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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 | 15226 HANOVER PIKE
UPPERCO, MD 21155 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 148 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $36,235,000 |
| Average Mortgage Loan Amount Applied For | $373,937 |
| Highest Mortgage Loan Amount Applied For | $2,100,000 |
| Average Applicant Income | $141,687 |
| Highest Applicant Income | $1,219,000 |
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| Home Improvement |
23 | $4,596,000 |
$199,000 | $500,000 |
$53,000 | $135,000 |
| Home Purchase |
62 | $17,839,000 |
$287,000 | $2,100,000 |
$100,000 | $700,000 |
| Refinancing |
63 | $13,800,000 |
$219,000 | $1,700,000 |
$98,000 | $1,219,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
3 | $2,488,000 |
$829,000 | $2,100,000 |
$90,000 | $192,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
1 | $212,000 |
$212,000 | $212,000 |
$80,000 | $80,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
7 | $3,300,000 |
$471,000 | $1,600,000 |
$0 | $0 |
| Not Provided |
1 | $280,000 |
$280,000 | $280,000 |
$167,000 | $167,000 |
| White |
136 | $29,955,000 |
$220,000 | $1,700,000 |
$96,000 | $1,219,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
147 | $36,053,000 |
$245,000 | $2,100,000 |
$92,000 | $1,219,000 |
| FHA-insured (Federal Housing Administration) |
1 | $182,000 |
$182,000 | $182,000 |
$38,000 | $38,000 |
| 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 |
5 | $1,426,000 |
$285,000 | $450,000 |
$52,000 | $135,000 |
| Application Denied By Financial Institution |
19 | $5,975,000 |
$314,000 | $2,100,000 |
$73,000 | $192,000 |
| Application Withdrawn By Applicant |
25 | $5,776,000 |
$231,000 | $626,000 |
$80,000 | $207,000 |
| File Closed For Incompleteness |
8 | $2,002,000 |
$250,000 | $310,000 |
$77,000 | $131,000 |
| Loan Originated |
91 | $21,056,000 |
$231,000 | $1,700,000 |
$102,000 | $1,219,000 |
| 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 |
4 | $1,231,000 |
$307,000 | $470,000 |
$92,000 | $131,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
9 | $1,602,000 |
$178,000 | $415,000 |
$60,000 | $121,000 |
| Debt-To-Income Ratio |
4 | $2,509,000 |
$627,000 | $2,100,000 |
$83,000 | $192,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
2 | $633,000 |
$316,000 | $368,000 |
$77,000 | $96,000 |
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Mortgage Loan App Totals for FARMERS & MERCHANTS BANK by:
Metropolitan Area And
County
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