|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
MACKINAC SAVINGS BANK, FSB
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
MACKINAC SAVINGS BANK, FSB |
| Address | 280 N CONGRESS AVE
BOYNTON BEACH, FL 33426 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 583 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $100,543,000 |
| Average Mortgage Loan Amount Applied For | $227,983 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $95,540 |
| Highest Applicant Income | $812,000 |
|
|
|
| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
292 | $51,927,000 |
$177,000 | $756,000 |
$77,000 | $534,000 |
| Refinancing |
291 | $48,616,000 |
$167,000 | $1,000,000 |
$64,000 | $812,000 |
|
|
| American Indian or Alaskan Native |
1 | $132,000 |
$132,000 | $132,000 |
$78,000 | $78,000 |
| Asian |
8 | $1,755,000 |
$219,000 | $412,000 |
$94,000 | $199,000 |
| Black or African American |
34 | $3,867,000 |
$113,000 | $368,000 |
$56,000 | $174,000 |
| Hispanic |
37 | $7,846,000 |
$212,000 | $585,000 |
$62,000 | $322,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
1 | $66,000 |
$66,000 | $66,000 |
$0 | $0 |
| Not Provided |
3 | $572,000 |
$190,000 | $271,000 |
$76,000 | $96,000 |
| White |
499 | $86,305,000 |
$172,000 | $1,000,000 |
$72,000 | $812,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
582 | $100,256,000 |
$172,000 | $1,000,000 |
$71,000 | $812,000 |
| FHA-insured (Federal Housing Administration) |
1 | $287,000 |
$287,000 | $287,000 |
$49,000 | $49,000 |
| 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 |
29 | $5,327,000 |
$183,000 | $560,000 |
$77,000 | $283,000 |
| Application Denied By Financial Institution |
71 | $8,085,000 |
$113,000 | $545,000 |
$43,000 | $276,000 |
| Application Withdrawn By Applicant |
23 | $5,252,000 |
$228,000 | $600,000 |
$78,000 | $258,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
460 | $81,879,000 |
$177,000 | $1,000,000 |
$74,000 | $812,000 |
| 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 |
|
|
| Collateral |
4 | $198,000 |
$49,000 | $62,000 |
$29,000 | $49,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
39 | $3,252,000 |
$83,000 | $315,000 |
$48,000 | $135,000 |
| Debt-To-Income Ratio |
16 | $2,450,000 |
$153,000 | $545,000 |
$54,000 | $276,000 |
| Employment History |
1 | $140,000 |
$140,000 | $140,000 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $426,000 |
$213,000 | $287,000 |
$24,000 | $49,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
7 | $1,103,000 |
$157,000 | $400,000 |
$22,000 | $68,000 |
| Unverifiable Information |
2 | $516,000 |
$258,000 | $469,000 |
$7,000 | $14,000 |
|
Mortgage Loan App Totals for MACKINAC SAVINGS BANK, FSB by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
