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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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NBT BANK, NA
Mortgage Loans and Application Details
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| Mortgage Company Name |
NBT BANK, NA |
| Address | 52 S. BROAD STREET
NORWICH, NY 13815 |
| 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 | 4,372 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $287,431,000 |
| Average Mortgage Loan Amount Applied For | $63,420 |
| Highest Mortgage Loan Amount Applied For | $1,350,000 |
| Average Applicant Income | $61,376 |
| Highest Applicant Income | $998,000 |
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| Home Improvement |
775 | $22,087,000 |
$28,000 | $559,000 |
$47,000 | $784,000 |
| Home Purchase |
1,477 | $137,875,000 |
$93,000 | $1,350,000 |
$61,000 | $1,280,000 |
| Refinancing |
2,547 | $165,920,000 |
$65,000 | $1,000,000 |
$58,000 | $982,000 |
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| American Indian or Alaskan Native |
11 | $1,053,000 |
$95,000 | $248,000 |
$91,000 | $336,000 |
| Asian |
13 | $1,438,000 |
$110,000 | $226,000 |
$62,000 | $143,000 |
| Black or African American |
21 | $2,377,000 |
$113,000 | $800,000 |
$64,000 | $245,000 |
| Hispanic |
47 | $3,188,000 |
$67,000 | $214,000 |
$58,000 | $160,000 |
| Native Hawaiin or Other Pacific Islander |
3 | $213,000 |
$71,000 | $123,000 |
$80,000 | $113,000 |
| Not applicable |
30 | $7,308,000 |
$243,000 | $1,350,000 |
$91,000 | $500,000 |
| Not Provided |
143 | $16,751,000 |
$117,000 | $551,000 |
$67,000 | $405,000 |
| White |
4,531 | $293,554,000 |
$64,000 | $1,275,000 |
$56,000 | $1,280,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
4,796 | $325,698,000 |
$67,000 | $1,350,000 |
$57,000 | $1,280,000 |
| FHA-insured (Federal Housing Administration) |
3 | $184,000 |
$61,000 | $135,000 |
$59,000 | $113,000 |
| 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 |
229 | $14,858,000 |
$64,000 | $344,000 |
$64,000 | $711,000 |
| Application Denied By Financial Institution |
622 | $43,898,000 |
$70,000 | $1,000,000 |
$47,000 | $650,000 |
| Application Withdrawn By Applicant |
24 | $3,048,000 |
$127,000 | $400,000 |
$59,000 | $168,000 |
| File Closed For Incompleteness |
6 | $1,270,000 |
$211,000 | $551,000 |
$108,000 | $324,000 |
| Loan Originated |
3,482 | $222,717,000 |
$63,000 | $1,350,000 |
$59,000 | $998,000 |
| Loan Purchased By The Institution |
9 | $1,640,000 |
$182,000 | $559,000 |
$86,000 | $155,000 |
| Preapproval Approved but not Accepted |
15 | $2,190,000 |
$146,000 | $456,000 |
$187,000 | $1,280,000 |
| Preapproval Denied by Financial Institution |
412 | $36,261,000 |
$88,000 | $640,000 |
$42,000 | $820,000 |
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| Collateral |
112 | $8,751,000 |
$78,000 | $535,000 |
$63,000 | $650,000 |
| Credit Application Incomplete |
35 | $3,907,000 |
$111,000 | $498,000 |
$57,000 | $405,000 |
| Credit History |
322 | $19,183,000 |
$59,000 | $293,000 |
$43,000 | $372,000 |
| Debt-To-Income Ratio |
437 | $39,071,000 |
$89,000 | $1,000,000 |
$40,000 | $477,000 |
| Employment History |
25 | $1,209,000 |
$48,000 | $185,000 |
$40,000 | $90,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
50 | $4,724,000 |
$94,000 | $640,000 |
$67,000 | $820,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
44 | $2,478,000 |
$56,000 | $152,000 |
$51,000 | $148,000 |
| Unverifiable Information |
9 | $836,000 |
$92,000 | $208,000 |
$37,000 | $65,000 |
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Mortgage Loan App Totals for NBT BANK, NA by:
Metropolitan Area And
County
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