|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
MERCHANTS BANK NA
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
MERCHANTS BANK NA |
| Address | 316 MAIN ST
LA CRESCENT, MN 55947 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 79 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $5,218,000 |
| Average Mortgage Loan Amount Applied For | $92,250 |
| Highest Mortgage Loan Amount Applied For | $240,000 |
| Average Applicant Income | $54,500 |
| Highest Applicant Income | $204,000 |
|
|
|
| Home Improvement |
27 | $711,000 |
$26,000 | $60,000 |
$68,000 | $200,000 |
| Home Purchase |
40 | $3,713,000 |
$92,000 | $199,000 |
$42,000 | $150,000 |
| Refinancing |
40 | $2,681,000 |
$67,000 | $240,000 |
$64,000 | $204,000 |
|
|
| American Indian or Alaskan Native |
1 | $126,000 |
$126,000 | $126,000 |
$70,000 | $70,000 |
| Asian |
1 | $104,000 |
$104,000 | $104,000 |
$24,000 | $24,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
1 | $140,000 |
$140,000 | $140,000 |
$0 | $0 |
| Not Provided |
14 | $1,557,000 |
$111,000 | $240,000 |
$44,000 | $112,000 |
| White |
90 | $5,178,000 |
$57,000 | $228,000 |
$60,000 | $204,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
105 | $6,979,000 |
$66,000 | $240,000 |
$58,000 | $204,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
2 | $126,000 |
$63,000 | $74,000 |
$30,000 | $36,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
|
| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
4 | $318,000 |
$79,000 | $156,000 |
$32,000 | $45,000 |
| Application Withdrawn By Applicant |
10 | $980,000 |
$98,000 | $233,000 |
$58,000 | $112,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
93 | $5,807,000 |
$62,000 | $240,000 |
$58,000 | $204,000 |
| 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 |
|
|
| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $115,000 |
$115,000 | $115,000 |
$45,000 | $45,000 |
| Debt-To-Income Ratio |
3 | $203,000 |
$67,000 | $156,000 |
$28,000 | $35,000 |
| 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 |
|
Mortgage Loan App Totals for MERCHANTS BANK NA by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
