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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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MAIN STREET BANK & TRUST
Mortgage Loans and Application Details
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| Mortgage Company Name |
MAIN STREET BANK & TRUST |
| Address | 100 W UNIVERSITY AVE
CHAMPAIGN, IL 61820 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 977 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $106,419,000 |
| Average Mortgage Loan Amount Applied For | $154,948 |
| Highest Mortgage Loan Amount Applied For | $1,700,000 |
| Average Applicant Income | $129,435 |
| Highest Applicant Income | $1,676,000 |
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| Home Improvement |
107 | $6,670,000 |
$62,000 | $1,600,000 |
$64,000 | $275,000 |
| Home Purchase |
572 | $63,887,000 |
$111,000 | $1,700,000 |
$75,000 | $1,554,000 |
| Refinancing |
334 | $38,597,000 |
$115,000 | $685,000 |
$89,000 | $1,676,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
27 | $3,989,000 |
$147,000 | $600,000 |
$100,000 | $256,000 |
| Black or African American |
57 | $4,111,000 |
$72,000 | $520,000 |
$87,000 | $1,676,000 |
| Hispanic |
17 | $1,431,000 |
$84,000 | $268,000 |
$65,000 | $153,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $98,000 |
$49,000 | $53,000 |
$25,000 | $40,000 |
| Not applicable |
37 | $6,917,000 |
$186,000 | $1,700,000 |
$0 | $0 |
| Not Provided |
13 | $1,522,000 |
$117,000 | $975,000 |
$159,000 | $1,554,000 |
| White |
860 | $91,086,000 |
$105,000 | $1,600,000 |
$80,000 | $935,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
980 | $105,714,000 |
$107,000 | $1,700,000 |
$80,000 | $1,676,000 |
| FHA-insured (Federal Housing Administration) |
33 | $3,440,000 |
$104,000 | $166,000 |
$41,000 | $95,000 |
| 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 |
16 | $1,595,000 |
$99,000 | $417,000 |
$63,000 | $175,000 |
| Application Denied By Financial Institution |
109 | $7,301,000 |
$66,000 | $685,000 |
$42,000 | $249,000 |
| Application Withdrawn By Applicant |
77 | $9,541,000 |
$123,000 | $975,000 |
$107,000 | $1,554,000 |
| File Closed For Incompleteness |
3 | $65,000 |
$21,000 | $30,000 |
$60,000 | $127,000 |
| Loan Originated |
773 | $88,037,000 |
$113,000 | $1,700,000 |
$83,000 | $1,676,000 |
| 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 |
35 | $2,615,000 |
$74,000 | $256,000 |
$34,000 | $154,000 |
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| Collateral |
8 | $637,000 |
$79,000 | $185,000 |
$57,000 | $101,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
71 | $4,085,000 |
$57,000 | $256,000 |
$39,000 | $154,000 |
| Debt-To-Income Ratio |
51 | $4,386,000 |
$86,000 | $685,000 |
$32,000 | $231,000 |
| Employment History |
4 | $219,000 |
$54,000 | $64,000 |
$29,000 | $74,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $170,000 |
$56,000 | $67,000 |
$61,000 | $77,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
6 | $296,000 |
$49,000 | $90,000 |
$96,000 | $249,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for MAIN STREET BANK & TRUST by:
Metropolitan Area And
County
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