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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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COMMUNITY BANK OF DEARBORN
Mortgage Loans and Application Details
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| Mortgage Company Name |
COMMUNITY BANK OF DEARBORN |
| Address | 4000 ALLEN RD
ALLEN PARK, MI 48101 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 153 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $30,007,000 |
| Average Mortgage Loan Amount Applied For | $267,416 |
| Highest Mortgage Loan Amount Applied For | $1,625,000 |
| Average Applicant Income | $72,083 |
| Highest Applicant Income | $5,693,000 |
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| Home Improvement |
18 | $1,047,000 |
$58,000 | $160,000 |
$102,000 | $300,000 |
| Home Purchase |
51 | $6,780,000 |
$132,000 | $706,000 |
$4,000 | $111,000 |
| Refinancing |
84 | $22,180,000 |
$264,000 | $1,625,000 |
$130,000 | $5,693,000 |
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| American Indian or Alaskan Native |
1 | $358,000 |
$358,000 | $358,000 |
$698,000 | $698,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
1 | $50,000 |
$50,000 | $50,000 |
$40,000 | $40,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
101 | $22,168,000 |
$219,000 | $1,625,000 |
$0 | $0 |
| Not Provided |
1 | $20,000 |
$20,000 | $20,000 |
$58,000 | $58,000 |
| White |
49 | $7,411,000 |
$151,000 | $710,000 |
$248,000 | $5,693,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
151 | $29,942,000 |
$198,000 | $1,625,000 |
$85,000 | $5,693,000 |
| FHA-insured (Federal Housing Administration) |
2 | $65,000 |
$32,000 | $50,000 |
$37,000 | $40,000 |
| 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 |
2 | $600,000 |
$300,000 | $500,000 |
$102,000 | $205,000 |
| Application Denied By Financial Institution |
11 | $2,660,000 |
$241,000 | $1,525,000 |
$94,000 | $300,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
140 | $26,747,000 |
$191,000 | $1,625,000 |
$83,000 | $5,693,000 |
| 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 |
5 | $650,000 |
$130,000 | $395,000 |
$82,000 | $259,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $1,735,000 |
$867,000 | $1,525,000 |
$0 | $0 |
| Debt-To-Income Ratio |
3 | $225,000 |
$75,000 | $100,000 |
$108,000 | $180,000 |
| 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 |
1 | $50,000 |
$50,000 | $50,000 |
$300,000 | $300,000 |
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Mortgage Loan App Totals for COMMUNITY BANK OF DEARBORN by:
Metropolitan Area And
County
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