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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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BANK OF ANN ARBOR
Mortgage Loans and Application Details
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| Mortgage Company Name |
BANK OF ANN ARBOR |
| Address | 125 S. FIFTH AVENUE
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 | 311 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $57,516,000 |
| Average Mortgage Loan Amount Applied For | $160,931 |
| Highest Mortgage Loan Amount Applied For | $712,000 |
| Average Applicant Income | $116,103 |
| Highest Applicant Income | $984,000 |
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| Home Improvement |
7 | $910,000 |
$130,000 | $440,000 |
$70,000 | $182,000 |
| Home Purchase |
190 | $35,891,000 |
$188,000 | $650,000 |
$118,000 | $984,000 |
| Refinancing |
115 | $21,015,000 |
$182,000 | $712,000 |
$103,000 | $720,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
7 | $787,000 |
$112,000 | $228,000 |
$126,000 | $277,000 |
| Black or African American |
9 | $1,553,000 |
$172,000 | $470,000 |
$112,000 | $225,000 |
| Hispanic |
9 | $1,373,000 |
$152,000 | $304,000 |
$120,000 | $306,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
6 | $1,166,000 |
$194,000 | $485,000 |
$60,000 | $110,000 |
| White |
281 | $52,937,000 |
$188,000 | $712,000 |
$112,000 | $984,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
312 | $57,816,000 |
$185,000 | $712,000 |
$112,000 | $984,000 |
| 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 |
22 | $4,528,000 |
$205,000 | $417,000 |
$101,000 | $242,000 |
| Application Denied By Financial Institution |
6 | $805,000 |
$134,000 | $340,000 |
$106,000 | $169,000 |
| Application Withdrawn By Applicant |
41 | $9,575,000 |
$233,000 | $440,000 |
$142,000 | $984,000 |
| File Closed For Incompleteness |
7 | $1,108,000 |
$158,000 | $372,000 |
$86,000 | $200,000 |
| Loan Originated |
225 | $41,453,000 |
$184,000 | $712,000 |
$109,000 | $976,000 |
| Loan Purchased By The Institution |
11 | $347,000 |
$31,000 | $103,000 |
$87,000 | $285,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
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Mortgage Loan App Totals for BANK OF ANN ARBOR by:
Metropolitan Area And
County
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