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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 LENAWEE
Mortgage Loans and Application Details
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| Mortgage Company Name |
BANK OF LENAWEE |
| Address | 135 E Maumee St
Adrian, MI 49221 |
| Agency | Federal Reserve System (FRS) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 153 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $6,331,000 |
| Average Mortgage Loan Amount Applied For | $60,000 |
| Highest Mortgage Loan Amount Applied For | $876,000 |
| Average Applicant Income | $36,000 |
| Highest Applicant Income | $525,000 |
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| Home Improvement (one-to-four family) |
96 | $1,514,000 |
$15,000 | $118,000 |
$35,000 | $135,000 |
| Home Purchase (one-to-four family) |
24 | $977,000 |
$47,500 | $154,000 |
$43,000 | $262,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
3 | $1,438,000 |
$479,000 | $876,000 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
30 | $2,402,000 |
$80,000 | $576,000 |
$45,000 | $525,000 |
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| American Indian or Alaskan Native |
1 | $13,000 |
$13,000 | $13,000 |
$81,000 | $81,000 |
| Asian or Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black |
2 | $177,000 |
$88,000 | $154,000 |
$61,000 | $95,000 |
| Hispanic |
5 | $98,000 |
$19,000 | $40,000 |
$37,000 | $62,000 |
| Information not provided by applicant in mail or telephone application |
14 | $288,000 |
$20,000 | $85,000 |
$38,000 | $84,000 |
| Not applicable |
7 | $2,173,000 |
$310,000 | $876,000 |
$7,000 | $118,000 |
| Other |
1 | $15,000 |
$15,000 | $15,000 |
$48,000 | $48,000 |
| White |
123 | $3,567,000 |
$41,500 | $262,000 |
$38,500 | $525,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
153 | $6,331,000 |
$48,000 | $876,000 |
$39,500 | $525,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
34 | $565,000 |
$16,000 | $85,000 |
$34,000 | $115,000 |
| Application Withdrawn By Applicant |
4 | $68,000 |
$17,000 | $60,000 |
$24,000 | $37,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
115 | $5,698,000 |
$52,000 | $876,000 |
$42,000 | $525,000 |
| Loan Purchased By The 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 |
12 | $156,000 |
$13,000 | $30,000 |
$30,000 | $53,000 |
| Debt-To-Income Ratio |
20 | $378,000 |
$18,000 | $85,000 |
$37,000 | $115,000 |
| Employment History |
1 | $8,000 |
$8,000 | $8,000 |
$25,000 | $25,000 |
| 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 | $23,000 |
$23,000 | $23,000 |
$23,000 | $23,000 |
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Mortgage Loan App Totals for BANK OF LENAWEE by:
Metropolitan Area And
County
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