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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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WOODLANDS NATIONAL BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
WOODLANDS NATIONAL BANK |
| Address | 122 EAST MAIN STREET P.O. BOX 190
HINCKLEY, MN 55037 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 185 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $22,539,000 |
| Average Mortgage Loan Amount Applied For | $121,736 |
| Highest Mortgage Loan Amount Applied For | $512,000 |
| Average Applicant Income | $91,421 |
| Highest Applicant Income | $588,000 |
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| Home Improvement |
6 | $313,000 |
$52,000 | $124,000 |
$94,000 | $180,000 |
| Home Purchase |
54 | $5,831,000 |
$107,000 | $275,000 |
$52,000 | $146,000 |
| Refinancing |
125 | $16,395,000 |
$131,000 | $512,000 |
$73,000 | $588,000 |
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| American Indian or Alaskan Native |
24 | $2,626,000 |
$109,000 | $280,000 |
$53,000 | $103,000 |
| Asian |
1 | $114,000 |
$114,000 | $114,000 |
$43,000 | $43,000 |
| Black or African American |
1 | $124,000 |
$124,000 | $124,000 |
$46,000 | $46,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
2 | $562,000 |
$281,000 | $352,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
157 | $19,113,000 |
$121,000 | $512,000 |
$71,000 | $588,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
185 | $22,539,000 |
$121,000 | $512,000 |
$67,000 | $588,000 |
| 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 |
36 | $5,208,000 |
$144,000 | $364,000 |
$66,000 | $130,000 |
| Application Denied By Financial Institution |
31 | $2,961,000 |
$95,000 | $195,000 |
$39,000 | $86,000 |
| Application Withdrawn By Applicant |
2 | $360,000 |
$180,000 | $185,000 |
$52,000 | $62,000 |
| File Closed For Incompleteness |
1 | $124,000 |
$124,000 | $124,000 |
$46,000 | $46,000 |
| Loan Originated |
115 | $13,886,000 |
$120,000 | $512,000 |
$76,000 | $588,000 |
| 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 | $130,000 |
$130,000 | $130,000 |
$47,000 | $47,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
13 | $1,288,000 |
$99,000 | $195,000 |
$43,000 | $86,000 |
| Debt-To-Income Ratio |
11 | $1,012,000 |
$92,000 | $183,000 |
$35,000 | $67,000 |
| Employment History |
4 | $393,000 |
$98,000 | $165,000 |
$29,000 | $38,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $83,000 |
$83,000 | $83,000 |
$61,000 | $61,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $55,000 |
$55,000 | $55,000 |
$41,000 | $41,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for WOODLANDS NATIONAL BANK by:
Metropolitan Area And
County
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