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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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VERUS BANK NA
Mortgage Loans and Application Details
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| Mortgage Company Name |
VERUS BANK NA |
| Address | PO BOX 330
DERBY, KS 67037-0330 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 130 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $8,325,000 |
| Average Mortgage Loan Amount Applied For | $67,500 |
| Highest Mortgage Loan Amount Applied For | $550,000 |
| Average Applicant Income | $64,875 |
| Highest Applicant Income | $203,000 |
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| Home Improvement |
34 | $806,000 |
$23,000 | $115,000 |
$64,000 | $199,000 |
| Home Purchase |
62 | $5,457,000 |
$88,000 | $550,000 |
$46,000 | $138,000 |
| Refinancing |
50 | $4,996,000 |
$99,000 | $1,100,000 |
$53,000 | $203,000 |
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| American Indian or Alaskan Native |
1 | $24,000 |
$24,000 | $24,000 |
$30,000 | $30,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
7 | $253,000 |
$36,000 | $98,000 |
$42,000 | $79,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
3 | $1,907,000 |
$635,000 | $1,100,000 |
$66,000 | $199,000 |
| Not Provided |
2 | $208,000 |
$104,000 | $112,000 |
$46,000 | $48,000 |
| White |
133 | $8,867,000 |
$66,000 | $550,000 |
$53,000 | $203,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
130 | $9,900,000 |
$76,000 | $1,100,000 |
$55,000 | $203,000 |
| FHA-insured (Federal Housing Administration) |
13 | $1,144,000 |
$88,000 | $147,000 |
$35,000 | $80,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
3 | $215,000 |
$71,000 | $81,000 |
$42,000 | $88,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
24 | $2,550,000 |
$106,000 | $692,000 |
$44,000 | $104,000 |
| Application Withdrawn By Applicant |
37 | $4,158,000 |
$112,000 | $1,100,000 |
$46,000 | $98,000 |
| File Closed For Incompleteness |
1 | $60,000 |
$60,000 | $60,000 |
$31,000 | $31,000 |
| Loan Originated |
82 | $4,371,000 |
$53,000 | $550,000 |
$60,000 | $203,000 |
| 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 |
2 | $120,000 |
$60,000 | $70,000 |
$0 | $0 |
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| Collateral |
3 | $127,000 |
$42,000 | $118,000 |
$60,000 | $73,000 |
| Credit Application Incomplete |
1 | $50,000 |
$50,000 | $50,000 |
$0 | $0 |
| Credit History |
16 | $1,524,000 |
$95,000 | $203,000 |
$44,000 | $104,000 |
| Debt-To-Income Ratio |
3 | $121,000 |
$40,000 | $67,000 |
$35,000 | $73,000 |
| 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 |
1 | $89,000 |
$89,000 | $89,000 |
$56,000 | $56,000 |
| Unverifiable Information |
2 | $759,000 |
$379,000 | $692,000 |
$10,000 | $21,000 |
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Mortgage Loan App Totals for VERUS BANK NA by:
Metropolitan Area And
County
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