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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 | 2004 |
| All Data Years | 2003 2004 |
| Total Number of Mortgage Loan Applications Processed | 10,397 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $1,504,123,000 |
| Average Mortgage Loan Amount Applied For | $175,513 |
| Highest Mortgage Loan Amount Applied For | $6,830,000 |
| Average Applicant Income | $54,888 |
| Highest Applicant Income | $2,903,000 |
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| Home Improvement |
397 | $49,653,000 |
$97,000 | $1,045,000 |
$76,500 | $618,000 |
| Home Purchase |
6,714 | $963,823,000 |
$189,903 | $6,830,000 |
$71,322 | $2,903,000 |
| Refinancing |
3,429 | $508,033,000 |
$225,400 | $2,437,000 |
$72,400 | $2,176,000 |
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| American Indian or Alaskan Native |
23 | $2,350,000 |
$92,000 | $338,000 |
$70,250 | $184,000 |
| Asian |
185 | $38,601,000 |
$181,833 | $694,000 |
$21,333 | $425,000 |
| Black or African American |
348 | $37,348,000 |
$143,750 | $637,000 |
$88,375 | $305,000 |
| Hispanic |
207 | $30,333,000 |
$185,428 | $575,000 |
$35,000 | $449,000 |
| Native Hawaiin or Other Pacific Islander |
8 | $958,000 |
$103,666 | $357,000 |
$37,000 | $211,000 |
| Not applicable |
103 | $29,161,000 |
$410,500 | $6,830,000 |
$11,000 | $984,000 |
| Not Provided |
1 | $632,000 |
$632,000 | $632,000 |
$180,000 | $180,000 |
| White |
9,665 | $1,382,126,000 |
$197,696 | $2,200,000 |
$69,969 | $2,903,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
10,211 | $1,483,998,000 |
$194,882 | $6,830,000 |
$75,676 | $2,903,000 |
| FHA-insured (Federal Housing Administration) |
298 | $33,142,000 |
$116,250 | $272,000 |
$37,250 | $205,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
31 | $4,369,000 |
$174,333 | $245,000 |
$56,666 | $103,000 |
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| Application Approved But Not Accepted |
354 | $45,828,000 |
$141,375 | $940,000 |
$84,625 | $1,411,000 |
| Application Denied By Financial Institution |
284 | $45,811,000 |
$135,833 | $6,830,000 |
$48,666 | $452,000 |
| Application Withdrawn By Applicant |
675 | $90,224,000 |
$178,000 | $1,200,000 |
$82,777 | $610,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
7,016 | $963,630,000 |
$202,000 | $2,200,000 |
$107,066 | $2,903,000 |
| Loan Purchased By The Institution |
2,079 | $360,073,000 |
$204,578 | $828,000 |
$0 | $0 |
| Preapproval Approved but not Accepted |
131 | $15,892,000 |
$121,000 | $900,000 |
$43,000 | $520,000 |
| Preapproval Denied by Financial Institution |
1 | $51,000 |
$51,000 | $51,000 |
$17,000 | $17,000 |
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| Collateral |
25 | $7,469,000 |
$382,333 | $2,437,000 |
$42,666 | $374,000 |
| Credit Application Incomplete |
65 | $9,296,000 |
$99,200 | $954,000 |
$48,800 | $452,000 |
| Credit History |
111 | $9,782,000 |
$98,000 | $500,000 |
$41,500 | $267,000 |
| Debt-To-Income Ratio |
60 | $8,815,000 |
$146,000 | $690,000 |
$38,000 | $147,000 |
| Employment History |
3 | $279,000 |
$93,000 | $122,000 |
$21,000 | $28,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
10 | $9,111,000 |
$911,000 | $6,830,000 |
$64,000 | $291,000 |
| Mortgage Insurance Denied |
4 | $339,000 |
$84,000 | $149,000 |
$66,000 | $176,000 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
7 | $771,000 |
$110,000 | $257,000 |
$15,000 | $49,000 |
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Mortgage Loan App Totals for FIRST PLACE BANK by:
Metropolitan Area And
County
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