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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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TOWER BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
TOWER BANK |
| Address | 116 EAST BERRY STREET
FORT WAYNE, IN 46802 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 259 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $53,034,000 |
| Average Mortgage Loan Amount Applied For | $319,166 |
| Highest Mortgage Loan Amount Applied For | $3,750,000 |
| Average Applicant Income | $101,500 |
| Highest Applicant Income | $1,317,000 |
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| Home Improvement |
19 | $452,000 |
$23,000 | $90,000 |
$63,000 | $250,000 |
| Home Purchase |
160 | $32,831,000 |
$205,000 | $3,750,000 |
$114,000 | $1,317,000 |
| Refinancing |
82 | $19,906,000 |
$242,000 | $790,000 |
$91,000 | $500,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
7 | $1,034,000 |
$147,000 | $280,000 |
$134,000 | $468,000 |
| Black or African American |
3 | $98,000 |
$32,000 | $49,000 |
$46,000 | $77,000 |
| Hispanic |
2 | $40,000 |
$20,000 | $30,000 |
$51,000 | $53,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
57 | $20,951,000 |
$367,000 | $3,750,000 |
$0 | $0 |
| Not Provided |
4 | $272,000 |
$68,000 | $221,000 |
$67,000 | $126,000 |
| White |
188 | $30,794,000 |
$163,000 | $1,250,000 |
$136,000 | $1,317,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
261 | $53,189,000 |
$203,000 | $3,750,000 |
$103,000 | $1,317,000 |
| 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 |
6 | $822,000 |
$137,000 | $221,000 |
$117,000 | $454,000 |
| Application Denied By Financial Institution |
10 | $289,000 |
$28,000 | $145,000 |
$26,000 | $58,000 |
| Application Withdrawn By Applicant |
1 | $4,000 |
$4,000 | $4,000 |
$15,000 | $15,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
210 | $37,861,000 |
$180,000 | $3,750,000 |
$123,000 | $1,317,000 |
| Loan Purchased By The Institution |
34 | $14,213,000 |
$418,000 | $714,000 |
$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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 TOWER BANK by:
Metropolitan Area And
County
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