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" <br />City Cuyahoga f C hoga Falls, Ohio 38 <br />777 777, 1 <br />g , g Analysis of Impediments to Flair Housing Choice <br />Table 26 - Cuyahoga Falls Depository Institutions - Number of Branches - % Market <br />S_ hare of All Applications All <br />Loan Types - 2002 <br />INSTITUTION <br />% Market # of Rank In % <br />Share Applications Market Share <br />2002 2002 2002 <br />Key Bank <br />0.7% 38 36 <br />Falls Bank <br />1, 1% 1 64 23 <br />National City Bank <br />3,7% 201 3 <br />North Akron Savings Bank <br />07% 41 30 <br />Third Federal Savings & Loan <br />j <br />20% 110 13 <br />Valley Savings Bank <br />0,9% 50 26 <br />Bank One <br />2.8% 155 8 <br />Charter One <br />3,6% 195 5 <br />Fifth Third Bank <br />09% -52- <br />Firstmerit Bank <br />13% 72 21 <br />US Bank <br />06% 35 43 <br />Ohio Savings Bank <br />22% 1 119 11 1 <br />Total Market Share - 20.5% <br />Total Applications -1,132 <br />In 2002 lenders accepted 5,373 <br />applications for mortgage loans This includes all loan <br />purposes and types. Table 27 <br />shows action taken on those applications. <br />Table 27 - Action on ApI <br />Year Apps <br />1; Originated <br />2002 68.8% <br />Lions 2002 <br />Apps <br />Approved <br />Not Accepted <br />7.2% <br />Apps Apps Closed for <br />Denied Withdrawn Incompleteness <br />13.2% 1 8,1% 2,7% <br />Of the 5,373 applications received in the City 13.2% or 710 applications were denied. <br />While 68,8% of the applications were originated. <br />Over 7% of applications were approved by the lender. Applications approved but not <br />accepted are those that the consumer or borrower turns down. Often this is because loan <br />terms change, interest rate increases, fee changes or other issues that make the loan <br />