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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 NATIONAL BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
MERCHANTS NATIONAL BANK |
| Address | 25 BROADWAY
BANGOR, PA 18013 |
| 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 | 360 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $35,604,000 |
| Average Mortgage Loan Amount Applied For | $124,833 |
| Highest Mortgage Loan Amount Applied For | $484,000 |
| Average Applicant Income | $77,666 |
| Highest Applicant Income | $1,269,000 |
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| Home Improvement |
105 | $4,698,000 |
$44,000 | $300,000 |
$65,000 | $333,000 |
| Home Purchase |
79 | $12,100,000 |
$153,000 | $470,000 |
$99,000 | $1,269,000 |
| Refinancing |
177 | $18,956,000 |
$107,000 | $484,000 |
$76,000 | $822,000 |
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| American Indian or Alaskan Native |
1 | $93,000 |
$93,000 | $93,000 |
$86,000 | $86,000 |
| Asian |
1 | $90,000 |
$90,000 | $90,000 |
$0 | $0 |
| Black or African American |
1 | $148,000 |
$148,000 | $148,000 |
$0 | $0 |
| Hispanic |
4 | $356,000 |
$89,000 | $155,000 |
$45,000 | $109,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
6 | $624,000 |
$104,000 | $168,000 |
$157,000 | $449,000 |
| Not Provided |
13 | $1,587,000 |
$122,000 | $440,000 |
$55,000 | $242,000 |
| White |
335 | $32,856,000 |
$98,000 | $484,000 |
$78,000 | $1,269,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
361 | $35,754,000 |
$99,000 | $484,000 |
$78,000 | $1,269,000 |
| 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 |
1 | $75,000 |
$75,000 | $75,000 |
$27,000 | $27,000 |
| Application Denied By Financial Institution |
38 | $4,171,000 |
$109,000 | $470,000 |
$51,000 | $234,000 |
| Application Withdrawn By Applicant |
35 | $5,166,000 |
$147,000 | $302,000 |
$101,000 | $822,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
287 | $26,342,000 |
$91,000 | $484,000 |
$79,000 | $1,269,000 |
| 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 |
5 | $176,000 |
$35,000 | $60,000 |
$93,000 | $234,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
15 | $1,428,000 |
$95,000 | $279,000 |
$29,000 | $84,000 |
| Debt-To-Income Ratio |
14 | $1,494,000 |
$106,000 | $355,000 |
$57,000 | $213,000 |
| Employment History |
1 | $93,000 |
$93,000 | $93,000 |
$86,000 | $86,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
1 | $270,000 |
$270,000 | $270,000 |
$79,000 | $79,000 |
| Other |
1 | $470,000 |
$470,000 | $470,000 |
$6,000 | $6,000 |
| Unverifiable Information |
1 | $240,000 |
$240,000 | $240,000 |
$62,000 | $62,000 |
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Mortgage Loan App Totals for MERCHANTS NATIONAL BANK by:
Metropolitan Area And
County
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