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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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FIRST PLACE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST PLACE BANK |
| Address | 999 E MAIN ST
RAVENNA, OH 44266 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 8,820 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $1,406,722,000 |
| Average Mortgage Loan Amount Applied For | $229,334 |
| Highest Mortgage Loan Amount Applied For | $24,595,000 |
| Average Applicant Income | $107,377 |
| Highest Applicant Income | $9,006,000 |
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| Home Improvement |
194 | $19,420,000 |
$100,000 | $4,650,000 |
$73,000 | $1,595,000 |
| Home Purchase |
6,230 | $1,018,744,000 |
$163,000 | $24,595,000 |
$72,000 | $9,006,000 |
| Refinancing |
2,527 | $385,353,000 |
$152,000 | $6,000,000 |
$69,000 | $1,125,000 |
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| American Indian or Alaskan Native |
8 | $1,126,000 |
$140,000 | $267,000 |
$55,000 | $119,000 |
| Asian |
104 | $24,223,000 |
$232,000 | $1,000,000 |
$91,000 | $1,220,000 |
| Black or African American |
274 | $32,393,000 |
$118,000 | $1,000,000 |
$69,000 | $3,430,000 |
| Hispanic |
253 | $33,872,000 |
$133,000 | $574,000 |
$73,000 | $6,419,000 |
| Native Hawaiin or Other Pacific Islander |
7 | $1,119,000 |
$159,000 | $342,000 |
$47,000 | $118,000 |
| Not applicable |
78 | $84,286,000 |
$1,080,000 | $24,595,000 |
$48,000 | $599,000 |
| Not Provided |
127 | $25,997,000 |
$204,000 | $1,500,000 |
$106,000 | $599,000 |
| White |
8,100 | $1,220,501,000 |
$150,000 | $2,875,000 |
$71,000 | $9,006,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
8,803 | $1,405,475,000 |
$159,000 | $24,595,000 |
$72,000 | $9,006,000 |
| FHA-insured (Federal Housing Administration) |
118 | $13,729,000 |
$116,000 | $236,000 |
$50,000 | $122,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
30 | $4,313,000 |
$143,000 | $341,000 |
$56,000 | $124,000 |
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| Application Approved But Not Accepted |
296 | $79,758,000 |
$269,000 | $24,595,000 |
$74,000 | $448,000 |
| Application Denied By Financial Institution |
423 | $57,746,000 |
$136,000 | $2,414,000 |
$60,000 | $402,000 |
| Application Withdrawn By Applicant |
643 | $107,920,000 |
$167,000 | $2,875,000 |
$79,000 | $960,000 |
| File Closed For Incompleteness |
6 | $1,275,000 |
$212,000 | $417,000 |
$100,000 | $238,000 |
| Loan Originated |
6,150 | $951,740,000 |
$154,000 | $6,000,000 |
$86,000 | $9,006,000 |
| Loan Purchased By The Institution |
1,308 | $209,762,000 |
$160,000 | $1,000,000 |
$4,000 | $420,000 |
| Preapproval Approved but not Accepted |
124 | $15,228,000 |
$122,000 | $350,000 |
$54,000 | $145,000 |
| Preapproval Denied by Financial Institution |
1 | $88,000 |
$88,000 | $88,000 |
$35,000 | $35,000 |
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| Collateral |
55 | $8,821,000 |
$160,000 | $2,414,000 |
$65,000 | $286,000 |
| Credit Application Incomplete |
116 | $16,315,000 |
$140,000 | $666,000 |
$64,000 | $360,000 |
| Credit History |
97 | $10,053,000 |
$103,000 | $468,000 |
$48,000 | $144,000 |
| Debt-To-Income Ratio |
65 | $10,636,000 |
$163,000 | $1,425,000 |
$58,000 | $278,000 |
| Employment History |
8 | $1,055,000 |
$131,000 | $316,000 |
$53,000 | $115,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
22 | $3,083,000 |
$140,000 | $384,000 |
$60,000 | $150,000 |
| Mortgage Insurance Denied |
2 | $178,000 |
$89,000 | $149,000 |
$56,000 | $60,000 |
| Other |
47 | $4,318,000 |
$91,000 | $975,000 |
$72,000 | $402,000 |
| Unverifiable Information |
12 | $3,375,000 |
$281,000 | $800,000 |
$72,000 | $200,000 |
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Mortgage Loan App Totals for FIRST PLACE BANK by:
Metropolitan Area And
County
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