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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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MAIN STREET BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
MAIN STREET BANK |
| Address | 133 W MAIN STREET STE 100
NORTHVILLE, MI 48167 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 580 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $83,592,000 |
| Average Mortgage Loan Amount Applied For | $199,205 |
| Highest Mortgage Loan Amount Applied For | $2,535,000 |
| Average Applicant Income | $124,923 |
| Highest Applicant Income | $995,000 |
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| Home Improvement |
8 | $602,000 |
$75,000 | $150,000 |
$4,000 | $37,000 |
| Home Purchase |
366 | $45,109,000 |
$123,000 | $1,800,000 |
$89,000 | $880,000 |
| Refinancing |
211 | $38,218,000 |
$181,000 | $2,535,000 |
$161,000 | $995,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
5 | $1,008,000 |
$201,000 | $417,000 |
$79,000 | $128,000 |
| Black or African American |
71 | $7,355,000 |
$103,000 | $300,000 |
$129,000 | $385,000 |
| Hispanic |
10 | $1,814,000 |
$181,000 | $417,000 |
$82,000 | $144,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
46 | $6,577,000 |
$142,000 | $1,192,000 |
$0 | $0 |
| Not Provided |
3 | $277,000 |
$92,000 | $179,000 |
$74,000 | $108,000 |
| White |
450 | $66,898,000 |
$148,000 | $2,535,000 |
$125,000 | $995,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
583 | $83,599,000 |
$143,000 | $2,535,000 |
$114,000 | $995,000 |
| FHA-insured (Federal Housing Administration) |
2 | $330,000 |
$165,000 | $169,000 |
$35,000 | $36,000 |
| 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 |
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| Application Approved But Not Accepted |
27 | $3,657,000 |
$135,000 | $417,000 |
$105,000 | $292,000 |
| Application Denied By Financial Institution |
7 | $4,669,000 |
$667,000 | $1,800,000 |
$21,000 | $56,000 |
| Application Withdrawn By Applicant |
20 | $5,538,000 |
$276,000 | $2,535,000 |
$196,000 | $750,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
529 | $69,937,000 |
$132,000 | $1,000,000 |
$113,000 | $995,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
2 | $128,000 |
$64,000 | $80,000 |
$57,000 | $68,000 |
| Preapproval Denied by Financial 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 MAIN STREET BANK by:
Metropolitan Area And
County
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