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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 AND MERCHANTS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
FARMERS AND MERCHANTS BANK |
| Address | 6464 MERCHANTS DRIVE, P.O. BOX 158
LAOTTO, IN 46763 |
| 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 | 58 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $6,886,000 |
| Average Mortgage Loan Amount Applied For | $113,800 |
| Highest Mortgage Loan Amount Applied For | $936,000 |
| Average Applicant Income | $56,400 |
| Highest Applicant Income | $240,000 |
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| Home Improvement |
11 | $1,660,000 |
$150,000 | $936,000 |
$67,000 | $240,000 |
| Home Purchase |
28 | $2,671,000 |
$95,000 | $297,000 |
$55,000 | $236,000 |
| Refinancing |
19 | $2,555,000 |
$134,000 | $430,000 |
$72,000 | $144,000 |
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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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
58 | $6,886,000 |
$118,000 | $936,000 |
$63,000 | $240,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
58 | $6,886,000 |
$118,000 | $936,000 |
$63,000 | $240,000 |
| 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 | $447,000 |
$111,000 | $150,000 |
$77,000 | $100,000 |
| Application Denied By Financial Institution |
9 | $683,000 |
$75,000 | $260,000 |
$45,000 | $98,000 |
| Application Withdrawn By Applicant |
1 | $158,000 |
$158,000 | $158,000 |
$38,000 | $38,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
44 | $5,598,000 |
$127,000 | $936,000 |
$66,000 | $240,000 |
| 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 |
2 | $81,000 |
$40,000 | $43,000 |
$42,000 | $43,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
5 | $444,000 |
$88,000 | $260,000 |
$47,000 | $98,000 |
| Debt-To-Income Ratio |
1 | $98,000 |
$98,000 | $98,000 |
$69,000 | $69,000 |
| Employment History |
1 | $60,000 |
$60,000 | $60,000 |
$22,000 | $22,000 |
| 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 FARMERS AND MERCHANTS BANK by:
Metropolitan Area And
County
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