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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 SHORES BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
COMMUNITY SHORES BANK |
| Address | 1030 W NORTON, 1030 W NORTON
MUSKEGON, MI 49441 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 111 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $5,092,000 |
| Average Mortgage Loan Amount Applied For | $53,666 |
| Highest Mortgage Loan Amount Applied For | $298,000 |
| Average Applicant Income | $104,000 |
| Highest Applicant Income | $333,000 |
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| Home Improvement |
26 | $666,000 |
$25,000 | $119,000 |
$56,000 | $319,000 |
| Home Purchase |
19 | $759,000 |
$39,000 | $155,000 |
$50,000 | $177,000 |
| Refinancing |
67 | $3,695,000 |
$55,000 | $298,000 |
$71,000 | $333,000 |
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| American Indian or Alaskan Native |
1 | $22,000 |
$22,000 | $22,000 |
$8,000 | $8,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
9 | $327,000 |
$36,000 | $60,000 |
$54,000 | $108,000 |
| Hispanic |
2 | $73,000 |
$36,000 | $50,000 |
$34,000 | $69,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
3 | $295,000 |
$98,000 | $155,000 |
$122,000 | $319,000 |
| Not Provided |
2 | $45,000 |
$22,000 | $27,000 |
$37,000 | $55,000 |
| White |
95 | $4,358,000 |
$45,000 | $298,000 |
$65,000 | $333,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
112 | $5,120,000 |
$45,000 | $298,000 |
$64,000 | $333,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
8 | $367,000 |
$45,000 | $134,000 |
$49,000 | $134,000 |
| Application Withdrawn By Applicant |
1 | $21,000 |
$21,000 | $21,000 |
$14,000 | $14,000 |
| File Closed For Incompleteness |
1 | $26,000 |
$26,000 | $26,000 |
$8,000 | $8,000 |
| Loan Originated |
101 | $4,678,000 |
$46,000 | $298,000 |
$67,000 | $333,000 |
| 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 | $28,000 |
$28,000 | $28,000 |
$25,000 | $25,000 |
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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 |
2 | $24,000 |
$12,000 | $20,000 |
$22,000 | $24,000 |
| 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 COMMUNITY SHORES BANK by:
Metropolitan Area And
County
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