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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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FSB MORTGAGE COMPANY
Mortgage Loans and Application Details
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| Mortgage Company Name |
FSB MORTGAGE COMPANY |
| Address | 316 EAST SAGINAW STREET ,
BRECKENRIDGE, MI 48615 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 95 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $9,213,000 |
| Average Mortgage Loan Amount Applied For | $127,000 |
| Highest Mortgage Loan Amount Applied For | $257,000 |
| Average Applicant Income | $68,444 |
| Highest Applicant Income | $343,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
51 | $4,894,000 |
$95,000 | $257,000 |
$66,000 | $343,000 |
| Refinancing |
44 | $4,319,000 |
$98,000 | $240,000 |
$60,000 | $172,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
1 | $112,000 |
$112,000 | $112,000 |
$29,000 | $29,000 |
| Hispanic |
1 | $62,000 |
$62,000 | $62,000 |
$36,000 | $36,000 |
| 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 |
93 | $9,039,000 |
$97,000 | $257,000 |
$64,000 | $343,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
94 | $9,136,000 |
$97,000 | $257,000 |
$63,000 | $343,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $77,000 |
$77,000 | $77,000 |
$37,000 | $37,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
5 | $310,000 |
$62,000 | $160,000 |
$63,000 | $94,000 |
| Application Denied By Financial Institution |
14 | $981,000 |
$70,000 | $132,000 |
$38,000 | $70,000 |
| Application Withdrawn By Applicant |
4 | $447,000 |
$111,000 | $161,000 |
$65,000 | $94,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
72 | $7,475,000 |
$103,000 | $257,000 |
$68,000 | $343,000 |
| 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 |
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| 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 |
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Mortgage Loan App Totals for FSB MORTGAGE COMPANY by:
Metropolitan Area And
County
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