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| $5,279,183,286,000 in Mortgage Loans Applied for in 2007 from 26,605,695 Applications |
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FARMERS & MERCHANTS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
FARMERS & MERCHANTS BANK |
| Address | 15226 HANOVER PIKE
UPPERCO, MD 21155 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2007 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 |
| Total Number of Mortgage Loan Applications Processed | 123 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $32,458,000 |
| Average Mortgage Loan Amount Applied For | $306,833 |
| Highest Mortgage Loan Amount Applied For | $2,000,000 |
| Average Applicant Income | $192,666 |
| Highest Applicant Income | $1,000,000 |
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| Home Improvement |
16 | $3,142,000 |
$196,000 | $449,000 |
$80,000 | $209,000 |
| Home Purchase |
38 | $12,430,000 |
$327,000 | $2,000,000 |
$134,000 | $1,000,000 |
| Refinancing |
69 | $16,886,000 |
$244,000 | $712,000 |
$96,000 | $863,000 |
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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 | $553,000 |
$276,000 | $403,000 |
$97,000 | $120,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
2 | $1,121,000 |
$560,000 | $900,000 |
$0 | $0 |
| Not Provided |
1 | $310,000 |
$310,000 | $310,000 |
$88,000 | $88,000 |
| White |
118 | $30,474,000 |
$258,000 | $2,000,000 |
$108,000 | $1,000,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
121 | $32,224,000 |
$266,000 | $2,000,000 |
$107,000 | $1,000,000 |
| FHA-insured (Federal Housing Administration) |
2 | $234,000 |
$117,000 | $135,000 |
$44,000 | $62,000 |
| 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 |
6 | $4,092,000 |
$682,000 | $2,000,000 |
$128,000 | $164,000 |
| Application Denied By Financial Institution |
19 | $4,761,000 |
$250,000 | $500,000 |
$79,000 | $233,000 |
| Application Withdrawn By Applicant |
22 | $5,293,000 |
$240,000 | $712,000 |
$145,000 | $1,000,000 |
| File Closed For Incompleteness |
5 | $1,701,000 |
$340,000 | $537,000 |
$98,000 | $160,000 |
| Loan Originated |
71 | $16,611,000 |
$233,000 | $900,000 |
$99,000 | $863,000 |
| 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 | $221,000 |
$221,000 | $221,000 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
6 | $959,000 |
$159,000 | $225,000 |
$66,000 | $106,000 |
| Debt-To-Income Ratio |
10 | $3,081,000 |
$308,000 | $500,000 |
$97,000 | $233,000 |
| 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 |
1 | $200,000 |
$200,000 | $200,000 |
$57,000 | $57,000 |
| Unverifiable Information |
1 | $300,000 |
$300,000 | $300,000 |
$75,000 | $75,000 |
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Mortgage Loan App Totals for FARMERS & MERCHANTS BANK by:
Metropolitan Area And
County
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