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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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MADISON BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
MADISON BANK |
| Address | 35388 U.S. 19 North
Palm Harbor, FL 34684 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 86 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $36,131,000 |
| Average Mortgage Loan Amount Applied For | $507,200 |
| Highest Mortgage Loan Amount Applied For | $4,660,000 |
| Average Applicant Income | $72,600 |
| Highest Applicant Income | $4,248,000 |
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| Home Improvement (one-to-four family) |
4 | $113,000 |
$28,000 | $78,000 |
$88,000 | $99,000 |
| Home Purchase (one-to-four family) |
40 | $14,855,000 |
$915,666 | $4,000,000 |
$517,333 | $4,248,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
14 | $18,066,000 |
$1,290,000 | $4,660,000 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
30 | $5,517,000 |
$183,000 | $892,000 |
$74,000 | $179,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian or Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
3 | $395,000 |
$131,000 | $175,000 |
$26,000 | $54,000 |
| Information not provided by applicant in mail or telephone application |
2 | $735,000 |
$367,000 | $435,000 |
$76,000 | $152,000 |
| Not applicable |
14 | $25,020,000 |
$1,848,000 | $4,660,000 |
$384,000 | $750,000 |
| Other |
1 | $78,000 |
$78,000 | $78,000 |
$93,000 | $93,000 |
| White |
68 | $12,323,000 |
$338,000 | $1,235,000 |
$388,500 | $4,248,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
88 | $38,551,000 |
$946,666 | $4,660,000 |
$502,333 | $4,248,000 |
| 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 |
6 | $806,000 |
$134,000 | $260,000 |
$92,000 | $301,000 |
| Application Denied By Financial Institution |
20 | $6,166,000 |
$308,000 | $2,100,000 |
$37,000 | $182,000 |
| Application Withdrawn By Applicant |
23 | $7,952,000 |
$1,097,000 | $1,920,000 |
$430,500 | $4,248,000 |
| File Closed For Incompleteness |
9 | $1,427,000 |
$158,000 | $300,000 |
$54,000 | $132,000 |
| Loan Originated |
30 | $22,200,000 |
$624,000 | $4,660,000 |
$376,500 | $687,000 |
| Loan Purchased By The 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 MADISON BANK by:
Metropolitan Area And
County
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