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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 MORTGAGE COMP
Mortgage Loans and Application Details
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| Mortgage Company Name |
COMMUNITY SHORES MORTGAGE COMP |
| Address | 1030 W NORTON AVE
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 | 51 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $6,465,000 |
| Average Mortgage Loan Amount Applied For | $157,000 |
| Highest Mortgage Loan Amount Applied For | $508,000 |
| Average Applicant Income | $117,142 |
| Highest Applicant Income | $333,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
25 | $2,818,000 |
$112,000 | $231,000 |
$60,000 | $200,000 |
| Refinancing |
31 | $4,227,000 |
$136,000 | $508,000 |
$86,000 | $333,000 |
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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 |
2 | $184,000 |
$92,000 | $126,000 |
$37,000 | $46,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
1 | $66,000 |
$66,000 | $66,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
53 | $6,795,000 |
$128,000 | $508,000 |
$77,000 | $333,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
56 | $7,045,000 |
$125,000 | $508,000 |
$75,000 | $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 |
4 | $490,000 |
$122,000 | $148,000 |
$61,000 | $110,000 |
| Application Withdrawn By Applicant |
6 | $905,000 |
$150,000 | $250,000 |
$53,000 | $71,000 |
| File Closed For Incompleteness |
2 | $300,000 |
$150,000 | $235,000 |
$123,000 | $211,000 |
| Loan Originated |
40 | $4,926,000 |
$123,000 | $508,000 |
$80,000 | $333,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
2 | $234,000 |
$117,000 | $144,000 |
$53,000 | $54,000 |
| Preapproval Denied by Financial Institution |
2 | $190,000 |
$95,000 | $100,000 |
$26,000 | $28,000 |
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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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 MORTGAGE COMP by:
Metropolitan Area And
County
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