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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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MERCHANTS BANK, NA
Mortgage Loans and Application Details
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| Mortgage Company Name |
MERCHANTS BANK, NA |
| Address | 1525 VERMILLION ST
HASTINGS, MN 55033 |
| 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 | 102 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $15,677,000 |
| Average Mortgage Loan Amount Applied For | $130,363 |
| Highest Mortgage Loan Amount Applied For | $417,000 |
| Average Applicant Income | $47,090 |
| Highest Applicant Income | $335,000 |
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| Home Improvement |
22 | $1,153,000 |
$52,000 | $254,000 |
$62,000 | $144,000 |
| Home Purchase |
59 | $10,634,000 |
$180,000 | $417,000 |
$58,000 | $335,000 |
| Refinancing |
26 | $4,761,000 |
$183,000 | $417,000 |
$76,000 | $124,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $326,000 |
$163,000 | $203,000 |
$46,000 | $60,000 |
| Black or African American |
2 | $184,000 |
$92,000 | $174,000 |
$64,000 | $69,000 |
| Hispanic |
2 | $110,000 |
$55,000 | $80,000 |
$75,000 | $85,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
7 | $1,110,000 |
$158,000 | $325,000 |
$0 | $0 |
| Not Provided |
8 | $1,388,000 |
$173,000 | $284,000 |
$55,000 | $99,000 |
| White |
86 | $13,430,000 |
$156,000 | $417,000 |
$69,000 | $335,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
107 | $16,548,000 |
$154,000 | $417,000 |
$63,000 | $335,000 |
| 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 |
5 | $1,352,000 |
$270,000 | $417,000 |
$99,000 | $136,000 |
| Application Denied By Financial Institution |
13 | $2,299,000 |
$176,000 | $284,000 |
$54,000 | $94,000 |
| Application Withdrawn By Applicant |
22 | $4,474,000 |
$203,000 | $400,000 |
$81,000 | $335,000 |
| File Closed For Incompleteness |
1 | $250,000 |
$250,000 | $250,000 |
$87,000 | $87,000 |
| Loan Originated |
66 | $8,173,000 |
$123,000 | $325,000 |
$56,000 | $144,000 |
| 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 | $190,000 |
$190,000 | $190,000 |
$50,000 | $50,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
9 | $1,805,000 |
$200,000 | $284,000 |
$57,000 | $94,000 |
| Debt-To-Income Ratio |
3 | $304,000 |
$101,000 | $160,000 |
$47,000 | $64,000 |
| 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 MERCHANTS BANK, NA by:
Metropolitan Area And
County
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