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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 HEADLAND NATIONAL BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
THE HEADLAND NATIONAL BANK |
| Address | 40 MAIN ST./P.O. BOX 157
HEADLAND, AL 36345 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 87 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $6,106,000 |
| Average Mortgage Loan Amount Applied For | $157,333 |
| Highest Mortgage Loan Amount Applied For | $684,000 |
| Average Applicant Income | $56,000 |
| Highest Applicant Income | $228,000 |
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| Home Improvement |
20 | $516,000 |
$25,000 | $101,000 |
$60,000 | $228,000 |
| Home Purchase |
53 | $4,500,000 |
$84,000 | $684,000 |
$55,000 | $188,000 |
| Refinancing |
17 | $1,147,000 |
$67,000 | $177,000 |
$57,000 | $228,000 |
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| American Indian or Alaskan Native |
1 | $113,000 |
$113,000 | $113,000 |
$88,000 | $88,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
7 | $192,000 |
$27,000 | $63,000 |
$19,000 | $42,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
15 | $1,314,000 |
$87,000 | $284,000 |
$0 | $0 |
| Not Provided |
1 | $40,000 |
$40,000 | $40,000 |
$102,000 | $102,000 |
| White |
66 | $4,504,000 |
$68,000 | $684,000 |
$72,000 | $228,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
90 | $6,163,000 |
$68,000 | $684,000 |
$56,000 | $228,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
11 | $366,000 |
$33,000 | $170,000 |
$29,000 | $58,000 |
| Application Withdrawn By Applicant |
1 | $63,000 |
$63,000 | $63,000 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
78 | $5,734,000 |
$73,000 | $684,000 |
$61,000 | $228,000 |
| 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 |
9 | $176,000 |
$19,000 | $32,000 |
$30,000 | $58,000 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $190,000 |
$95,000 | $170,000 |
$23,000 | $26,000 |
| 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 HEADLAND NATIONAL BANK by:
Metropolitan Area And
County
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