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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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MT. MCKINLEY BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
MT. MCKINLEY BANK |
| Address | PO BOX 73880
FAIRBANKS, AK 99707 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 432 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $65,340,000 |
| Average Mortgage Loan Amount Applied For | $129,250 |
| Highest Mortgage Loan Amount Applied For | $473,000 |
| Average Applicant Income | $75,000 |
| Highest Applicant Income | $396,000 |
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| Home Improvement |
69 | $4,296,000 |
$62,000 | $286,000 |
$72,000 | $252,000 |
| Home Purchase |
314 | $54,916,000 |
$174,000 | $405,000 |
$83,000 | $279,000 |
| Refinancing |
75 | $10,290,000 |
$137,000 | $473,000 |
$89,000 | $396,000 |
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| American Indian or Alaskan Native |
10 | $618,000 |
$61,000 | $112,000 |
$33,000 | $73,000 |
| Asian |
6 | $1,122,000 |
$187,000 | $400,000 |
$131,000 | $230,000 |
| Black or African American |
3 | $775,000 |
$258,000 | $370,000 |
$85,000 | $98,000 |
| Hispanic |
15 | $2,243,000 |
$149,000 | $270,000 |
$68,000 | $156,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
4 | $515,000 |
$128,000 | $250,000 |
$0 | $0 |
| Not Provided |
80 | $13,902,000 |
$173,000 | $368,000 |
$89,000 | $396,000 |
| White |
340 | $50,327,000 |
$148,000 | $473,000 |
$83,000 | $300,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
417 | $60,307,000 |
$144,000 | $473,000 |
$82,000 | $396,000 |
| FHA-insured (Federal Housing Administration) |
2 | $269,000 |
$134,000 | $135,000 |
$53,000 | $67,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
39 | $8,926,000 |
$228,000 | $382,000 |
$85,000 | $204,000 |
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| Application Approved But Not Accepted |
2 | $185,000 |
$92,000 | $180,000 |
$72,000 | $92,000 |
| Application Denied By Financial Institution |
64 | $8,855,000 |
$138,000 | $473,000 |
$66,000 | $191,000 |
| Application Withdrawn By Applicant |
46 | $7,548,000 |
$164,000 | $316,000 |
$93,000 | $396,000 |
| File Closed For Incompleteness |
2 | $463,000 |
$231,000 | $278,000 |
$67,000 | $81,000 |
| Loan Originated |
344 | $52,451,000 |
$152,000 | $405,000 |
$84,000 | $300,000 |
| 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 |
7 | $926,000 |
$132,000 | $260,000 |
$48,000 | $97,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
36 | $4,238,000 |
$117,000 | $250,000 |
$70,000 | $126,000 |
| Debt-To-Income Ratio |
12 | $1,796,000 |
$149,000 | $300,000 |
$47,000 | $101,000 |
| Employment History |
1 | $400,000 |
$400,000 | $400,000 |
$31,000 | $31,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $150,000 |
$150,000 | $150,000 |
$101,000 | $101,000 |
| Mortgage Insurance Denied |
1 | $473,000 |
$473,000 | $473,000 |
$160,000 | $160,000 |
| Other |
3 | $538,000 |
$179,000 | $268,000 |
$70,000 | $113,000 |
| Unverifiable Information |
3 | $334,000 |
$111,000 | $144,000 |
$104,000 | $191,000 |
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Mortgage Loan App Totals for MT. MCKINLEY BANK by:
Metropolitan Area And
County
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