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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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NORTHWEST BANK OF ROCKFORD
Mortgage Loans and Application Details
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| Mortgage Company Name |
NORTHWEST BANK OF ROCKFORD |
| Address | 1100 RALSTON ROAD
MACHESNEY PARK, IL 61115 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 558 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $59,581,000 |
| Average Mortgage Loan Amount Applied For | $148,700 |
| Highest Mortgage Loan Amount Applied For | $960,000 |
| Average Applicant Income | $90,500 |
| Highest Applicant Income | $528,000 |
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| Home Improvement |
31 | $765,000 |
$24,000 | $200,000 |
$55,000 | $117,000 |
| Home Purchase |
345 | $37,884,000 |
$109,000 | $395,000 |
$83,000 | $528,000 |
| Refinancing |
271 | $32,214,000 |
$118,000 | $960,000 |
$87,000 | $2,112,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
5 | $714,000 |
$142,000 | $334,000 |
$105,000 | $202,000 |
| Black or African American |
12 | $1,119,000 |
$93,000 | $183,000 |
$50,000 | $125,000 |
| Hispanic |
27 | $1,700,000 |
$62,000 | $356,000 |
$72,000 | $135,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
12 | $1,160,000 |
$96,000 | $220,000 |
$1,000 | $21,000 |
| Not Provided |
8 | $302,000 |
$37,000 | $124,000 |
$48,000 | $117,000 |
| White |
583 | $65,868,000 |
$112,000 | $960,000 |
$86,000 | $2,112,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
647 | $70,863,000 |
$109,000 | $960,000 |
$83,000 | $2,112,000 |
| 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 |
45 | $5,374,000 |
$119,000 | $417,000 |
$75,000 | $404,000 |
| Application Denied By Financial Institution |
58 | $6,381,000 |
$110,000 | $960,000 |
$73,000 | $344,000 |
| Application Withdrawn By Applicant |
1 | $110,000 |
$110,000 | $110,000 |
$81,000 | $81,000 |
| File Closed For Incompleteness |
2 | $175,000 |
$87,000 | $120,000 |
$24,000 | $30,000 |
| Loan Originated |
476 | $50,931,000 |
$106,000 | $605,000 |
$89,000 | $2,112,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
38 | $5,527,000 |
$145,000 | $334,000 |
$62,000 | $143,000 |
| Preapproval Denied by Financial Institution |
27 | $2,365,000 |
$87,000 | $180,000 |
$46,000 | $132,000 |
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| Collateral |
2 | $408,000 |
$204,000 | $295,000 |
$157,000 | $255,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
65 | $6,649,000 |
$102,000 | $960,000 |
$55,000 | $240,000 |
| Debt-To-Income Ratio |
10 | $578,000 |
$57,000 | $125,000 |
$108,000 | $344,000 |
| Employment History |
1 | $90,000 |
$90,000 | $90,000 |
$27,000 | $27,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $137,000 |
$137,000 | $137,000 |
$60,000 | $60,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
6 | $884,000 |
$147,000 | $248,000 |
$76,000 | $136,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for NORTHWEST BANK OF ROCKFORD by:
Metropolitan Area And
County
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