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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 | 660 UNIVERSITY SHOPPING CENTER
RICHMOND, KY 40475 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 409 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $44,197,000 |
| Average Mortgage Loan Amount Applied For | $120,615 |
| Highest Mortgage Loan Amount Applied For | $775,000 |
| Average Applicant Income | $88,538 |
| Highest Applicant Income | $378,000 |
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| Home Improvement (one-to-four family) |
23 | $821,000 |
$35,000 | $152,000 |
$35,000 | $168,000 |
| Home Purchase (one-to-four family) |
87 | $10,128,000 |
$116,000 | $775,000 |
$71,000 | $342,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
8 | $2,011,000 |
$251,000 | $428,000 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
291 | $31,237,000 |
$107,000 | $369,000 |
$83,000 | $378,000 |
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| American Indian or Alaskan Native |
1 | $90,000 |
$90,000 | $90,000 |
$85,000 | $85,000 |
| Asian or Pacific Islander |
3 | $691,000 |
$230,000 | $275,000 |
$250,000 | $378,000 |
| Black |
5 | $290,000 |
$58,000 | $143,000 |
$30,000 | $47,000 |
| Hispanic |
2 | $154,000 |
$77,000 | $108,000 |
$28,000 | $34,000 |
| Information not provided by applicant in mail or telephone application |
1 | $185,000 |
$185,000 | $185,000 |
$75,000 | $75,000 |
| Not applicable |
5 | $995,000 |
$199,000 | $428,000 |
$0 | $0 |
| Other |
1 | $242,000 |
$242,000 | $242,000 |
$85,000 | $85,000 |
| White |
391 | $41,550,000 |
$106,000 | $775,000 |
$75,000 | $342,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
408 | $44,137,000 |
$108,000 | $775,000 |
$71,000 | $378,000 |
| 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) |
1 | $60,000 |
$60,000 | $60,000 |
$150,000 | $150,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
21 | $2,426,000 |
$115,000 | $320,000 |
$75,000 | $205,000 |
| Application Withdrawn By Applicant |
24 | $3,129,000 |
$130,000 | $323,000 |
$53,000 | $144,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
364 | $38,642,000 |
$106,000 | $775,000 |
$74,000 | $378,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
1 | $320,000 |
$320,000 | $320,000 |
$192,000 | $192,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
18 | $1,843,000 |
$102,000 | $268,000 |
$44,000 | $205,000 |
| Debt-To-Income Ratio |
1 | $143,000 |
$143,000 | $143,000 |
$47,000 | $47,000 |
| 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 |
1 | $120,000 |
$120,000 | $120,000 |
$110,000 | $110,000 |
| 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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