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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
Mortgage Loans and Application Details
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| Mortgage Company Name |
FARMERS & MERCHANTS BANK |
| Address | P. O. BOX 295
CRESCENT, OK 73028 |
| Agency | Federal Reserve System (FRS) |
| Year | 2004 |
| All Data Years | 2003 2004 |
| Total Number of Mortgage Loan Applications Processed | 83 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $3,721,000 |
| Average Mortgage Loan Amount Applied For | $44,000 |
| Highest Mortgage Loan Amount Applied For | $161,000 |
| Average Applicant Income | $62,625 |
| Highest Applicant Income | $260,000 |
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| Home Improvement |
9 | $237,000 |
$26,000 | $83,000 |
$41,000 | $94,000 |
| Home Purchase |
32 | $1,398,000 |
$43,000 | $100,000 |
$49,000 | $108,000 |
| Refinancing |
42 | $2,086,000 |
$49,000 | $161,000 |
$58,000 | $260,000 |
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| American Indian or Alaskan Native |
3 | $88,000 |
$29,000 | $55,000 |
$39,000 | $103,000 |
| Asian |
9 | $499,000 |
$55,000 | $70,000 |
$64,000 | $84,000 |
| Black or African American |
2 | $21,000 |
$10,000 | $20,000 |
$19,000 | $30,000 |
| Hispanic |
1 | $20,000 |
$20,000 | $20,000 |
$25,000 | $25,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
2 | $144,000 |
$72,000 | $92,000 |
$31,000 | $62,000 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
66 | $2,949,000 |
$44,000 | $161,000 |
$56,000 | $260,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
83 | $3,721,000 |
$44,000 | $161,000 |
$51,000 | $260,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
16 | $517,000 |
$32,000 | $100,000 |
$35,000 | $104,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
67 | $3,204,000 |
$47,000 | $161,000 |
$65,000 | $260,000 |
| 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 | $87,000 |
$87,000 | $87,000 |
$35,000 | $35,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
3 | $135,000 |
$45,000 | $100,000 |
$43,000 | $71,000 |
| 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 |
1 | $25,000 |
$25,000 | $25,000 |
$47,000 | $47,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FARMERS & MERCHANTS BANK by:
Metropolitan Area And
County
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