|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
FOUNDERS BANK & TRUST
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
FOUNDERS BANK & TRUST |
| Address | 5200 CASCADE ROAD SE
GRAND RAPIDS, MI 49546 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 169 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $7,564,000 |
| Average Mortgage Loan Amount Applied For | $50,631 |
| Highest Mortgage Loan Amount Applied For | $208,000 |
| Average Applicant Income | $167,315 |
| Highest Applicant Income | $840,000 |
|
|
|
| Home Improvement |
16 | $989,000 |
$61,000 | $200,000 |
$111,000 | $210,000 |
| Home Purchase |
107 | $4,426,000 |
$41,000 | $208,000 |
$121,000 | $544,000 |
| Refinancing |
46 | $2,149,000 |
$46,000 | $158,000 |
$141,000 | $840,000 |
|
|
| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $240,000 |
$120,000 | $146,000 |
$246,000 | $315,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
2 | $32,000 |
$16,000 | $16,000 |
$75,000 | $100,000 |
| 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 |
165 | $7,292,000 |
$44,000 | $208,000 |
$125,000 | $840,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
169 | $7,564,000 |
$44,000 | $208,000 |
$125,000 | $840,000 |
| 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 |
|
|
| Application Approved But Not Accepted |
6 | $468,000 |
$78,000 | $175,000 |
$111,000 | $168,000 |
| Application Denied By Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Withdrawn By Applicant |
1 | $110,000 |
$110,000 | $110,000 |
$136,000 | $136,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
162 | $6,986,000 |
$43,000 | $208,000 |
$126,000 | $840,000 |
| 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 |
|
|
| 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 FOUNDERS BANK & TRUST by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
