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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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MOUNTAIN NATIONAL BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
MOUNTAIN NATIONAL BANK |
| Address | P O BOX 3748
MARTINSVILLE, VA 24115 |
| 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 | 88 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $3,927,000 |
| Average Mortgage Loan Amount Applied For | $29,125 |
| Highest Mortgage Loan Amount Applied For | $213,000 |
| Average Applicant Income | $37,875 |
| Highest Applicant Income | $162,000 |
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| Home Improvement |
42 | $604,000 |
$14,000 | $97,000 |
$37,000 | $115,000 |
| Home Purchase |
16 | $987,000 |
$61,000 | $181,000 |
$46,000 | $137,000 |
| Refinancing |
30 | $2,336,000 |
$77,000 | $213,000 |
$60,000 | $162,000 |
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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 |
2 | $60,000 |
$30,000 | $32,000 |
$44,000 | $56,000 |
| Hispanic |
4 | $55,000 |
$13,000 | $43,000 |
$40,000 | $80,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
82 | $3,812,000 |
$46,000 | $213,000 |
$47,000 | $162,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
88 | $3,927,000 |
$44,000 | $213,000 |
$46,000 | $162,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
6 | $325,000 |
$54,000 | $101,000 |
$31,000 | $75,000 |
| Application Withdrawn By Applicant |
4 | $223,000 |
$55,000 | $123,000 |
$39,000 | $57,000 |
| File Closed For Incompleteness |
1 | $68,000 |
$68,000 | $68,000 |
$45,000 | $45,000 |
| Loan Originated |
77 | $3,311,000 |
$43,000 | $213,000 |
$48,000 | $162,000 |
| 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 |
1 | $38,000 |
$38,000 | $38,000 |
$75,000 | $75,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $67,000 |
$33,000 | $37,000 |
$25,000 | $42,000 |
| Debt-To-Income Ratio |
2 | $188,000 |
$94,000 | $101,000 |
$22,000 | $27,000 |
| 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 |
1 | $32,000 |
$32,000 | $32,000 |
$17,000 | $17,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for MOUNTAIN NATIONAL BANK by:
Metropolitan Area And
County
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