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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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CITIZENS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
CITIZENS BANK |
| Address | 33 N. INDIANA ST.
MOORESVILLE, IN 46158 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 280 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $30,807,000 |
| Average Mortgage Loan Amount Applied For | $154,818 |
| Highest Mortgage Loan Amount Applied For | $835,000 |
| Average Applicant Income | $65,000 |
| Highest Applicant Income | $420,000 |
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| Home Improvement |
64 | $3,767,000 |
$58,000 | $480,000 |
$73,000 | $246,000 |
| Home Purchase |
205 | $23,957,000 |
$116,000 | $800,000 |
$54,000 | $346,000 |
| Refinancing |
105 | $12,368,000 |
$117,000 | $835,000 |
$75,000 | $420,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
7 | $468,000 |
$66,000 | $185,000 |
$82,000 | $134,000 |
| Hispanic |
2 | $130,000 |
$65,000 | $71,000 |
$23,000 | $28,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
9 | $2,364,000 |
$262,000 | $645,000 |
$0 | $0 |
| Not Provided |
5 | $558,000 |
$111,000 | $153,000 |
$47,000 | $101,000 |
| White |
351 | $36,572,000 |
$104,000 | $835,000 |
$65,000 | $420,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
365 | $39,154,000 |
$107,000 | $835,000 |
$64,000 | $420,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
9 | $938,000 |
$104,000 | $153,000 |
$49,000 | $79,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
6 | $475,000 |
$79,000 | $157,000 |
$48,000 | $78,000 |
| Application Denied By Financial Institution |
33 | $4,096,000 |
$124,000 | $600,000 |
$50,000 | $164,000 |
| Application Withdrawn By Applicant |
20 | $1,983,000 |
$99,000 | $350,000 |
$57,000 | $99,000 |
| File Closed For Incompleteness |
9 | $1,119,000 |
$124,000 | $175,000 |
$61,000 | $108,000 |
| Loan Originated |
223 | $24,466,000 |
$109,000 | $835,000 |
$73,000 | $420,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
29 | $2,624,000 |
$90,000 | $160,000 |
$49,000 | $166,000 |
| Preapproval Denied by Financial Institution |
54 | $5,329,000 |
$98,000 | $303,000 |
$43,000 | $101,000 |
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| Collateral |
9 | $1,116,000 |
$124,000 | $279,000 |
$66,000 | $164,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
41 | $3,744,000 |
$91,000 | $200,000 |
$44,000 | $101,000 |
| Debt-To-Income Ratio |
33 | $4,200,000 |
$127,000 | $600,000 |
$39,000 | $123,000 |
| Employment History |
2 | $190,000 |
$95,000 | $100,000 |
$65,000 | $90,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $90,000 |
$90,000 | $90,000 |
$49,000 | $49,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $85,000 |
$85,000 | $85,000 |
$79,000 | $79,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for CITIZENS BANK by:
Metropolitan Area And
County
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