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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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G. W. JONES EXCHANGE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
G. W. JONES EXCHANGE BANK |
| Address | 115 W MAIN P.O. BOX 269
MARCELLUS, MI 49067 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 46 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $4,233,000 |
| Average Mortgage Loan Amount Applied For | $118,200 |
| Highest Mortgage Loan Amount Applied For | $440,000 |
| Average Applicant Income | $75,200 |
| Highest Applicant Income | $154,000 |
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| Home Improvement |
3 | $148,000 |
$49,000 | $117,000 |
$27,000 | $58,000 |
| Home Purchase |
20 | $1,661,000 |
$83,000 | $440,000 |
$54,000 | $99,000 |
| Refinancing |
23 | $2,424,000 |
$105,000 | $425,000 |
$54,000 | $154,000 |
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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 | $107,000 |
$107,000 | $107,000 |
$60,000 | $60,000 |
| Hispanic |
2 | $101,000 |
$50,000 | $59,000 |
$52,000 | $58,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
1 | $35,000 |
$35,000 | $35,000 |
$56,000 | $56,000 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
42 | $3,990,000 |
$95,000 | $440,000 |
$52,000 | $154,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
46 | $4,233,000 |
$92,000 | $440,000 |
$52,000 | $154,000 |
| 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 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
7 | $422,000 |
$60,000 | $88,000 |
$47,000 | $87,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
1 | $43,000 |
$43,000 | $43,000 |
$0 | $0 |
| Loan Originated |
38 | $3,768,000 |
$99,000 | $440,000 |
$54,000 | $154,000 |
| 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 G. W. JONES EXCHANGE BANK by:
Metropolitan Area And
County
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