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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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WESTERN BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
WESTERN BANK |
| Address | 3033 UNIVERSITY AVE SE
MINNEAPOLIS, MN 55414 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 318 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $15,159,000 |
| Average Mortgage Loan Amount Applied For | $62,333 |
| Highest Mortgage Loan Amount Applied For | $1,300,000 |
| Average Applicant Income | $82,133 |
| Highest Applicant Income | $1,032,000 |
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| Home Improvement |
255 | $5,849,000 |
$22,000 | $354,000 |
$62,000 | $250,000 |
| Home Purchase |
26 | $4,810,000 |
$185,000 | $675,000 |
$95,000 | $1,032,000 |
| Refinancing |
37 | $4,500,000 |
$121,000 | $1,300,000 |
$62,000 | $160,000 |
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| American Indian or Alaskan Native |
2 | $40,000 |
$20,000 | $30,000 |
$68,000 | $77,000 |
| Asian |
18 | $1,198,000 |
$66,000 | $225,000 |
$52,000 | $113,000 |
| Black or African American |
28 | $678,000 |
$24,000 | $143,000 |
$50,000 | $100,000 |
| Hispanic |
6 | $106,000 |
$17,000 | $43,000 |
$42,000 | $75,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
17 | $3,589,000 |
$211,000 | $1,300,000 |
$0 | $0 |
| Not Provided |
1 | $225,000 |
$225,000 | $225,000 |
$100,000 | $100,000 |
| White |
246 | $9,323,000 |
$37,000 | $675,000 |
$72,000 | $1,032,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
318 | $15,159,000 |
$47,000 | $1,300,000 |
$65,000 | $1,032,000 |
| 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 |
31 | $736,000 |
$23,000 | $137,000 |
$59,000 | $147,000 |
| Application Denied By Financial Institution |
75 | $3,158,000 |
$42,000 | $1,300,000 |
$60,000 | $152,000 |
| Application Withdrawn By Applicant |
50 | $951,000 |
$19,000 | $200,000 |
$58,000 | $146,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
162 | $10,314,000 |
$63,000 | $675,000 |
$70,000 | $1,032,000 |
| 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 |
3 | $49,000 |
$16,000 | $24,000 |
$91,000 | $113,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
34 | $639,000 |
$18,000 | $143,000 |
$65,000 | $146,000 |
| Debt-To-Income Ratio |
37 | $2,403,000 |
$64,000 | $1,300,000 |
$52,000 | $152,000 |
| 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 | $67,000 |
$67,000 | $67,000 |
$26,000 | $26,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for WESTERN BANK by:
Metropolitan Area And
County
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