|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
PRIME SECURITY BANK
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
PRIME SECURITY BANK |
| Address | 1305 VIERLING DRIVE
SHAKOPEE, MN 55379 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 163 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $13,766,000 |
| Average Mortgage Loan Amount Applied For | $77,535 |
| Highest Mortgage Loan Amount Applied For | $560,000 |
| Average Applicant Income | $73,107 |
| Highest Applicant Income | $192,000 |
|
|
|
| Home Improvement |
17 | $860,000 |
$50,000 | $185,000 |
$69,000 | $133,000 |
| Home Purchase |
52 | $4,688,000 |
$90,000 | $523,000 |
$74,000 | $192,000 |
| Refinancing |
94 | $8,218,000 |
$87,000 | $560,000 |
$77,000 | $171,000 |
|
|
| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
6 | $608,000 |
$101,000 | $272,000 |
$82,000 | $119,000 |
| Black or African American |
4 | $824,000 |
$206,000 | $560,000 |
$60,000 | $96,000 |
| Hispanic |
4 | $218,000 |
$54,000 | $81,000 |
$99,000 | $153,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
1 | $523,000 |
$523,000 | $523,000 |
$0 | $0 |
| Not Provided |
19 | $1,503,000 |
$79,000 | $417,000 |
$77,000 | $149,000 |
| White |
129 | $10,090,000 |
$78,000 | $360,000 |
$75,000 | $192,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
163 | $13,766,000 |
$84,000 | $560,000 |
$75,000 | $192,000 |
| 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 |
|
|
| Application Approved But Not Accepted |
18 | $1,643,000 |
$91,000 | $296,000 |
$83,000 | $138,000 |
| Application Denied By Financial Institution |
26 | $1,727,000 |
$66,000 | $190,000 |
$64,000 | $171,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
1 | $228,000 |
$228,000 | $228,000 |
$35,000 | $35,000 |
| Loan Originated |
118 | $10,168,000 |
$86,000 | $560,000 |
$77,000 | $192,000 |
| 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 |
|
|
| Collateral |
4 | $236,000 |
$59,000 | $95,000 |
$57,000 | $100,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
13 | $1,005,000 |
$77,000 | $190,000 |
$73,000 | $171,000 |
| Debt-To-Income Ratio |
3 | $193,000 |
$64,000 | $156,000 |
$32,000 | $58,000 |
| 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 |
6 | $293,000 |
$48,000 | $79,000 |
$66,000 | $83,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
Mortgage Loan App Totals for PRIME SECURITY BANK by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
