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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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MACATAWA BANK MORTGAGE COMPANY
Mortgage Loans and Application Details
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| Mortgage Company Name |
MACATAWA BANK MORTGAGE COMPANY |
| 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 | 958 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $167,929,000 |
| Average Mortgage Loan Amount Applied For | $223,424 |
| Highest Mortgage Loan Amount Applied For | $2,200,000 |
| Average Applicant Income | $146,848 |
| Highest Applicant Income | $1,881,000 |
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| Home Improvement |
5 | $585,000 |
$117,000 | $140,000 |
$71,000 | $99,000 |
| Home Purchase |
513 | $82,878,000 |
$161,000 | $2,200,000 |
$77,000 | $919,000 |
| Refinancing |
482 | $89,316,000 |
$185,000 | $1,424,000 |
$80,000 | $1,881,000 |
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| American Indian or Alaskan Native |
4 | $514,000 |
$128,000 | $225,000 |
$107,000 | $190,000 |
| Asian |
10 | $3,098,000 |
$309,000 | $1,500,000 |
$81,000 | $352,000 |
| Black or African American |
9 | $1,282,000 |
$142,000 | $245,000 |
$74,000 | $140,000 |
| Hispanic |
35 | $3,970,000 |
$113,000 | $296,000 |
$51,000 | $347,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $80,000 |
$80,000 | $80,000 |
$40,000 | $40,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
20 | $3,227,000 |
$161,000 | $329,000 |
$60,000 | $186,000 |
| White |
921 | $160,608,000 |
$174,000 | $2,200,000 |
$80,000 | $1,881,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,000 | $172,779,000 |
$172,000 | $2,200,000 |
$79,000 | $1,881,000 |
| 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 |
61 | $10,130,000 |
$166,000 | $540,000 |
$63,000 | $591,000 |
| Application Denied By Financial Institution |
86 | $13,997,000 |
$162,000 | $417,000 |
$55,000 | $240,000 |
| Application Withdrawn By Applicant |
7 | $1,554,000 |
$222,000 | $413,000 |
$25,000 | $68,000 |
| File Closed For Incompleteness |
34 | $5,377,000 |
$158,000 | $632,000 |
$56,000 | $168,000 |
| Loan Originated |
770 | $136,871,000 |
$177,000 | $2,200,000 |
$86,000 | $1,881,000 |
| 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 |
42 | $4,850,000 |
$115,000 | $285,000 |
$36,000 | $89,000 |
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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 MACATAWA BANK MORTGAGE COMPANY by:
Metropolitan Area And
County
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