDOM SECURITY BANK by:
Metropolitan Area And
County
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