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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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FIFTH THIRD BANK MICHIGAN
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIFTH THIRD BANK MICHIGAN |
| Address | 5001 KINGSLEY DRIVE MD 1MOB2W
CINCINNATI, OH 45227 |
| Agency | Federal Reserve System (FRS) |
| Year | 2007 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 |
| Total Number of Mortgage Loan Applications Processed | 16,304 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $1,343,116,000 |
| Average Mortgage Loan Amount Applied For | $72,766 |
| Highest Mortgage Loan Amount Applied For | $8,750,000 |
| Average Applicant Income | $81,425 |
| Highest Applicant Income | $5,400,000 |
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| Home Improvement |
3,871 | $168,903,000 |
$43,000 | $1,927,000 |
$70,000 | $1,371,000 |
| Home Purchase |
2,358 | $142,651,000 |
$60,000 | $4,000,000 |
$99,000 | $5,400,000 |
| Refinancing |
10,075 | $1,031,562,000 |
$102,000 | $8,750,000 |
$75,000 | $2,929,000 |
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| American Indian or Alaskan Native |
152 | $15,386,000 |
$101,000 | $417,000 |
$76,000 | $407,000 |
| Asian |
250 | $25,708,000 |
$102,000 | $430,000 |
$107,000 | $906,000 |
| Black or African American |
794 | $58,141,000 |
$73,000 | $417,000 |
$63,000 | $810,000 |
| Hispanic |
1,036 | $112,454,000 |
$108,000 | $824,000 |
$66,000 | $5,400,000 |
| Native Hawaiin or Other Pacific Islander |
22 | $3,890,000 |
$176,000 | $500,000 |
$69,000 | $132,000 |
| Not applicable |
98 | $53,939,000 |
$550,000 | $8,750,000 |
$0 | $0 |
| Not Provided |
2,238 | $166,021,000 |
$74,000 | $526,000 |
$84,000 | $1,284,000 |
| White |
11,714 | $907,577,000 |
$77,000 | $4,000,000 |
$78,000 | $2,929,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
16,304 | $1,343,116,000 |
$82,000 | $8,750,000 |
$77,000 | $5,400,000 |
| 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 |
602 | $46,879,000 |
$77,000 | $1,000,000 |
$81,000 | $678,000 |
| Application Denied By Financial Institution |
7,753 | $702,841,000 |
$90,000 | $4,000,000 |
$71,000 | $1,284,000 |
| Application Withdrawn By Applicant |
1,261 | $110,834,000 |
$87,000 | $600,000 |
$90,000 | $1,000,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
6,688 | $482,562,000 |
$72,000 | $8,750,000 |
$83,000 | $5,400,000 |
| 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 |
960 | $88,776,000 |
$92,000 | $4,000,000 |
$88,000 | $990,000 |
| Credit Application Incomplete |
441 | $39,689,000 |
$89,000 | $700,000 |
$91,000 | $1,284,000 |
| Credit History |
2,772 | $211,973,000 |
$76,000 | $526,000 |
$66,000 | $971,000 |
| Debt-To-Income Ratio |
2,172 | $239,676,000 |
$110,000 | $2,700,000 |
$55,000 | $384,000 |
| Employment History |
72 | $7,676,000 |
$106,000 | $428,000 |
$76,000 | $320,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
719 | $62,003,000 |
$86,000 | $417,000 |
$81,000 | $500,000 |
| Unverifiable Information |
617 | $53,048,000 |
$85,000 | $425,000 |
$90,000 | $474,000 |
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Mortgage Loan App Totals for FIFTH THIRD BANK MICHIGAN by:
Metropolitan Area And
County
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