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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 ELMWOOD
Mortgage Loans and Application Details
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| Mortgage Company Name |
BANK OF ELMWOOD |
| Address | 2704 LATHROP AVENUE
RACINE, WI 53405 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 721 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $78,200,000 |
| Average Mortgage Loan Amount Applied For | $105,500 |
| Highest Mortgage Loan Amount Applied For | $931,000 |
| Average Applicant Income | $61,500 |
| Highest Applicant Income | $397,000 |
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| Home Improvement |
61 | $1,673,000 |
$27,000 | $370,000 |
$48,000 | $135,000 |
| Home Purchase |
491 | $54,559,000 |
$111,000 | $2,838,000 |
$58,000 | $636,000 |
| Refinancing |
289 | $39,711,000 |
$137,000 | $931,000 |
$64,000 | $383,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
3 | $553,000 |
$184,000 | $298,000 |
$117,000 | $154,000 |
| Black or African American |
91 | $8,884,000 |
$97,000 | $280,000 |
$58,000 | $262,000 |
| Hispanic |
158 | $14,857,000 |
$94,000 | $313,000 |
$41,000 | $127,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
5 | $878,000 |
$175,000 | $560,000 |
$0 | $0 |
| Not Provided |
18 | $1,272,000 |
$70,000 | $259,000 |
$52,000 | $118,000 |
| White |
566 | $69,499,000 |
$122,000 | $2,838,000 |
$65,000 | $636,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
841 | $95,943,000 |
$114,000 | $2,838,000 |
$59,000 | $636,000 |
| 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 |
14 | $2,423,000 |
$173,000 | $448,000 |
$65,000 | $145,000 |
| Application Denied By Financial Institution |
111 | $8,137,000 |
$73,000 | $330,000 |
$45,000 | $262,000 |
| Application Withdrawn By Applicant |
135 | $17,187,000 |
$127,000 | $436,000 |
$64,000 | $303,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
503 | $59,878,000 |
$119,000 | $2,838,000 |
$64,000 | $636,000 |
| 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 |
78 | $8,318,000 |
$106,000 | $280,000 |
$35,000 | $124,000 |
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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 ELMWOOD by:
Metropolitan Area And
County
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