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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 MERCHANTS NATIONAL BANK OF
Mortgage Loans and Application Details
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| Mortgage Company Name |
THE MERCHANTS NATIONAL BANK OF |
| Address | 222 MARKET STREET, P O BOX 958
KITTANNING, PA 16201 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 163 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $12,618,000 |
| Average Mortgage Loan Amount Applied For | $66,750 |
| Highest Mortgage Loan Amount Applied For | $604,000 |
| Average Applicant Income | $43,250 |
| Highest Applicant Income | $186,000 |
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| Home Improvement |
24 | $1,098,000 |
$45,000 | $192,000 |
$59,000 | $125,000 |
| Home Purchase |
55 | $5,486,000 |
$99,000 | $604,000 |
$53,000 | $186,000 |
| Refinancing |
84 | $6,034,000 |
$71,000 | $243,000 |
$59,000 | $136,000 |
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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 |
2 | $227,000 |
$113,000 | $207,000 |
$88,000 | $100,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1 | $96,000 |
$96,000 | $96,000 |
$46,000 | $46,000 |
| White |
160 | $12,295,000 |
$76,000 | $604,000 |
$57,000 | $186,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
163 | $12,618,000 |
$77,000 | $604,000 |
$57,000 | $186,000 |
| 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 | $119,000 |
$119,000 | $119,000 |
$136,000 | $136,000 |
| Application Denied By Financial Institution |
21 | $1,366,000 |
$65,000 | $178,000 |
$34,000 | $73,000 |
| Application Withdrawn By Applicant |
14 | $746,000 |
$53,000 | $96,000 |
$52,000 | $100,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
127 | $10,387,000 |
$81,000 | $604,000 |
$61,000 | $186,000 |
| 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 |
2 | $112,000 |
$56,000 | $95,000 |
$59,000 | $73,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
10 | $608,000 |
$60,000 | $107,000 |
$34,000 | $51,000 |
| Debt-To-Income Ratio |
7 | $475,000 |
$67,000 | $178,000 |
$24,000 | $46,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $62,000 |
$62,000 | $62,000 |
$58,000 | $58,000 |
| Mortgage Insurance Denied |
1 | $109,000 |
$109,000 | $109,000 |
$33,000 | $33,000 |
| 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 MERCHANTS NATIONAL BANK OF by:
Metropolitan Area And
County
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