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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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MIDWEST BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
MIDWEST BANK |
| Address | 613 HWY 10 E
DETROIT LAKES, MN 56501 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 265 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $29,643,000 |
| Average Mortgage Loan Amount Applied For | $170,791 |
| Highest Mortgage Loan Amount Applied For | $450,000 |
| Average Applicant Income | $188,916 |
| Highest Applicant Income | $1,989,000 |
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| Home Improvement |
33 | $1,811,000 |
$54,000 | $308,000 |
$97,000 | $1,989,000 |
| Home Purchase |
139 | $16,564,000 |
$119,000 | $436,000 |
$73,000 | $817,000 |
| Refinancing |
93 | $11,268,000 |
$121,000 | $450,000 |
$66,000 | $259,000 |
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| American Indian or Alaskan Native |
9 | $763,000 |
$84,000 | $187,000 |
$47,000 | $91,000 |
| Asian |
2 | $409,000 |
$204,000 | $248,000 |
$62,000 | $90,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
1 | $32,000 |
$32,000 | $32,000 |
$55,000 | $55,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
12 | $1,377,000 |
$114,000 | $340,000 |
$0 | $0 |
| Not Provided |
1 | $140,000 |
$140,000 | $140,000 |
$118,000 | $118,000 |
| White |
240 | $26,922,000 |
$112,000 | $450,000 |
$78,000 | $1,989,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
265 | $29,643,000 |
$111,000 | $450,000 |
$73,000 | $1,989,000 |
| 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 |
16 | $1,825,000 |
$114,000 | $205,000 |
$53,000 | $118,000 |
| Application Denied By Financial Institution |
19 | $1,992,000 |
$104,000 | $300,000 |
$39,000 | $91,000 |
| Application Withdrawn By Applicant |
1 | $255,000 |
$255,000 | $255,000 |
$240,000 | $240,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
229 | $25,571,000 |
$111,000 | $450,000 |
$77,000 | $1,989,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 MIDWEST BANK by:
Metropolitan Area And
County
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