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| $5,279,183,286,000 in Mortgage Loans Applied for in 2007 from 26,605,695 Applications |
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MERCANTILE NATIONAL BANK OF IN
Mortgage Loans and Application Details
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| Mortgage Company Name |
MERCANTILE NATIONAL BANK OF IN |
| Address | 5243 HOHMAN AVENUE
HAMMOND, IN 46320 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2005 |
| Data Years (click a year for detail) | 2003 2004 2005 |
| Total Number of Mortgage Loan Applications Processed | 392 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $24,618,000 |
| Average Mortgage Loan Amount Applied For | $101,111 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $84,666 |
| Highest Applicant Income | $500,000 |
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| Home Improvement |
147 | $2,892,000 |
$16,500 | $94,000 |
$53,500 | $200,000 |
| Home Purchase |
75 | $8,334,000 |
$123,333 | $1,000,000 |
$54,333 | $373,000 |
| Refinancing |
171 | $13,512,000 |
$153,333 | $900,000 |
$43,333 | $500,000 |
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| American Indian or Alaskan Native |
1 | $25,000 |
$25,000 | $25,000 |
$30,000 | $30,000 |
| Asian |
5 | $895,000 |
$280,500 | $450,000 |
$190,500 | $500,000 |
| Black or African American |
77 | $2,268,000 |
$29,000 | $100,000 |
$42,000 | $159,000 |
| Hispanic |
71 | $2,988,000 |
$43,500 | $170,000 |
$53,000 | $150,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
21 | $4,700,000 |
$238,333 | $764,000 |
$0 | $0 |
| Not Provided |
10 | $1,113,000 |
$177,000 | $300,000 |
$57,000 | $134,000 |
| White |
208 | $12,749,000 |
$74,000 | $1,000,000 |
$56,333 | $373,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
393 | $24,738,000 |
$119,250 | $1,000,000 |
$39,000 | $500,000 |
| 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 |
30 | $2,492,000 |
$58,000 | $1,000,000 |
$66,500 | $373,000 |
| Application Denied By Financial Institution |
97 | $4,361,000 |
$42,500 | $900,000 |
$39,000 | $159,000 |
| Application Withdrawn By Applicant |
1 | $100,000 |
$100,000 | $100,000 |
$0 | $0 |
| File Closed For Incompleteness |
1 | $250,000 |
$250,000 | $250,000 |
$340,000 | $340,000 |
| Loan Originated |
263 | $17,415,000 |
$131,000 | $764,000 |
$39,333 | $500,000 |
| 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 |
1 | $120,000 |
$120,000 | $120,000 |
$31,000 | $31,000 |
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| Collateral |
4 | $86,000 |
$21,000 | $45,000 |
$42,000 | $60,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
48 | $1,426,000 |
$49,000 | $126,000 |
$44,500 | $159,000 |
| Debt-To-Income Ratio |
40 | $2,689,000 |
$69,333 | $900,000 |
$31,333 | $100,000 |
| Employment History |
1 | $20,000 |
$20,000 | $20,000 |
$90,000 | $90,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
4 | $255,000 |
$63,000 | $153,000 |
$37,000 | $57,000 |
| Unverifiable Information |
1 | $5,000 |
$5,000 | $5,000 |
$44,000 | $44,000 |
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Mortgage Loan App Totals for MERCANTILE NATIONAL BANK OF IN by:
Metropolitan Area And
County
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