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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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PEOPLES BANK OF COMMERCE
Mortgage Loans and Application Details
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| Mortgage Company Name |
PEOPLES BANK OF COMMERCE |
| Address | 234 EAST FIRST AVENUE/P.O. BOX 592
CAMBRIDGE, MN 55008 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 125 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $16,218,000 |
| Average Mortgage Loan Amount Applied For | $177,888 |
| Highest Mortgage Loan Amount Applied For | $1,040,000 |
| Average Applicant Income | $107,222 |
| Highest Applicant Income | $1,200,000 |
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| Home Improvement |
27 | $1,063,000 |
$39,000 | $115,000 |
$58,000 | $112,000 |
| Home Purchase |
38 | $5,385,000 |
$141,000 | $664,000 |
$122,000 | $1,000,000 |
| Refinancing |
64 | $10,019,000 |
$156,000 | $1,040,000 |
$93,000 | $1,200,000 |
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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 | $45,000 |
$45,000 | $45,000 |
$80,000 | $80,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
5 | $2,393,000 |
$478,000 | $1,040,000 |
$0 | $0 |
| Not Provided |
3 | $341,000 |
$113,000 | $300,000 |
$72,000 | $180,000 |
| White |
120 | $13,688,000 |
$114,000 | $1,000,000 |
$99,000 | $1,200,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
129 | $16,467,000 |
$127,000 | $1,040,000 |
$94,000 | $1,200,000 |
| 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 |
12 | $1,088,000 |
$90,000 | $225,000 |
$124,000 | $1,000,000 |
| Application Withdrawn By Applicant |
2 | $526,000 |
$263,000 | $300,000 |
$102,000 | $180,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
115 | $14,853,000 |
$129,000 | $1,040,000 |
$91,000 | $1,200,000 |
| 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 |
7 | $747,000 |
$106,000 | $225,000 |
$57,000 | $77,000 |
| Debt-To-Income Ratio |
4 | $311,000 |
$77,000 | $190,000 |
$23,000 | $31,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $30,000 |
$30,000 | $30,000 |
$1,000,000 | $1,000,000 |
| 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 PEOPLES BANK OF COMMERCE by:
Metropolitan Area And
County
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