|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
FIRST MERCHANTS BANK NA
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
FIRST MERCHANTS BANK NA |
| Address | 9301 SOUTH INNOVATION DRIVE
DALEVILLE, IN 47334 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 430 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $25,161,000 |
| Average Mortgage Loan Amount Applied For | $39,444 |
| Highest Mortgage Loan Amount Applied For | $750,000 |
| Average Applicant Income | $72,555 |
| Highest Applicant Income | $542,000 |
|
|
|
| Home Improvement |
138 | $2,708,000 |
$19,000 | $152,000 |
$72,000 | $542,000 |
| Home Purchase |
89 | $8,461,000 |
$95,000 | $750,000 |
$75,000 | $303,000 |
| Refinancing |
205 | $14,176,000 |
$69,000 | $344,000 |
$67,000 | $419,000 |
|
|
| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $27,000 |
$27,000 | $27,000 |
$126,000 | $126,000 |
| Black or African American |
14 | $277,000 |
$19,000 | $60,000 |
$43,000 | $120,000 |
| Hispanic |
6 | $359,000 |
$59,000 | $217,000 |
$134,000 | $212,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $4,000 |
$4,000 | $4,000 |
$70,000 | $70,000 |
| Not applicable |
4 | $263,000 |
$65,000 | $85,000 |
$0 | $0 |
| Not Provided |
7 | $1,252,000 |
$178,000 | $750,000 |
$57,000 | $204,000 |
| White |
399 | $23,163,000 |
$58,000 | $378,000 |
$71,000 | $542,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
430 | $25,212,000 |
$58,000 | $750,000 |
$70,000 | $542,000 |
| FHA-insured (Federal Housing Administration) |
2 | $133,000 |
$66,000 | $70,000 |
$68,000 | $111,000 |
| 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 |
|
|
| Application Approved But Not Accepted |
8 | $206,000 |
$25,000 | $86,000 |
$57,000 | $162,000 |
| Application Denied By Financial Institution |
50 | $1,642,000 |
$32,000 | $160,000 |
$48,000 | $126,000 |
| Application Withdrawn By Applicant |
41 | $4,788,000 |
$116,000 | $750,000 |
$79,000 | $298,000 |
| File Closed For Incompleteness |
3 | $252,000 |
$84,000 | $130,000 |
$39,000 | $61,000 |
| Loan Originated |
327 | $18,228,000 |
$55,000 | $344,000 |
$74,000 | $542,000 |
| Loan Purchased By The Institution |
1 | $43,000 |
$43,000 | $43,000 |
$0 | $0 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
2 | $186,000 |
$93,000 | $124,000 |
$34,000 | $43,000 |
|
|
| Collateral |
8 | $408,000 |
$51,000 | $160,000 |
$59,000 | $105,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
27 | $664,000 |
$24,000 | $124,000 |
$46,000 | $126,000 |
| Debt-To-Income Ratio |
12 | $376,000 |
$31,000 | $121,000 |
$47,000 | $108,000 |
| 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 |
5 | $380,000 |
$76,000 | $110,000 |
$45,000 | $82,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
Mortgage Loan App Totals for FIRST MERCHANTS BANK NA by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
