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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 MORTGAGE COMPANY
Mortgage Loans and Application Details
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| Mortgage Company Name |
CITIZENS MORTGAGE COMPANY |
| Address | 800 WASHINGTON AVE
WACO, TX 76701 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 993 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $117,562,000 |
| Average Mortgage Loan Amount Applied For | $136,606 |
| Highest Mortgage Loan Amount Applied For | $950,000 |
| Average Applicant Income | $79,500 |
| Highest Applicant Income | $1,000,000 |
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| Home Improvement |
1 | $168,000 |
$168,000 | $168,000 |
$73,000 | $73,000 |
| Home Purchase |
899 | $100,780,000 |
$112,000 | $375,000 |
$74,000 | $1,000,000 |
| Refinancing |
93 | $16,614,000 |
$178,000 | $950,000 |
$103,000 | $476,000 |
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| American Indian or Alaskan Native |
7 | $604,000 |
$86,000 | $161,000 |
$85,000 | $127,000 |
| Asian |
10 | $1,670,000 |
$167,000 | $269,000 |
$100,000 | $360,000 |
| Black or African American |
91 | $11,357,000 |
$124,000 | $250,000 |
$64,000 | $342,000 |
| Hispanic |
135 | $14,264,000 |
$105,000 | $374,000 |
$56,000 | $163,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $96,000 |
$96,000 | $96,000 |
$76,000 | $76,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
54 | $6,469,000 |
$119,000 | $417,000 |
$75,000 | $216,000 |
| White |
695 | $83,102,000 |
$119,000 | $950,000 |
$82,000 | $1,000,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
544 | $63,670,000 |
$117,000 | $950,000 |
$91,000 | $1,000,000 |
| FHA-insured (Federal Housing Administration) |
344 | $37,824,000 |
$109,000 | $195,000 |
$54,000 | $343,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
2 | $257,000 |
$128,000 | $135,000 |
$35,000 | $40,000 |
| VA-guaranteed (Veterans Administration) |
103 | $15,811,000 |
$153,000 | $312,000 |
$75,000 | $201,000 |
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| Application Approved But Not Accepted |
6 | $993,000 |
$165,000 | $285,000 |
$224,000 | $1,000,000 |
| Application Denied By Financial Institution |
26 | $3,138,000 |
$120,000 | $225,000 |
$64,000 | $172,000 |
| Application Withdrawn By Applicant |
117 | $14,178,000 |
$121,000 | $437,000 |
$87,000 | $846,000 |
| File Closed For Incompleteness |
7 | $720,000 |
$102,000 | $137,000 |
$57,000 | $101,000 |
| Loan Originated |
837 | $98,533,000 |
$117,000 | $950,000 |
$75,000 | $846,000 |
| 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 |
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 |
5 | $711,000 |
$142,000 | $225,000 |
$39,000 | $83,000 |
| Debt-To-Income Ratio |
2 | $155,000 |
$77,000 | $127,000 |
$104,000 | $172,000 |
| Employment History |
2 | $187,000 |
$93,000 | $138,000 |
$39,000 | $52,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $58,000 |
$58,000 | $58,000 |
$19,000 | $19,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $144,000 |
$144,000 | $144,000 |
$48,000 | $48,000 |
| Unverifiable Information |
2 | $253,000 |
$126,000 | $208,000 |
$87,000 | $144,000 |
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Mortgage Loan App Totals for CITIZENS MORTGAGE COMPANY by:
Metropolitan Area And
County
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