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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 STATE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
PEOPLES STATE BANK |
| Address | 100 4TH AVE SE
PLAINVIEW, MN 55964 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 241 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $23,208,000 |
| Average Mortgage Loan Amount Applied For | $106,235 |
| Highest Mortgage Loan Amount Applied For | $525,000 |
| Average Applicant Income | $58,705 |
| Highest Applicant Income | $282,000 |
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| Home Improvement |
22 | $560,000 |
$25,000 | $198,000 |
$69,000 | $216,000 |
| Home Purchase |
74 | $8,486,000 |
$114,000 | $425,000 |
$61,000 | $282,000 |
| Refinancing |
145 | $14,162,000 |
$97,000 | $525,000 |
$65,000 | $190,000 |
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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 |
1 | $88,000 |
$88,000 | $88,000 |
$64,000 | $64,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
2 | $168,000 |
$84,000 | $124,000 |
$38,000 | $52,000 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
238 | $22,952,000 |
$96,000 | $525,000 |
$65,000 | $282,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
224 | $21,382,000 |
$95,000 | $525,000 |
$67,000 | $282,000 |
| FHA-insured (Federal Housing Administration) |
1 | $12,000 |
$12,000 | $12,000 |
$16,000 | $16,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
13 | $1,281,000 |
$98,000 | $152,000 |
$34,000 | $64,000 |
| VA-guaranteed (Veterans Administration) |
3 | $533,000 |
$177,000 | $210,000 |
$40,000 | $66,000 |
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| Application Approved But Not Accepted |
10 | $798,000 |
$79,000 | $156,000 |
$40,000 | $71,000 |
| Application Denied By Financial Institution |
33 | $4,281,000 |
$129,000 | $425,000 |
$50,000 | $124,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
198 | $18,129,000 |
$91,000 | $525,000 |
$68,000 | $282,000 |
| 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 |
5 | $500,000 |
$100,000 | $270,000 |
$47,000 | $71,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
14 | $1,441,000 |
$102,000 | $195,000 |
$51,000 | $95,000 |
| Debt-To-Income Ratio |
13 | $2,264,000 |
$174,000 | $425,000 |
$49,000 | $124,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $76,000 |
$76,000 | $76,000 |
$48,000 | $48,000 |
| 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 STATE BANK by:
Metropolitan Area And
County
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