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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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1ST FARMERS & MERCHANTS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
1ST FARMERS & MERCHANTS BANK |
| Address | PO BOX 1148
COLUMBIA, TN 38402 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 728 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $66,477,000 |
| Average Mortgage Loan Amount Applied For | $189,107 |
| Highest Mortgage Loan Amount Applied For | $1,500,000 |
| Average Applicant Income | $164,928 |
| Highest Applicant Income | $1,863,000 |
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| Home Improvement |
181 | $6,022,000 |
$33,000 | $242,000 |
$56,000 | $480,000 |
| Home Purchase |
203 | $29,899,000 |
$147,000 | $1,500,000 |
$100,000 | $1,863,000 |
| Refinancing |
344 | $30,556,000 |
$88,000 | $1,194,000 |
$78,000 | $994,000 |
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| American Indian or Alaskan Native |
1 | $58,000 |
$58,000 | $58,000 |
$22,000 | $22,000 |
| Asian |
5 | $605,000 |
$121,000 | $225,000 |
$154,000 | $348,000 |
| Black or African American |
28 | $738,000 |
$26,000 | $140,000 |
$49,000 | $107,000 |
| Hispanic |
4 | $628,000 |
$157,000 | $438,000 |
$174,000 | $240,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
4 | $1,691,000 |
$422,000 | $800,000 |
$297,000 | $994,000 |
| Not Provided |
8 | $1,142,000 |
$142,000 | $400,000 |
$133,000 | $250,000 |
| White |
678 | $61,615,000 |
$90,000 | $1,500,000 |
$77,000 | $1,863,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
728 | $66,477,000 |
$91,000 | $1,500,000 |
$79,000 | $1,863,000 |
| 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 |
35 | $2,994,000 |
$85,000 | $240,000 |
$72,000 | $582,000 |
| Application Denied By Financial Institution |
61 | $4,630,000 |
$75,000 | $700,000 |
$42,000 | $180,000 |
| Application Withdrawn By Applicant |
7 | $755,000 |
$107,000 | $269,000 |
$68,000 | $144,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
625 | $58,098,000 |
$92,000 | $1,500,000 |
$83,000 | $1,863,000 |
| 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 | $180,000 |
$60,000 | $99,000 |
$43,000 | $59,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
41 | $2,348,000 |
$57,000 | $438,000 |
$42,000 | $180,000 |
| Debt-To-Income Ratio |
16 | $2,021,000 |
$126,000 | $700,000 |
$42,000 | $90,000 |
| 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 | $81,000 |
$81,000 | $81,000 |
$66,000 | $66,000 |
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Mortgage Loan App Totals for 1ST FARMERS & MERCHANTS BANK by:
Metropolitan Area And
County
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