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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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NATIONAL BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
NATIONAL BANK |
| Address | 100 SOUTH MAIN ST
BLACKSBURG, VA 24060 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 666 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $52,462,000 |
| Average Mortgage Loan Amount Applied For | $99,115 |
| Highest Mortgage Loan Amount Applied For | $1,200,000 |
| Average Applicant Income | $67,730 |
| Highest Applicant Income | $773,000 |
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| Home Improvement |
245 | $4,706,000 |
$19,000 | $547,000 |
$46,000 | $406,000 |
| Home Purchase |
245 | $28,330,000 |
$115,000 | $1,200,000 |
$70,000 | $773,000 |
| Refinancing |
180 | $19,807,000 |
$110,000 | $885,000 |
$61,000 | $267,000 |
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| American Indian or Alaskan Native |
1 | $186,000 |
$186,000 | $186,000 |
$76,000 | $76,000 |
| Asian |
2 | $1,285,000 |
$642,000 | $1,200,000 |
$494,000 | $773,000 |
| Black or African American |
10 | $370,000 |
$37,000 | $205,000 |
$40,000 | $180,000 |
| Hispanic |
3 | $414,000 |
$138,000 | $319,000 |
$75,000 | $176,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $3,000 |
$3,000 | $3,000 |
$29,000 | $29,000 |
| Not applicable |
22 | $3,453,000 |
$156,000 | $885,000 |
$16,000 | $253,000 |
| Not Provided |
13 | $1,359,000 |
$104,000 | $322,000 |
$67,000 | $238,000 |
| White |
618 | $45,773,000 |
$74,000 | $636,000 |
$59,000 | $406,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
666 | $52,474,000 |
$78,000 | $1,200,000 |
$59,000 | $773,000 |
| FHA-insured (Federal Housing Administration) |
2 | $259,000 |
$129,000 | $142,000 |
$38,000 | $39,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
2 | $110,000 |
$55,000 | $59,000 |
$55,000 | $75,000 |
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| Application Approved But Not Accepted |
1 | $20,000 |
$20,000 | $20,000 |
$149,000 | $149,000 |
| Application Denied By Financial Institution |
69 | $3,020,000 |
$43,000 | $500,000 |
$35,000 | $120,000 |
| Application Withdrawn By Applicant |
42 | $4,108,000 |
$97,000 | $417,000 |
$62,000 | $212,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
557 | $45,694,000 |
$82,000 | $1,200,000 |
$62,000 | $773,000 |
| 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 |
1 | $1,000 |
$1,000 | $1,000 |
$23,000 | $23,000 |
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| Collateral |
3 | $44,000 |
$14,000 | $20,000 |
$26,000 | $36,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
47 | $1,713,000 |
$36,000 | $180,000 |
$35,000 | $108,000 |
| Debt-To-Income Ratio |
15 | $1,074,000 |
$71,000 | $500,000 |
$39,000 | $120,000 |
| Employment History |
2 | $37,000 |
$18,000 | $20,000 |
$43,000 | $78,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $1,000 |
$1,000 | $1,000 |
$23,000 | $23,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $152,000 |
$76,000 | $100,000 |
$20,000 | $32,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for NATIONAL BANK by:
Metropolitan Area And
County
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