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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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THE BANK OF NEW GLARUS
Mortgage Loans and Application Details
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| Mortgage Company Name |
THE BANK OF NEW GLARUS |
| Address | 501 FIRST STREET
NEW GLARUS, WI 53574 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 224 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $21,141,000 |
| Average Mortgage Loan Amount Applied For | $103,500 |
| Highest Mortgage Loan Amount Applied For | $483,000 |
| Average Applicant Income | $67,750 |
| Highest Applicant Income | $356,000 |
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| Home Improvement |
50 | $2,171,000 |
$43,000 | $380,000 |
$56,000 | $146,000 |
| Home Purchase |
74 | $9,531,000 |
$128,000 | $325,000 |
$69,000 | $356,000 |
| Refinancing |
100 | $9,439,000 |
$94,000 | $483,000 |
$68,000 | $199,000 |
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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 | $37,000 |
$37,000 | $37,000 |
$30,000 | $30,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
4 | $395,000 |
$98,000 | $260,000 |
$0 | $0 |
| Not Provided |
4 | $161,000 |
$40,000 | $140,000 |
$62,000 | $105,000 |
| White |
215 | $20,548,000 |
$95,000 | $483,000 |
$67,000 | $356,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
223 | $21,073,000 |
$94,000 | $483,000 |
$66,000 | $356,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $68,000 |
$68,000 | $68,000 |
$25,000 | $25,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
8 | $711,000 |
$88,000 | $180,000 |
$55,000 | $105,000 |
| Application Denied By Financial Institution |
13 | $1,768,000 |
$136,000 | $483,000 |
$49,000 | $95,000 |
| Application Withdrawn By Applicant |
11 | $783,000 |
$71,000 | $200,000 |
$49,000 | $104,000 |
| File Closed For Incompleteness |
1 | $110,000 |
$110,000 | $110,000 |
$42,000 | $42,000 |
| Loan Originated |
191 | $17,769,000 |
$93,000 | $380,000 |
$68,000 | $356,000 |
| 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 |
6 | $825,000 |
$137,000 | $483,000 |
$52,000 | $94,000 |
| Debt-To-Income Ratio |
5 | $640,000 |
$128,000 | $225,000 |
$40,000 | $58,000 |
| Employment History |
1 | $21,000 |
$21,000 | $21,000 |
$33,000 | $33,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $282,000 |
$282,000 | $282,000 |
$95,000 | $95,000 |
| 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 THE BANK OF NEW GLARUS by:
Metropolitan Area And
County
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