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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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METABANK WEST CENTRAL
Mortgage Loans and Application Details
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| Mortgage Company Name |
METABANK WEST CENTRAL |
| Address | 615 S DIVISION ST, PO BOX 606
STUART, IA 50250 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 17 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $649,000 |
| Average Mortgage Loan Amount Applied For | $38,333 |
| Highest Mortgage Loan Amount Applied For | $145,000 |
| Average Applicant Income | $60,000 |
| Highest Applicant Income | $87,000 |
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| Home Improvement |
10 | $170,000 |
$17,000 | $42,000 |
$50,000 | $86,000 |
| Home Purchase |
3 | $256,000 |
$85,000 | $105,000 |
$20,000 | $33,000 |
| Refinancing |
6 | $374,000 |
$62,000 | $145,000 |
$53,000 | $87,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 | $145,000 |
$145,000 | $145,000 |
$13,000 | $13,000 |
| Not Provided |
1 | $10,000 |
$10,000 | $10,000 |
$36,000 | $36,000 |
| White |
17 | $645,000 |
$37,000 | $105,000 |
$49,000 | $87,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
19 | $800,000 |
$42,000 | $145,000 |
$46,000 | $87,000 |
| 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 | $105,000 |
$105,000 | $105,000 |
$33,000 | $33,000 |
| Application Denied By Financial Institution |
4 | $166,000 |
$41,000 | $145,000 |
$28,000 | $36,000 |
| Application Withdrawn By Applicant |
1 | $73,000 |
$73,000 | $73,000 |
$30,000 | $30,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
11 | $305,000 |
$27,000 | $47,000 |
$61,000 | $87,000 |
| 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 |
2 | $151,000 |
$75,000 | $80,000 |
$13,000 | $27,000 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $80,000 |
$80,000 | $80,000 |
$0 | $0 |
| Debt-To-Income Ratio |
5 | $237,000 |
$47,000 | $145,000 |
$27,000 | $36,000 |
| 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 METABANK WEST CENTRAL by:
Metropolitan Area And
County
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