|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
ANN ARBOR COMMERCE BANK
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
ANN ARBOR COMMERCE BANK |
| Address | 2950 STATE STREET SOUTH
ANN ARBOR, MI 48104 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 111 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $21,607,000 |
| Average Mortgage Loan Amount Applied For | $174,625 |
| Highest Mortgage Loan Amount Applied For | $2,700,000 |
| Average Applicant Income | $90,500 |
| Highest Applicant Income | $1,200,000 |
|
|
|
| Home Improvement |
23 | $2,159,000 |
$93,000 | $700,000 |
$91,000 | $250,000 |
| Home Purchase |
30 | $9,976,000 |
$332,000 | $2,700,000 |
$108,000 | $1,000,000 |
| Refinancing |
58 | $9,472,000 |
$163,000 | $740,000 |
$165,000 | $1,200,000 |
|
|
| American Indian or Alaskan Native |
1 | $216,000 |
$216,000 | $216,000 |
$46,000 | $46,000 |
| Asian |
2 | $358,000 |
$179,000 | $220,000 |
$44,000 | $71,000 |
| Black or African American |
6 | $552,000 |
$92,000 | $168,000 |
$140,000 | $272,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
14 | $6,003,000 |
$428,000 | $2,700,000 |
$0 | $0 |
| Not Provided |
6 | $2,940,000 |
$490,000 | $1,283,000 |
$91,000 | $184,000 |
| White |
82 | $11,538,000 |
$140,000 | $864,000 |
$163,000 | $1,200,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
111 | $21,607,000 |
$194,000 | $2,700,000 |
$134,000 | $1,200,000 |
| 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 |
|
|
| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
2 | $226,000 |
$113,000 | $216,000 |
$72,000 | $99,000 |
| Application Withdrawn By Applicant |
10 | $2,262,000 |
$226,000 | $461,000 |
$50,000 | $107,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
99 | $19,119,000 |
$193,000 | $2,700,000 |
$144,000 | $1,200,000 |
| 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 |
|
|
| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $226,000 |
$113,000 | $216,000 |
$72,000 | $99,000 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
Mortgage Loan App Totals for ANN ARBOR COMMERCE BANK by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
