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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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LAKE FEDERAL BANK, FSB
Mortgage Loans and Application Details
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| Mortgage Company Name |
LAKE FEDERAL BANK, FSB |
| Address | 7048 KENNEDY AVENUE
HAMMOND, IN 46323 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 108 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $12,212,000 |
| Average Mortgage Loan Amount Applied For | $110,500 |
| Highest Mortgage Loan Amount Applied For | $450,000 |
| Average Applicant Income | $83,666 |
| Highest Applicant Income | $198,000 |
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| Home Improvement |
5 | $231,000 |
$46,000 | $100,000 |
$70,000 | $108,000 |
| Home Purchase |
54 | $7,024,000 |
$130,000 | $450,000 |
$75,000 | $198,000 |
| Refinancing |
49 | $4,957,000 |
$101,000 | $350,000 |
$66,000 | $144,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
5 | $752,000 |
$150,000 | $216,000 |
$72,000 | $117,000 |
| Black or African American |
3 | $428,000 |
$142,000 | $218,000 |
$105,000 | $144,000 |
| Hispanic |
7 | $530,000 |
$75,000 | $152,000 |
$53,000 | $79,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
93 | $10,502,000 |
$112,000 | $450,000 |
$71,000 | $198,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
108 | $12,212,000 |
$113,000 | $450,000 |
$71,000 | $198,000 |
| 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 | $261,000 |
$130,000 | $183,000 |
$56,000 | $79,000 |
| Application Denied By Financial Institution |
3 | $595,000 |
$198,000 | $218,000 |
$71,000 | $98,000 |
| Application Withdrawn By Applicant |
6 | $590,000 |
$98,000 | $295,000 |
$48,000 | $95,000 |
| File Closed For Incompleteness |
1 | $80,000 |
$80,000 | $80,000 |
$87,000 | $87,000 |
| Loan Originated |
96 | $10,686,000 |
$111,000 | $450,000 |
$72,000 | $198,000 |
| 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 |
1 | $177,000 |
$177,000 | $177,000 |
$98,000 | $98,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $200,000 |
$200,000 | $200,000 |
$60,000 | $60,000 |
| Debt-To-Income Ratio |
1 | $218,000 |
$218,000 | $218,000 |
$56,000 | $56,000 |
| 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 LAKE FEDERAL BANK, FSB by:
Metropolitan Area And
County
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