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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 HERITAGE BANK, FSB
Mortgage Loans and Application Details
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| Mortgage Company Name |
MIDWEST HERITAGE BANK, FSB |
| Address | 1025 BRADEN, P O BOX 331
CHARITON, IA 50049 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 485 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $34,542,000 |
| Average Mortgage Loan Amount Applied For | $85,945 |
| Highest Mortgage Loan Amount Applied For | $509,000 |
| Average Applicant Income | $84,162 |
| Highest Applicant Income | $576,000 |
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| Home Improvement |
151 | $3,364,000 |
$22,000 | $407,000 |
$68,000 | $576,000 |
| Home Purchase |
156 | $15,928,000 |
$102,000 | $509,000 |
$76,000 | $513,000 |
| Refinancing |
202 | $17,722,000 |
$87,000 | $417,000 |
$76,000 | $360,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $10,000 |
$5,000 | $5,000 |
$50,000 | $56,000 |
| Black or African American |
2 | $160,000 |
$80,000 | $80,000 |
$36,000 | $49,000 |
| Hispanic |
4 | $111,000 |
$27,000 | $83,000 |
$107,000 | $220,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
34 | $1,098,000 |
$32,000 | $120,000 |
$51,000 | $192,000 |
| White |
467 | $35,635,000 |
$76,000 | $509,000 |
$76,000 | $576,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
509 | $37,014,000 |
$72,000 | $509,000 |
$74,000 | $576,000 |
| 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 |
44 | $3,017,000 |
$68,000 | $509,000 |
$63,000 | $257,000 |
| Application Denied By Financial Institution |
79 | $5,828,000 |
$73,000 | $305,000 |
$52,000 | $339,000 |
| Application Withdrawn By Applicant |
14 | $792,000 |
$56,000 | $162,000 |
$52,000 | $84,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
355 | $25,609,000 |
$72,000 | $496,000 |
$83,000 | $576,000 |
| 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 |
17 | $1,768,000 |
$104,000 | $180,000 |
$42,000 | $104,000 |
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| Collateral |
4 | $161,000 |
$40,000 | $80,000 |
$63,000 | $84,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
61 | $4,704,000 |
$77,000 | $180,000 |
$46,000 | $339,000 |
| Debt-To-Income Ratio |
22 | $1,774,000 |
$80,000 | $260,000 |
$52,000 | $192,000 |
| 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 |
9 | $957,000 |
$106,000 | $305,000 |
$69,000 | $126,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for MIDWEST HERITAGE BANK, FSB by:
Metropolitan Area And
County
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