|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
MACATAWA BANK
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
MACATAWA BANK |
| Address | P.O. BOX 3119
HOLLAND, MI 49422-3119 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,288 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $85,195,000 |
| Average Mortgage Loan Amount Applied For | $125,640 |
| Highest Mortgage Loan Amount Applied For | $7,067,000 |
| Average Applicant Income | $143,320 |
| Highest Applicant Income | $4,548,000 |
|
|
|
| Home Improvement |
271 | $7,710,000 |
$28,000 | $400,000 |
$78,000 | $4,548,000 |
| Home Purchase |
396 | $25,210,000 |
$63,000 | $2,200,000 |
$56,000 | $540,000 |
| Refinancing |
640 | $52,759,000 |
$82,000 | $7,067,000 |
$75,000 | $1,414,000 |
|
|
| American Indian or Alaskan Native |
1 | $2,000 |
$2,000 | $2,000 |
$21,000 | $21,000 |
| Asian |
9 | $217,000 |
$24,000 | $48,000 |
$52,000 | $82,000 |
| Black or African American |
8 | $187,000 |
$23,000 | $80,000 |
$64,000 | $110,000 |
| Hispanic |
74 | $1,851,000 |
$25,000 | $117,000 |
$45,000 | $242,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $30,000 |
$15,000 | $20,000 |
$52,000 | $68,000 |
| Not applicable |
62 | $26,752,000 |
$431,000 | $7,067,000 |
$2,000 | $75,000 |
| Not Provided |
13 | $354,000 |
$27,000 | $150,000 |
$29,000 | $54,000 |
| White |
1,138 | $56,286,000 |
$49,000 | $645,000 |
$76,000 | $4,548,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,307 | $85,679,000 |
$65,000 | $7,067,000 |
$70,000 | $4,548,000 |
| 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 |
55 | $2,995,000 |
$54,000 | $406,000 |
$72,000 | $590,000 |
| Application Denied By Financial Institution |
158 | $4,148,000 |
$26,000 | $400,000 |
$40,000 | $131,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
5 | $216,000 |
$43,000 | $100,000 |
$55,000 | $83,000 |
| Loan Originated |
1,072 | $78,012,000 |
$72,000 | $7,067,000 |
$75,000 | $4,548,000 |
| 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 |
17 | $308,000 |
$18,000 | $70,000 |
$22,000 | $40,000 |
|
|
| 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 MACATAWA BANK by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
