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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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PENN SECURITY BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
PENN SECURITY BANK |
| Address | 150 NORTH WASHINGTON AVE
SCRANTON, PA 18503 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 694 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $71,301,000 |
| Average Mortgage Loan Amount Applied For | $154,894 |
| Highest Mortgage Loan Amount Applied For | $895,000 |
| Average Applicant Income | $120,578 |
| Highest Applicant Income | $1,635,000 |
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| Home Improvement |
146 | $5,492,000 |
$37,000 | $250,000 |
$79,000 | $516,000 |
| Home Purchase |
247 | $40,552,000 |
$164,000 | $895,000 |
$108,000 | $1,635,000 |
| Refinancing |
301 | $25,257,000 |
$83,000 | $710,000 |
$85,000 | $1,260,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
5 | $1,023,000 |
$204,000 | $348,000 |
$209,000 | $397,000 |
| Black or African American |
7 | $1,042,000 |
$148,000 | $420,000 |
$65,000 | $126,000 |
| Hispanic |
14 | $880,000 |
$62,000 | $165,000 |
$47,000 | $126,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $128,000 |
$128,000 | $128,000 |
$58,000 | $58,000 |
| Not applicable |
1 | $4,000 |
$4,000 | $4,000 |
$5,000 | $5,000 |
| Not Provided |
21 | $2,001,000 |
$95,000 | $580,000 |
$68,000 | $181,000 |
| White |
645 | $66,223,000 |
$102,000 | $895,000 |
$93,000 | $1,635,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
694 | $71,301,000 |
$102,000 | $895,000 |
$92,000 | $1,635,000 |
| 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 |
49 | $4,772,000 |
$97,000 | $308,000 |
$64,000 | $275,000 |
| Application Withdrawn By Applicant |
48 | $6,774,000 |
$141,000 | $417,000 |
$98,000 | $540,000 |
| File Closed For Incompleteness |
20 | $2,785,000 |
$139,000 | $275,000 |
$82,000 | $250,000 |
| Loan Originated |
577 | $56,970,000 |
$98,000 | $895,000 |
$94,000 | $1,635,000 |
| 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 |
1 | $25,000 |
$25,000 | $25,000 |
$65,000 | $65,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
31 | $1,974,000 |
$63,000 | $183,000 |
$61,000 | $165,000 |
| Debt-To-Income Ratio |
16 | $2,465,000 |
$154,000 | $290,000 |
$69,000 | $275,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $308,000 |
$308,000 | $308,000 |
$100,000 | $100,000 |
| 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 PENN SECURITY BANK by:
Metropolitan Area And
County
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