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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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PALISADES NATIONAL BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
PALISADES NATIONAL BANK |
| Address | PO BOX 10
PALISADE, CO 81526 |
| 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 | 29 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $3,045,000 |
| Average Mortgage Loan Amount Applied For | $105,000 |
| Highest Mortgage Loan Amount Applied For | $600,000 |
| Average Applicant Income | $63,000 |
| Highest Applicant Income | $401,000 |
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| Home Improvement |
7 | $482,000 |
$68,000 | $175,000 |
$47,000 | $131,000 |
| Home Purchase |
11 | $987,000 |
$89,000 | $375,000 |
$88,000 | $401,000 |
| Refinancing |
11 | $1,576,000 |
$143,000 | $600,000 |
$50,000 | $97,000 |
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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 | $184,000 |
$184,000 | $184,000 |
$401,000 | $401,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1 | $190,000 |
$190,000 | $190,000 |
$97,000 | $97,000 |
| White |
27 | $2,671,000 |
$98,000 | $600,000 |
$50,000 | $131,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
29 | $3,045,000 |
$105,000 | $600,000 |
$63,000 | $401,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
2 | $113,000 |
$56,000 | $88,000 |
$51,000 | $78,000 |
| Application Withdrawn By Applicant |
2 | $90,000 |
$45,000 | $49,000 |
$73,000 | $77,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
25 | $2,842,000 |
$113,000 | $600,000 |
$64,000 | $401,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $25,000 |
$25,000 | $25,000 |
$78,000 | $78,000 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $88,000 |
$88,000 | $88,000 |
$24,000 | $24,000 |
| 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 PALISADES NATIONAL BANK by:
Metropolitan Area And
County
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