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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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MORTON COMMUNITY BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
MORTON COMMUNITY BANK |
| Address | 721 W JACKSON STREET
MORTON, IL 61550 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 920 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $97,543,000 |
| Average Mortgage Loan Amount Applied For | $82,550 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $81,925 |
| Highest Applicant Income | $1,130,000 |
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| Home Improvement |
187 | $3,006,000 |
$16,000 | $400,000 |
$55,000 | $211,000 |
| Home Purchase |
450 | $65,177,000 |
$144,000 | $1,000,000 |
$87,000 | $720,000 |
| Refinancing |
283 | $29,360,000 |
$103,000 | $796,000 |
$73,000 | $1,130,000 |
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| American Indian or Alaskan Native |
1 | $4,000 |
$4,000 | $4,000 |
$40,000 | $40,000 |
| Asian |
18 | $3,368,000 |
$187,000 | $378,000 |
$115,000 | $345,000 |
| Black or African American |
10 | $426,000 |
$42,000 | $111,000 |
$59,000 | $130,000 |
| Hispanic |
6 | $73,000 |
$12,000 | $41,000 |
$37,000 | $60,000 |
| Native Hawaiin or Other Pacific Islander |
5 | $1,451,000 |
$290,000 | $660,000 |
$71,000 | $146,000 |
| Not applicable |
2 | $174,000 |
$87,000 | $127,000 |
$59,000 | $82,000 |
| Not Provided |
4 | $168,000 |
$42,000 | $102,000 |
$54,000 | $76,000 |
| White |
874 | $91,879,000 |
$105,000 | $1,000,000 |
$76,000 | $1,130,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
920 | $97,543,000 |
$106,000 | $1,000,000 |
$76,000 | $1,130,000 |
| 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 |
$70,000 | $70,000 |
| Application Denied By Financial Institution |
93 | $2,417,000 |
$25,000 | $283,000 |
$43,000 | $138,000 |
| Application Withdrawn By Applicant |
41 | $1,957,000 |
$47,000 | $210,000 |
$68,000 | $400,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
785 | $93,064,000 |
$118,000 | $1,000,000 |
$81,000 | $1,130,000 |
| 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 | $665,000 |
$133,000 | $283,000 |
$83,000 | $131,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
63 | $1,119,000 |
$17,000 | $180,000 |
$41,000 | $138,000 |
| Debt-To-Income Ratio |
16 | $340,000 |
$21,000 | $167,000 |
$39,000 | $73,000 |
| Employment History |
6 | $69,000 |
$11,000 | $40,000 |
$40,000 | $72,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $108,000 |
$108,000 | $108,000 |
$37,000 | $37,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $5,000 |
$5,000 | $5,000 |
$24,000 | $24,000 |
| Unverifiable Information |
1 | $111,000 |
$111,000 | $111,000 |
$73,000 | $73,000 |
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Mortgage Loan App Totals for MORTON COMMUNITY BANK by:
Metropolitan Area And
County
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