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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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EASTERN MICH MORTGAGE CO, LLC
Mortgage Loans and Application Details
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| Mortgage Company Name |
EASTERN MICH MORTGAGE CO, LLC |
| Address | 65 N HOWARD AVENUE
CROSWELL, MI 48422 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 75 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $9,802,000 |
| Average Mortgage Loan Amount Applied For | $99,142 |
| Highest Mortgage Loan Amount Applied For | $552,000 |
| Average Applicant Income | $75,857 |
| Highest Applicant Income | $221,000 |
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| Home Improvement |
5 | $314,000 |
$62,000 | $80,000 |
$46,000 | $77,000 |
| Home Purchase |
53 | $7,508,000 |
$141,000 | $552,000 |
$66,000 | $221,000 |
| Refinancing |
40 | $4,474,000 |
$111,000 | $305,000 |
$54,000 | $171,000 |
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| American Indian or Alaskan Native |
1 | $69,000 |
$69,000 | $69,000 |
$25,000 | $25,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
1 | $85,000 |
$85,000 | $85,000 |
$21,000 | $21,000 |
| Hispanic |
3 | $639,000 |
$213,000 | $552,000 |
$61,000 | $113,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $250,000 |
$250,000 | $250,000 |
$70,000 | $70,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1 | $253,000 |
$253,000 | $253,000 |
$0 | $0 |
| White |
91 | $11,000,000 |
$120,000 | $398,000 |
$62,000 | $221,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
98 | $12,296,000 |
$125,000 | $552,000 |
$60,000 | $221,000 |
| 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 |
4 | $657,000 |
$164,000 | $300,000 |
$106,000 | $221,000 |
| Application Denied By Financial Institution |
15 | $2,201,000 |
$146,000 | $552,000 |
$44,000 | $113,000 |
| Application Withdrawn By Applicant |
2 | $322,000 |
$161,000 | $253,000 |
$12,000 | $25,000 |
| File Closed For Incompleteness |
2 | $360,000 |
$180,000 | $250,000 |
$48,000 | $70,000 |
| Loan Originated |
54 | $6,397,000 |
$118,000 | $398,000 |
$69,000 | $205,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
15 | $1,959,000 |
$130,000 | $250,000 |
$52,000 | $145,000 |
| Preapproval Denied by Financial Institution |
6 | $400,000 |
$66,000 | $100,000 |
$33,000 | $46,000 |
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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 EASTERN MICH MORTGAGE CO, LLC by:
Metropolitan Area And
County
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