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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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EXCHANGE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
EXCHANGE BANK |
| Address | 235 MAIN STREET
LUCKEY, OH 43443 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 109 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $14,345,000 |
| Average Mortgage Loan Amount Applied For | $167,818 |
| Highest Mortgage Loan Amount Applied For | $1,495,000 |
| Average Applicant Income | $47,363 |
| Highest Applicant Income | $382,000 |
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| Home Improvement |
5 | $155,000 |
$31,000 | $70,000 |
$49,000 | $118,000 |
| Home Purchase |
99 | $13,076,000 |
$132,000 | $1,495,000 |
$47,000 | $382,000 |
| Refinancing |
37 | $4,028,000 |
$108,000 | $365,000 |
$61,000 | $248,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $114,000 |
$114,000 | $114,000 |
$45,000 | $45,000 |
| Black or African American |
3 | $330,000 |
$110,000 | $155,000 |
$77,000 | $108,000 |
| Hispanic |
6 | $493,000 |
$82,000 | $194,000 |
$41,000 | $59,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
2 | $2,335,000 |
$1,167,000 | $1,495,000 |
$0 | $0 |
| Not Provided |
16 | $241,000 |
$15,000 | $44,000 |
$34,000 | $118,000 |
| White |
113 | $13,746,000 |
$121,000 | $560,000 |
$54,000 | $382,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
139 | $16,971,000 |
$122,000 | $1,495,000 |
$51,000 | $382,000 |
| FHA-insured (Federal Housing Administration) |
2 | $288,000 |
$144,000 | $183,000 |
$44,000 | $57,000 |
| 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 |
2 | $331,000 |
$165,000 | $170,000 |
$79,000 | $106,000 |
| Application Denied By Financial Institution |
25 | $2,084,000 |
$83,000 | $365,000 |
$41,000 | $118,000 |
| Application Withdrawn By Applicant |
27 | $3,341,000 |
$123,000 | $247,000 |
$50,000 | $92,000 |
| File Closed For Incompleteness |
1 | $147,000 |
$147,000 | $147,000 |
$46,000 | $46,000 |
| Loan Originated |
57 | $8,671,000 |
$152,000 | $1,495,000 |
$67,000 | $382,000 |
| 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 |
29 | $2,685,000 |
$92,000 | $370,000 |
$27,000 | $102,000 |
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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 EXCHANGE BANK by:
Metropolitan Area And
County
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