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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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MALVERN NATIONAL BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
MALVERN NATIONAL BANK |
| Address | ONE MONEY PLACE
MALVERN, AR 72104 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 222 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $14,940,000 |
| Average Mortgage Loan Amount Applied For | $84,900 |
| Highest Mortgage Loan Amount Applied For | $1,600,000 |
| Average Applicant Income | $92,900 |
| Highest Applicant Income | $536,000 |
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| Home Improvement |
80 | $1,502,000 |
$18,000 | $105,000 |
$45,000 | $165,000 |
| Home Purchase |
103 | $10,420,000 |
$101,000 | $1,600,000 |
$65,000 | $536,000 |
| Refinancing |
39 | $3,018,000 |
$77,000 | $750,000 |
$60,000 | $250,000 |
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| American Indian or Alaskan Native |
1 | $37,000 |
$37,000 | $37,000 |
$7,000 | $7,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
15 | $292,000 |
$19,000 | $62,000 |
$41,000 | $78,000 |
| Hispanic |
4 | $637,000 |
$159,000 | $339,000 |
$52,000 | $72,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
30 | $3,346,000 |
$111,000 | $1,600,000 |
$0 | $0 |
| Not Provided |
1 | $2,000 |
$2,000 | $2,000 |
$41,000 | $41,000 |
| White |
171 | $10,626,000 |
$62,000 | $1,100,000 |
$69,000 | $536,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
222 | $14,940,000 |
$67,000 | $1,600,000 |
$57,000 | $536,000 |
| 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 |
7 | $362,000 |
$51,000 | $150,000 |
$49,000 | $102,000 |
| Application Denied By Financial Institution |
31 | $1,042,000 |
$33,000 | $170,000 |
$40,000 | $116,000 |
| Application Withdrawn By Applicant |
8 | $904,000 |
$113,000 | $452,000 |
$77,000 | $139,000 |
| File Closed For Incompleteness |
1 | $44,000 |
$44,000 | $44,000 |
$54,000 | $54,000 |
| Loan Originated |
175 | $12,588,000 |
$71,000 | $1,600,000 |
$59,000 | $536,000 |
| 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 | $50,000 |
$50,000 | $50,000 |
$91,000 | $91,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
16 | $354,000 |
$22,000 | $62,000 |
$39,000 | $78,000 |
| Debt-To-Income Ratio |
9 | $391,000 |
$43,000 | $161,000 |
$41,000 | $116,000 |
| Employment History |
2 | $8,000 |
$4,000 | $5,000 |
$20,000 | $26,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
3 | $239,000 |
$79,000 | $170,000 |
$37,000 | $79,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for MALVERN NATIONAL BANK by:
Metropolitan Area And
County
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