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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 NATIONAL BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
WESTERN NATIONAL BANK |
| Address | PO BOX 16050
DULUTH, MN 55816 |
| 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 | 68 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $8,847,000 |
| Average Mortgage Loan Amount Applied For | $99,000 |
| Highest Mortgage Loan Amount Applied For | $371,000 |
| Average Applicant Income | $39,500 |
| Highest Applicant Income | $276,000 |
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| Home Improvement |
3 | $38,000 |
$12,000 | $23,000 |
$55,000 | $80,000 |
| Home Purchase |
28 | $4,100,000 |
$146,000 | $352,000 |
$59,000 | $276,000 |
| Refinancing |
41 | $5,143,000 |
$125,000 | $371,000 |
$53,000 | $164,000 |
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| American Indian or Alaskan Native |
1 | $90,000 |
$90,000 | $90,000 |
$27,000 | $27,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
1 | $64,000 |
$64,000 | $64,000 |
$18,000 | $18,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
10 | $1,706,000 |
$170,000 | $300,000 |
$54,000 | $150,000 |
| White |
60 | $7,421,000 |
$123,000 | $371,000 |
$57,000 | $276,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
72 | $9,281,000 |
$128,000 | $371,000 |
$55,000 | $276,000 |
| 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 |
1 | $128,000 |
$128,000 | $128,000 |
$35,000 | $35,000 |
| Application Denied By Financial Institution |
14 | $1,946,000 |
$139,000 | $352,000 |
$33,000 | $72,000 |
| Application Withdrawn By Applicant |
20 | $2,566,000 |
$128,000 | $271,000 |
$53,000 | $150,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
37 | $4,641,000 |
$125,000 | $371,000 |
$65,000 | $276,000 |
| 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 |
1 | $300,000 |
$300,000 | $300,000 |
$36,000 | $36,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
8 | $955,000 |
$119,000 | $220,000 |
$39,000 | $72,000 |
| Debt-To-Income Ratio |
4 | $339,000 |
$84,000 | $100,000 |
$23,000 | $26,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
1 | $352,000 |
$352,000 | $352,000 |
$23,000 | $23,000 |
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Mortgage Loan App Totals for WESTERN NATIONAL BANK by:
Metropolitan Area And
County
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