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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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EATON FEDERAL SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
EATON FEDERAL SAVINGS BANK |
| Address | 236 SOUTH COCHRAN PO BOX 219
CHARLOTTE, MI 48813 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 434 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $53,787,000 |
| Average Mortgage Loan Amount Applied For | $158,520 |
| Highest Mortgage Loan Amount Applied For | $1,115,000 |
| Average Applicant Income | $94,760 |
| Highest Applicant Income | $296,000 |
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| Home Improvement |
88 | $4,935,000 |
$56,000 | $302,000 |
$60,000 | $182,000 |
| Home Purchase |
282 | $41,643,000 |
$147,000 | $530,000 |
$63,000 | $296,000 |
| Refinancing |
138 | $16,764,000 |
$121,000 | $1,115,000 |
$57,000 | $224,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $24,000 |
$24,000 | $24,000 |
$31,000 | $31,000 |
| Black or African American |
3 | $230,000 |
$76,000 | $120,000 |
$69,000 | $76,000 |
| Hispanic |
12 | $1,351,000 |
$112,000 | $297,000 |
$82,000 | $143,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
19 | $3,250,000 |
$171,000 | $517,000 |
$21,000 | $150,000 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
473 | $58,487,000 |
$123,000 | $1,115,000 |
$62,000 | $296,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
508 | $63,342,000 |
$124,000 | $1,115,000 |
$61,000 | $296,000 |
| 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 |
22 | $3,380,000 |
$153,000 | $520,000 |
$88,000 | $230,000 |
| Application Denied By Financial Institution |
63 | $7,318,000 |
$116,000 | $380,000 |
$52,000 | $169,000 |
| Application Withdrawn By Applicant |
19 | $2,432,000 |
$128,000 | $360,000 |
$44,000 | $113,000 |
| File Closed For Incompleteness |
1 | $100,000 |
$100,000 | $100,000 |
$0 | $0 |
| Loan Originated |
331 | $40,787,000 |
$123,000 | $1,115,000 |
$64,000 | $296,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
38 | $5,253,000 |
$138,000 | $250,000 |
$56,000 | $97,000 |
| Preapproval Denied by Financial Institution |
34 | $4,072,000 |
$119,000 | $375,000 |
$43,000 | $109,000 |
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| Collateral |
5 | $502,000 |
$100,000 | $146,000 |
$63,000 | $150,000 |
| Credit Application Incomplete |
2 | $274,000 |
$137,000 | $159,000 |
$39,000 | $78,000 |
| Credit History |
35 | $3,739,000 |
$106,000 | $243,000 |
$55,000 | $132,000 |
| Debt-To-Income Ratio |
51 | $6,155,000 |
$120,000 | $380,000 |
$43,000 | $169,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $375,000 |
$375,000 | $375,000 |
$102,000 | $102,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $140,000 |
$140,000 | $140,000 |
$29,000 | $29,000 |
| Unverifiable Information |
2 | $205,000 |
$102,000 | $110,000 |
$38,000 | $76,000 |
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Mortgage Loan App Totals for EATON FEDERAL SAVINGS BANK by:
Metropolitan Area And
County
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