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| $5,279,183,286,000 in Mortgage Loans Applied for in 2007 from 26,605,695 Applications |
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TNBANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
TNBANK |
| Address | 401 S. ILLINOIS AVE
OAK RIDGE, TN 37830 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2007 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 |
| Total Number of Mortgage Loan Applications Processed | 357 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $42,763,000 |
| Average Mortgage Loan Amount Applied For | $103,722 |
| Highest Mortgage Loan Amount Applied For | $950,000 |
| Average Applicant Income | $65,388 |
| Highest Applicant Income | $583,000 |
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| Home Improvement |
35 | $691,000 |
$19,000 | $120,000 |
$76,000 | $623,000 |
| Home Purchase |
247 | $33,964,000 |
$137,000 | $950,000 |
$69,000 | $340,000 |
| Refinancing |
144 | $17,045,000 |
$118,000 | $601,000 |
$78,000 | $583,000 |
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| American Indian or Alaskan Native |
1 | $47,000 |
$47,000 | $47,000 |
$27,000 | $27,000 |
| Asian |
7 | $1,591,000 |
$227,000 | $410,000 |
$149,000 | $340,000 |
| Black or African American |
12 | $1,420,000 |
$118,000 | $950,000 |
$80,000 | $177,000 |
| Hispanic |
6 | $1,415,000 |
$235,000 | $650,000 |
$47,000 | $106,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
7 | $578,000 |
$82,000 | $195,000 |
$0 | $0 |
| Not Provided |
8 | $642,000 |
$80,000 | $250,000 |
$29,000 | $68,000 |
| White |
385 | $46,007,000 |
$119,000 | $601,000 |
$74,000 | $623,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
425 | $51,590,000 |
$121,000 | $950,000 |
$73,000 | $623,000 |
| FHA-insured (Federal Housing Administration) |
1 | $110,000 |
$110,000 | $110,000 |
$43,000 | $43,000 |
| 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 |
23 | $3,461,000 |
$150,000 | $526,000 |
$58,000 | $239,000 |
| Application Denied By Financial Institution |
56 | $6,253,000 |
$111,000 | $402,000 |
$47,000 | $240,000 |
| Application Withdrawn By Applicant |
76 | $12,074,000 |
$158,000 | $950,000 |
$71,000 | $256,000 |
| File Closed For Incompleteness |
11 | $1,418,000 |
$128,000 | $372,000 |
$58,000 | $203,000 |
| Loan Originated |
245 | $26,112,000 |
$106,000 | $550,000 |
$82,000 | $623,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
12 | $2,083,000 |
$173,000 | $417,000 |
$67,000 | $160,000 |
| Preapproval Denied by Financial Institution |
3 | $299,000 |
$99,000 | $113,000 |
$47,000 | $64,000 |
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| Collateral |
7 | $813,000 |
$116,000 | $155,000 |
$47,000 | $86,000 |
| Credit Application Incomplete |
1 | $300,000 |
$300,000 | $300,000 |
$90,000 | $90,000 |
| Credit History |
18 | $1,651,000 |
$91,000 | $208,000 |
$53,000 | $240,000 |
| Debt-To-Income Ratio |
17 | $2,089,000 |
$122,000 | $402,000 |
$40,000 | $76,000 |
| Employment History |
3 | $399,000 |
$133,000 | $169,000 |
$40,000 | $82,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
4 | $230,000 |
$57,000 | $75,000 |
$28,000 | $68,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
8 | $965,000 |
$120,000 | $242,000 |
$61,000 | $137,000 |
| Unverifiable Information |
1 | $105,000 |
$105,000 | $105,000 |
$32,000 | $32,000 |
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Mortgage Loan App Totals for TNBANK by:
Metropolitan Area And
County
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