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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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PROGRESS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
PROGRESS BANK |
| Address | PO BOX 609
SULLIVAN, MO 63080 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 355 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $37,807,000 |
| Average Mortgage Loan Amount Applied For | $119,545 |
| Highest Mortgage Loan Amount Applied For | $750,000 |
| Average Applicant Income | $72,545 |
| Highest Applicant Income | $643,000 |
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| Home Improvement |
26 | $715,000 |
$27,000 | $173,000 |
$52,000 | $121,000 |
| Home Purchase |
171 | $19,736,000 |
$115,000 | $750,000 |
$61,000 | $643,000 |
| Refinancing |
158 | $17,356,000 |
$109,000 | $417,000 |
$66,000 | $281,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $68,000 |
$68,000 | $68,000 |
$42,000 | $42,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
1 | $65,000 |
$65,000 | $65,000 |
$30,000 | $30,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $138,000 |
$138,000 | $138,000 |
$48,000 | $48,000 |
| Not applicable |
23 | $3,555,000 |
$154,000 | $713,000 |
$0 | $0 |
| Not Provided |
3 | $176,000 |
$58,000 | $117,000 |
$30,000 | $44,000 |
| White |
326 | $33,805,000 |
$103,000 | $750,000 |
$67,000 | $643,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
341 | $36,662,000 |
$107,000 | $750,000 |
$63,000 | $643,000 |
| FHA-insured (Federal Housing Administration) |
11 | $793,000 |
$72,000 | $112,000 |
$37,000 | $59,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
2 | $240,000 |
$120,000 | $130,000 |
$30,000 | $31,000 |
| VA-guaranteed (Veterans Administration) |
1 | $112,000 |
$112,000 | $112,000 |
$60,000 | $60,000 |
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| Application Approved But Not Accepted |
18 | $1,763,000 |
$97,000 | $200,000 |
$69,000 | $253,000 |
| Application Denied By Financial Institution |
60 | $4,849,000 |
$80,000 | $285,000 |
$52,000 | $280,000 |
| Application Withdrawn By Applicant |
46 | $4,613,000 |
$100,000 | $227,000 |
$58,000 | $300,000 |
| File Closed For Incompleteness |
7 | $709,000 |
$101,000 | $183,000 |
$50,000 | $106,000 |
| Loan Originated |
224 | $25,873,000 |
$115,000 | $750,000 |
$66,000 | $643,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for PROGRESS BANK by:
Metropolitan Area And
County
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