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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 & MERCHANTS BANK AND T
Mortgage Loans and Application Details
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| Mortgage Company Name |
FARMERS & MERCHANTS BANK AND T |
| Address | 59 W WASHINGTON STREET
HAGERSTOWN, MD 21740 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2004 |
| All Data Years | 2003 2004 |
| Total Number of Mortgage Loan Applications Processed | 506 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $59,507,000 |
| Average Mortgage Loan Amount Applied For | $148,000 |
| Highest Mortgage Loan Amount Applied For | $1,200,000 |
| Average Applicant Income | $70,370 |
| Highest Applicant Income | $1,200,000 |
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| Home Improvement |
175 | $4,822,000 |
$22,333 | $250,000 |
$52,333 | $600,000 |
| Home Purchase |
204 | $40,736,000 |
$194,833 | $1,200,000 |
$73,000 | $1,200,000 |
| Refinancing |
128 | $14,199,000 |
$110,666 | $800,000 |
$82,000 | $523,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
7 | $1,682,000 |
$242,000 | $556,000 |
$225,000 | $600,000 |
| Black or African American |
8 | $242,000 |
$33,000 | $75,000 |
$43,500 | $72,000 |
| Hispanic |
3 | $406,000 |
$132,500 | $175,000 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
1 | $289,000 |
$289,000 | $289,000 |
$0 | $0 |
| Not applicable |
28 | $5,168,000 |
$155,333 | $800,000 |
$0 | $0 |
| Not Provided |
32 | $6,521,000 |
$170,000 | $1,200,000 |
$121,333 | $460,000 |
| White |
428 | $45,449,000 |
$148,333 | $835,000 |
$55,666 | $1,200,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
506 | $59,717,000 |
$156,000 | $1,200,000 |
$61,833 | $1,200,000 |
| FHA-insured (Federal Housing Administration) |
1 | $40,000 |
$40,000 | $40,000 |
$42,000 | $42,000 |
| 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 |
16 | $1,958,000 |
$81,000 | $375,000 |
$61,000 | $212,000 |
| Application Denied By Financial Institution |
74 | $3,493,000 |
$35,000 | $302,000 |
$31,666 | $162,000 |
| Application Withdrawn By Applicant |
65 | $10,772,000 |
$171,000 | $590,000 |
$59,000 | $359,000 |
| File Closed For Incompleteness |
1 | $50,000 |
$50,000 | $50,000 |
$32,000 | $32,000 |
| Loan Originated |
350 | $43,234,000 |
$144,000 | $1,200,000 |
$93,750 | $1,200,000 |
| 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 |
1 | $250,000 |
$250,000 | $250,000 |
$59,000 | $59,000 |
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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 FARMERS & MERCHANTS BANK AND T by:
Metropolitan Area And
County
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