|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
FIRST STATE BANK MORTGAGE CO.
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
FIRST STATE BANK MORTGAGE CO. |
| Address | 24300 LITTLE MACK
ST CLAIR SHORES, MI 48080 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 314 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $50,857,000 |
| Average Mortgage Loan Amount Applied For | $154,529 |
| Highest Mortgage Loan Amount Applied For | $1,238,000 |
| Average Applicant Income | $79,411 |
| Highest Applicant Income | $624,000 |
|
|
|
| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
182 | $25,645,000 |
$140,000 | $600,000 |
$60,000 | $408,000 |
| Refinancing |
222 | $36,612,000 |
$164,000 | $1,238,000 |
$66,000 | $624,000 |
|
|
| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
10 | $819,000 |
$81,000 | $120,000 |
$29,000 | $59,000 |
| Hispanic |
2 | $330,000 |
$165,000 | $169,000 |
$61,000 | $68,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
392 | $61,108,000 |
$155,000 | $1,238,000 |
$64,000 | $624,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
329 | $53,045,000 |
$161,000 | $1,238,000 |
$67,000 | $624,000 |
| FHA-insured (Federal Housing Administration) |
67 | $7,784,000 |
$116,000 | $218,000 |
$45,000 | $108,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
8 | $1,428,000 |
$178,000 | $358,000 |
$62,000 | $114,000 |
|
|
| Application Approved But Not Accepted |
49 | $9,039,000 |
$184,000 | $1,000,000 |
$70,000 | $367,000 |
| Application Denied By Financial Institution |
52 | $8,061,000 |
$155,000 | $646,000 |
$50,000 | $150,000 |
| Application Withdrawn By Applicant |
8 | $1,130,000 |
$141,000 | $260,000 |
$49,000 | $69,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
205 | $32,627,000 |
$159,000 | $1,238,000 |
$73,000 | $624,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
62 | $8,482,000 |
$136,000 | $319,000 |
$51,000 | $124,000 |
| Preapproval Denied by Financial Institution |
28 | $2,918,000 |
$104,000 | $216,000 |
$30,000 | $72,000 |
|
|
| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
Mortgage Loan App Totals for FIRST STATE BANK MORTGAGE CO. by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
