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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 CORP.
Mortgage Loans and Application Details
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| Mortgage Company Name |
CITIZENS MORTGAGE CORP. |
| Address | 10 TRIPPS LANE
RIVERSIDE, RI 02915 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 40 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $12,662,000 |
| Average Mortgage Loan Amount Applied For | $349,045 |
| Highest Mortgage Loan Amount Applied For | $2,400,000 |
| Average Applicant Income | $188,545 |
| Highest Applicant Income | $1,335,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
32 | $9,180,000 |
$286,000 | $2,400,000 |
$147,000 | $1,335,000 |
| Refinancing |
8 | $3,482,000 |
$435,000 | $1,700,000 |
$192,000 | $516,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $667,000 |
$333,000 | $593,000 |
$127,000 | $127,000 |
| Black or African American |
4 | $501,000 |
$125,000 | $150,000 |
$51,000 | $86,000 |
| Hispanic |
3 | $626,000 |
$208,000 | $360,000 |
$76,000 | $162,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $360,000 |
$360,000 | $360,000 |
$227,000 | $227,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
2 | $730,000 |
$365,000 | $500,000 |
$292,000 | $448,000 |
| White |
28 | $9,778,000 |
$349,000 | $2,400,000 |
$170,000 | $1,335,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
36 | $12,171,000 |
$338,000 | $2,400,000 |
$170,000 | $1,335,000 |
| FHA-insured (Federal Housing Administration) |
4 | $491,000 |
$122,000 | $236,000 |
$33,000 | $58,000 |
| 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 |
14 | $5,097,000 |
$364,000 | $1,700,000 |
$189,000 | $516,000 |
| Application Denied By Financial Institution |
2 | $2,481,000 |
$1,240,000 | $2,400,000 |
$683,000 | $1,335,000 |
| Application Withdrawn By Applicant |
12 | $2,613,000 |
$217,000 | $405,000 |
$92,000 | $239,000 |
| File Closed For Incompleteness |
2 | $190,000 |
$95,000 | $160,000 |
$24,000 | $39,000 |
| Loan Originated |
10 | $2,281,000 |
$228,000 | $600,000 |
$108,000 | $222,000 |
| 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 |
1 | $2,400,000 |
$2,400,000 | $2,400,000 |
$1,335,000 | $1,335,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
1 | $81,000 |
$81,000 | $81,000 |
$32,000 | $32,000 |
| 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 CITIZENS MORTGAGE CORP. by:
Metropolitan Area And
County
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