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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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DEARBORN FEDERAL SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
DEARBORN FEDERAL SAVINGS BANK |
| Address | 22315 MICHIGAN AVENUE
DEARBORN, MI 48124 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 192 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $27,866,000 |
| Average Mortgage Loan Amount Applied For | $261,400 |
| Highest Mortgage Loan Amount Applied For | $3,165,000 |
| Average Applicant Income | $69,000 |
| Highest Applicant Income | $287,000 |
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| Home Improvement |
3 | $301,000 |
$100,000 | $250,000 |
$57,000 | $105,000 |
| Home Purchase |
63 | $10,818,000 |
$171,000 | $1,360,000 |
$71,000 | $287,000 |
| Refinancing |
126 | $16,747,000 |
$132,000 | $3,165,000 |
$73,000 | $285,000 |
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| American Indian or Alaskan Native |
3 | $564,000 |
$188,000 | $316,000 |
$93,000 | $105,000 |
| Asian |
2 | $97,000 |
$48,000 | $77,000 |
$25,000 | $35,000 |
| Black or African American |
2 | $112,000 |
$56,000 | $87,000 |
$50,000 | $69,000 |
| Hispanic |
6 | $805,000 |
$134,000 | $300,000 |
$65,000 | $130,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
39 | $8,737,000 |
$224,000 | $3,165,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
140 | $17,551,000 |
$125,000 | $500,000 |
$93,000 | $287,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
192 | $27,866,000 |
$145,000 | $3,165,000 |
$72,000 | $287,000 |
| 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 |
5 | $565,000 |
$113,000 | $144,000 |
$137,000 | $218,000 |
| Application Denied By Financial Institution |
3 | $570,000 |
$190,000 | $300,000 |
$24,000 | $39,000 |
| Application Withdrawn By Applicant |
9 | $1,178,000 |
$130,000 | $240,000 |
$87,000 | $215,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
175 | $25,553,000 |
$146,000 | $3,165,000 |
$70,000 | $287,000 |
| 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 | $300,000 |
$300,000 | $300,000 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
2 | $270,000 |
$135,000 | $250,000 |
$36,000 | $39,000 |
| 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 DEARBORN FEDERAL SAVINGS BANK by:
Metropolitan Area And
County
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