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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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NORTHERN TRUST BANK, NA
Mortgage Loans and Application Details
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| Mortgage Company Name |
NORTHERN TRUST BANK, NA |
| Address | 2398 E. CAMELBACK RD.
PHOENIX, AZ 85016 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2005 |
| All Data Years | 2003 2004 2005 |
| Total Number of Mortgage Loan Applications Processed | 471 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $225,734,000 |
| Average Mortgage Loan Amount Applied For | $549,689 |
| Highest Mortgage Loan Amount Applied For | $4,400,000 |
| Average Applicant Income | $504,103 |
| Highest Applicant Income | $6,168,000 |
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| Home Improvement |
7 | $4,091,000 |
$589,750 | $1,000,000 |
$214,250 | $499,000 |
| Home Purchase |
291 | $151,037,000 |
$547,000 | $4,400,000 |
$417,785 | $6,168,000 |
| Refinancing |
173 | $70,606,000 |
$529,333 | $2,165,000 |
$568,444 | $2,171,000 |
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| American Indian or Alaskan Native |
2 | $225,000 |
$112,000 | $133,000 |
$35,000 | $41,000 |
| Asian |
5 | $2,637,000 |
$648,000 | $850,000 |
$216,500 | $281,000 |
| Black or African American |
7 | $1,372,000 |
$200,500 | $428,000 |
$74,500 | $228,000 |
| Hispanic |
39 | $5,375,000 |
$137,000 | $640,000 |
$62,000 | $236,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
52 | $13,065,000 |
$406,333 | $3,600,000 |
$52,666 | $608,000 |
| Not Provided |
87 | $52,911,000 |
$549,750 | $4,400,000 |
$426,250 | $1,869,000 |
| White |
279 | $150,149,000 |
$470,941 | $2,900,000 |
$507,411 | $6,168,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
471 | $225,734,000 |
$474,105 | $4,400,000 |
$469,210 | $6,168,000 |
| 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 |
7 | $2,880,000 |
$395,333 | $1,200,000 |
$172,666 | $377,000 |
| Application Denied By Financial Institution |
17 | $5,470,000 |
$235,000 | $980,000 |
$54,500 | $294,000 |
| Application Withdrawn By Applicant |
44 | $21,866,000 |
$449,000 | $2,308,000 |
$578,200 | $1,508,000 |
| File Closed For Incompleteness |
6 | $3,057,000 |
$509,000 | $900,000 |
$86,000 | $264,000 |
| Loan Originated |
350 | $186,350,000 |
$507,500 | $4,400,000 |
$459,750 | $6,168,000 |
| Loan Purchased By The Institution |
47 | $6,111,000 |
$130,500 | $213,000 |
$64,000 | $210,000 |
| 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 |
3 | $229,000 |
$76,000 | $91,000 |
$32,000 | $48,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
3 | $423,000 |
$140,000 | $176,000 |
$34,500 | $56,000 |
| Debt-To-Income Ratio |
8 | $3,714,000 |
$464,000 | $980,000 |
$80,000 | $200,000 |
| 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 |
3 | $1,104,000 |
$368,000 | $764,000 |
$161,000 | $294,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for NORTHERN TRUST BANK, NA by:
Metropolitan Area And
County
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