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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 WASHTENAW
Mortgage Loans and Application Details
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| Mortgage Company Name |
BANK OF WASHTENAW |
| Address | 250 W Eisenhower Suite 100
Ann Arbor, MI 48103 |
| Agency | Federal Reserve System (FRS) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 14 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $3,885,000 |
| Average Mortgage Loan Amount Applied For | $355,400 |
| Highest Mortgage Loan Amount Applied For | $648,000 |
| Average Applicant Income | $181,600 |
| Highest Applicant Income | $463,000 |
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| Home Improvement (one-to-four family) |
1 | $10,000 |
$10,000 | $10,000 |
$55,000 | $55,000 |
| Home Purchase (one-to-four family) |
6 | $1,470,000 |
$269,500 | $329,000 |
$216,500 | $463,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
4 | $1,182,000 |
$295,000 | $515,000 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
3 | $1,223,000 |
$407,000 | $648,000 |
$123,000 | $146,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian or Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Information not provided by applicant in mail or telephone application |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
4 | $1,634,000 |
$408,000 | $648,000 |
$48,000 | $146,000 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
10 | $2,251,000 |
$261,500 | $329,000 |
$177,500 | $463,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
14 | $3,885,000 |
$291,000 | $648,000 |
$164,000 | $463,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
14 | $3,885,000 |
$291,000 | $648,000 |
$164,000 | $463,000 |
| 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 |
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 WASHTENAW by:
Metropolitan Area And
County
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