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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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FARMERS AND MERCHANTS TRUST
Mortgage Loans and Application Details
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| Mortgage Company Name |
FARMERS AND MERCHANTS TRUST |
| Address | 20 S MAIN ST
CHAMBERSBURG, PA 17201 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 589 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $54,885,000 |
| Average Mortgage Loan Amount Applied For | $95,125 |
| Highest Mortgage Loan Amount Applied For | $924,000 |
| Average Applicant Income | $79,250 |
| Highest Applicant Income | $1,973,000 |
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| Home Improvement |
143 | $9,298,000 |
$65,000 | $924,000 |
$77,000 | $511,000 |
| Home Purchase |
153 | $19,808,000 |
$129,000 | $516,000 |
$79,000 | $1,973,000 |
| Refinancing |
294 | $25,901,000 |
$88,000 | $417,000 |
$69,000 | $838,000 |
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| American Indian or Alaskan Native |
1 | $102,000 |
$102,000 | $102,000 |
$42,000 | $42,000 |
| Asian |
2 | $333,000 |
$166,000 | $283,000 |
$260,000 | $508,000 |
| Black or African American |
4 | $359,000 |
$89,000 | $200,000 |
$59,000 | $102,000 |
| Hispanic |
23 | $2,371,000 |
$103,000 | $390,000 |
$61,000 | $350,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
6 | $486,000 |
$81,000 | $150,000 |
$35,000 | $85,000 |
| White |
554 | $51,356,000 |
$92,000 | $924,000 |
$74,000 | $1,973,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
588 | $54,726,000 |
$93,000 | $924,000 |
$74,000 | $1,973,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
2 | $281,000 |
$140,000 | $147,000 |
$36,000 | $39,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
2 | $294,000 |
$147,000 | $160,000 |
$30,000 | $33,000 |
| Application Denied By Financial Institution |
59 | $4,262,000 |
$72,000 | $306,000 |
$42,000 | $119,000 |
| Application Withdrawn By Applicant |
21 | $2,178,000 |
$103,000 | $318,000 |
$80,000 | $275,000 |
| File Closed For Incompleteness |
1 | $95,000 |
$95,000 | $95,000 |
$71,000 | $71,000 |
| Loan Originated |
507 | $48,178,000 |
$95,000 | $924,000 |
$77,000 | $1,973,000 |
| 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 |
5 | $537,000 |
$107,000 | $306,000 |
$53,000 | $77,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
27 | $2,004,000 |
$74,000 | $270,000 |
$42,000 | $119,000 |
| Debt-To-Income Ratio |
21 | $1,466,000 |
$69,000 | $254,000 |
$37,000 | $109,000 |
| Employment History |
2 | $53,000 |
$26,000 | $48,000 |
$45,000 | $51,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $125,000 |
$125,000 | $125,000 |
$75,000 | $75,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FARMERS AND MERCHANTS TRUST by:
Metropolitan Area And
County
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