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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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QUEEN CITY FEDERAL SAVINGS
Mortgage Loans and Application Details
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| Mortgage Company Name |
QUEEN CITY FEDERAL SAVINGS |
| Address | 501 CHESTNUT STREET
VIRGINIA, MN 55792 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 205 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $26,060,000 |
| Average Mortgage Loan Amount Applied For | $180,500 |
| Highest Mortgage Loan Amount Applied For | $1,900,000 |
| Average Applicant Income | $71,000 |
| Highest Applicant Income | $486,000 |
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| Home Improvement |
56 | $2,912,000 |
$52,000 | $298,000 |
$56,000 | $175,000 |
| Home Purchase |
45 | $7,318,000 |
$162,000 | $1,900,000 |
$74,000 | $299,000 |
| Refinancing |
104 | $15,830,000 |
$152,000 | $1,038,000 |
$65,000 | $486,000 |
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| American Indian or Alaskan Native |
1 | $41,000 |
$41,000 | $41,000 |
$16,000 | $16,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
4 | $761,000 |
$190,000 | $614,000 |
$0 | $0 |
| Not Provided |
2 | $590,000 |
$295,000 | $500,000 |
$151,000 | $158,000 |
| White |
198 | $24,668,000 |
$124,000 | $1,900,000 |
$65,000 | $486,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
205 | $26,060,000 |
$127,000 | $1,900,000 |
$65,000 | $486,000 |
| 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 |
1 | $90,000 |
$90,000 | $90,000 |
$158,000 | $158,000 |
| Application Denied By Financial Institution |
8 | $307,000 |
$38,000 | $114,000 |
$47,000 | $100,000 |
| Application Withdrawn By Applicant |
4 | $186,000 |
$46,000 | $66,000 |
$63,000 | $78,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
192 | $25,477,000 |
$132,000 | $1,900,000 |
$65,000 | $486,000 |
| 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 | $114,000 |
$114,000 | $114,000 |
$88,000 | $88,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
4 | $119,000 |
$29,000 | $65,000 |
$57,000 | $100,000 |
| Debt-To-Income Ratio |
1 | $6,000 |
$6,000 | $6,000 |
$3,000 | $3,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $65,000 |
$65,000 | $65,000 |
$36,000 | $36,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $3,000 |
$3,000 | $3,000 |
$19,000 | $19,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for QUEEN CITY FEDERAL SAVINGS by:
Metropolitan Area And
County
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