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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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LEGACY NATIONAL BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
LEGACY NATIONAL BANK |
| Address | 4055 WEST SUNSET
SPRINGDALE, AR 72762 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 74 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $10,744,000 |
| Average Mortgage Loan Amount Applied For | $101,166 |
| Highest Mortgage Loan Amount Applied For | $820,000 |
| Average Applicant Income | $192,500 |
| Highest Applicant Income | $845,000 |
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| Home Improvement |
11 | $410,000 |
$37,000 | $165,000 |
$69,000 | $169,000 |
| Home Purchase |
48 | $6,835,000 |
$142,000 | $500,000 |
$78,000 | $845,000 |
| Refinancing |
22 | $4,785,000 |
$217,000 | $820,000 |
$89,000 | $577,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $5,000 |
$5,000 | $5,000 |
$50,000 | $50,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
12 | $754,000 |
$62,000 | $201,000 |
$32,000 | $65,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $146,000 |
$146,000 | $146,000 |
$43,000 | $43,000 |
| Not applicable |
6 | $1,637,000 |
$272,000 | $517,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
61 | $9,488,000 |
$155,000 | $820,000 |
$98,000 | $845,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
71 | $10,859,000 |
$152,000 | $820,000 |
$83,000 | $845,000 |
| FHA-insured (Federal Housing Administration) |
7 | $775,000 |
$110,000 | $161,000 |
$52,000 | $132,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
3 | $396,000 |
$132,000 | $175,000 |
$58,000 | $62,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
19 | $3,079,000 |
$162,000 | $500,000 |
$62,000 | $285,000 |
| Application Withdrawn By Applicant |
19 | $2,824,000 |
$148,000 | $820,000 |
$73,000 | $577,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
43 | $6,127,000 |
$142,000 | $517,000 |
$90,000 | $845,000 |
| 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 |
2 | $757,000 |
$378,000 | $500,000 |
$142,000 | $285,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
11 | $1,133,000 |
$103,000 | $246,000 |
$55,000 | $132,000 |
| Debt-To-Income Ratio |
4 | $642,000 |
$160,000 | $221,000 |
$57,000 | $96,000 |
| Employment History |
1 | $417,000 |
$417,000 | $417,000 |
$31,000 | $31,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $130,000 |
$130,000 | $130,000 |
$35,000 | $35,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for LEGACY NATIONAL BANK by:
Metropolitan Area And
County
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