|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
THE NORTHERN TRUST COMPANY
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
THE NORTHERN TRUST COMPANY |
| Address | 50 S. LA SALLE
CHICAGO, IL 60675 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,233 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $543,737,000 |
| Average Mortgage Loan Amount Applied For | $680,382 |
| Highest Mortgage Loan Amount Applied For | $8,498,000 |
| Average Applicant Income | $682,139 |
| Highest Applicant Income | $9,999,000 |
|
|
|
| Home Improvement |
57 | $18,353,000 |
$321,000 | $4,750,000 |
$131,000 | $1,660,000 |
| Home Purchase |
625 | $331,369,000 |
$530,000 | $4,200,000 |
$439,000 | $9,999,000 |
| Refinancing |
551 | $194,015,000 |
$352,000 | $8,498,000 |
$190,000 | $4,200,000 |
|
|
| American Indian or Alaskan Native |
4 | $559,000 |
$139,000 | $278,000 |
$68,000 | $125,000 |
| Asian |
20 | $5,097,000 |
$254,000 | $848,000 |
$187,000 | $1,257,000 |
| Black or African American |
165 | $36,339,000 |
$220,000 | $1,500,000 |
$155,000 | $3,248,000 |
| Hispanic |
77 | $18,512,000 |
$240,000 | $1,000,000 |
$96,000 | $950,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $1,416,000 |
$708,000 | $1,100,000 |
$729,000 | $1,170,000 |
| Not applicable |
320 | $98,606,000 |
$308,000 | $8,498,000 |
$47,000 | $1,177,000 |
| Not Provided |
1 | $290,000 |
$290,000 | $290,000 |
$338,000 | $338,000 |
| White |
644 | $382,918,000 |
$594,000 | $4,250,000 |
$517,000 | $9,999,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,233 | $543,737,000 |
$440,000 | $8,498,000 |
$313,000 | $9,999,000 |
| 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 |
|
|
| Application Approved But Not Accepted |
104 | $56,772,000 |
$545,000 | $4,750,000 |
$395,000 | $3,000,000 |
| Application Denied By Financial Institution |
105 | $31,715,000 |
$302,000 | $2,300,000 |
$118,000 | $1,296,000 |
| Application Withdrawn By Applicant |
15 | $6,953,000 |
$463,000 | $1,200,000 |
$196,000 | $498,000 |
| File Closed For Incompleteness |
6 | $2,560,000 |
$426,000 | $900,000 |
$322,000 | $1,055,000 |
| Loan Originated |
722 | $401,483,000 |
$556,000 | $8,498,000 |
$435,000 | $9,999,000 |
| Loan Purchased By The Institution |
281 | $44,254,000 |
$157,000 | $417,000 |
$49,000 | $480,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
|
| Collateral |
10 | $3,618,000 |
$361,000 | $1,120,000 |
$171,000 | $650,000 |
| Credit Application Incomplete |
5 | $2,229,000 |
$445,000 | $778,000 |
$208,000 | $300,000 |
| Credit History |
14 | $1,689,000 |
$120,000 | $350,000 |
$152,000 | $1,296,000 |
| Debt-To-Income Ratio |
72 | $23,498,000 |
$326,000 | $2,300,000 |
$99,000 | $588,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $228,000 |
$228,000 | $228,000 |
$76,000 | $76,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $305,000 |
$152,000 | $245,000 |
$144,000 | $146,000 |
| Unverifiable Information |
1 | $148,000 |
$148,000 | $148,000 |
$46,000 | $46,000 |
|
Mortgage Loan App Totals for THE NORTHERN TRUST COMPANY by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
