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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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LAPEER COUNTY BANK & TRUST CO.
Mortgage Loans and Application Details
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| Mortgage Company Name |
LAPEER COUNTY BANK & TRUST CO. |
| Address | 83 W. NEPESSING ST
LAPEER, MI 48446 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 138 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $14,389,000 |
| Average Mortgage Loan Amount Applied For | $120,625 |
| Highest Mortgage Loan Amount Applied For | $1,218,000 |
| Average Applicant Income | $148,000 |
| Highest Applicant Income | $723,000 |
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| Home Improvement |
10 | $436,000 |
$43,000 | $153,000 |
$39,000 | $76,000 |
| Home Purchase |
44 | $4,110,000 |
$93,000 | $400,000 |
$73,000 | $522,000 |
| Refinancing |
84 | $9,843,000 |
$117,000 | $1,218,000 |
$76,000 | $723,000 |
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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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
11 | $731,000 |
$66,000 | $218,000 |
$32,000 | $78,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
3 | $311,000 |
$103,000 | $140,000 |
$24,000 | $72,000 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
124 | $13,347,000 |
$107,000 | $1,218,000 |
$77,000 | $723,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
136 | $14,158,000 |
$104,000 | $1,218,000 |
$73,000 | $723,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
2 | $231,000 |
$115,000 | $121,000 |
$36,000 | $41,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
2 | $181,000 |
$90,000 | $131,000 |
$42,000 | $54,000 |
| Application Denied By Financial Institution |
15 | $2,192,000 |
$146,000 | $1,218,000 |
$38,000 | $95,000 |
| Application Withdrawn By Applicant |
6 | $581,000 |
$96,000 | $180,000 |
$58,000 | $118,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
115 | $11,435,000 |
$99,000 | $500,000 |
$78,000 | $723,000 |
| 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 LAPEER COUNTY BANK & TRUST CO. by:
Metropolitan Area And
County
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