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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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OCEAN NATIONAL BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
OCEAN NATIONAL BANK |
| Address | 325 STATE STREET
PORTSMOUTH, ME 03801 |
| 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 | 243 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $45,896,000 |
| Average Mortgage Loan Amount Applied For | $237,052 |
| Highest Mortgage Loan Amount Applied For | $5,280,000 |
| Average Applicant Income | $36,263 |
| Highest Applicant Income | $1,696,000 |
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| Home Improvement |
91 | $5,160,000 |
$56,000 | $315,000 |
$105,000 | $1,354,000 |
| Home Purchase |
61 | $17,482,000 |
$286,000 | $1,349,000 |
$19,000 | $190,000 |
| Refinancing |
91 | $23,254,000 |
$255,000 | $5,280,000 |
$59,000 | $1,696,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
1 | $30,000 |
$30,000 | $30,000 |
$59,000 | $59,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
104 | $35,872,000 |
$344,000 | $5,280,000 |
$17,000 | $1,696,000 |
| Not Provided |
11 | $1,238,000 |
$112,000 | $641,000 |
$56,000 | $134,000 |
| White |
127 | $8,756,000 |
$68,000 | $521,000 |
$107,000 | $1,354,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
243 | $45,896,000 |
$188,000 | $5,280,000 |
$66,000 | $1,696,000 |
| 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 | $712,000 |
$101,000 | $221,000 |
$63,000 | $122,000 |
| Application Denied By Financial Institution |
4 | $159,000 |
$39,000 | $81,000 |
$75,000 | $105,000 |
| Application Withdrawn By Applicant |
4 | $70,000 |
$17,000 | $25,000 |
$57,000 | $78,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
157 | $23,338,000 |
$148,000 | $5,280,000 |
$96,000 | $1,696,000 |
| Loan Purchased By The Institution |
71 | $21,617,000 |
$304,000 | $2,251,000 |
$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 |
1 | $81,000 |
$81,000 | $81,000 |
$52,000 | $52,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $20,000 |
$20,000 | $20,000 |
$87,000 | $87,000 |
| Debt-To-Income Ratio |
2 | $58,000 |
$29,000 | $43,000 |
$82,000 | $105,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for OCEAN NATIONAL BANK by:
Metropolitan Area And
County
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