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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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CHEMICAL BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
CHEMICAL BANK |
| Address | 333 E MAIN STREET
MIDLAND, MI 48640 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 4,910 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $441,558,000 |
| Average Mortgage Loan Amount Applied For | $124,582 |
| Highest Mortgage Loan Amount Applied For | $6,800,000 |
| Average Applicant Income | $90,291 |
| Highest Applicant Income | $1,775,000 |
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| Home Improvement |
1,203 | $30,672,000 |
$25,000 | $650,000 |
$58,000 | $1,635,000 |
| Home Purchase |
1,486 | $205,417,000 |
$138,000 | $6,800,000 |
$72,000 | $1,775,000 |
| Refinancing |
2,222 | $205,539,000 |
$92,000 | $3,195,000 |
$64,000 | $1,000,000 |
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| American Indian or Alaskan Native |
12 | $664,000 |
$55,000 | $225,000 |
$61,000 | $98,000 |
| Asian |
32 | $5,613,000 |
$175,000 | $850,000 |
$127,000 | $400,000 |
| Black or African American |
74 | $4,248,000 |
$57,000 | $289,000 |
$55,000 | $306,000 |
| Hispanic |
142 | $7,905,000 |
$55,000 | $248,000 |
$45,000 | $210,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $119,000 |
$59,000 | $84,000 |
$52,000 | $72,000 |
| Not applicable |
111 | $27,703,000 |
$249,000 | $6,800,000 |
$3,000 | $356,000 |
| Not Provided |
79 | $3,854,000 |
$48,000 | $650,000 |
$75,000 | $1,497,000 |
| White |
4,459 | $391,522,000 |
$87,000 | $1,843,000 |
$67,000 | $1,775,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
4,786 | $430,637,000 |
$89,000 | $6,800,000 |
$66,000 | $1,775,000 |
| FHA-insured (Federal Housing Administration) |
50 | $4,888,000 |
$97,000 | $182,000 |
$39,000 | $105,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
75 | $6,103,000 |
$81,000 | $156,000 |
$29,000 | $64,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
208 | $19,668,000 |
$94,000 | $1,000,000 |
$75,000 | $501,000 |
| Application Denied By Financial Institution |
622 | $34,543,000 |
$55,000 | $800,000 |
$48,000 | $1,635,000 |
| Application Withdrawn By Applicant |
186 | $21,309,000 |
$114,000 | $1,000,000 |
$69,000 | $668,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
3,894 | $366,038,000 |
$94,000 | $6,800,000 |
$67,000 | $1,775,000 |
| 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 |
1 | $70,000 |
$70,000 | $70,000 |
$23,000 | $23,000 |
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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 CHEMICAL BANK by:
Metropolitan Area And
County
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