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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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MAINSTREET SAVINGS BANK, FSB
Mortgage Loans and Application Details
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| Mortgage Company Name |
MAINSTREET SAVINGS BANK, FSB |
| Address | 629 W STATE ST
HASTINGS, MI 49058 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 181 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $17,128,000 |
| Average Mortgage Loan Amount Applied For | $118,846 |
| Highest Mortgage Loan Amount Applied For | $486,000 |
| Average Applicant Income | $59,769 |
| Highest Applicant Income | $328,000 |
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| Home Improvement |
18 | $560,000 |
$31,000 | $163,000 |
$63,000 | $136,000 |
| Home Purchase |
63 | $8,398,000 |
$133,000 | $312,000 |
$59,000 | $328,000 |
| Refinancing |
100 | $8,170,000 |
$81,000 | $486,000 |
$53,000 | $172,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $106,000 |
$106,000 | $106,000 |
$17,000 | $17,000 |
| Black or African American |
2 | $95,000 |
$47,000 | $72,000 |
$39,000 | $78,000 |
| Hispanic |
3 | $414,000 |
$138,000 | $319,000 |
$55,000 | $107,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
3 | $581,000 |
$193,000 | $236,000 |
$0 | $0 |
| Not Provided |
2 | $141,000 |
$70,000 | $125,000 |
$17,000 | $34,000 |
| White |
170 | $15,791,000 |
$92,000 | $486,000 |
$58,000 | $328,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
181 | $17,128,000 |
$94,000 | $486,000 |
$56,000 | $328,000 |
| 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 |
5 | $460,000 |
$92,000 | $250,000 |
$71,000 | $154,000 |
| Application Denied By Financial Institution |
7 | $196,000 |
$28,000 | $80,000 |
$55,000 | $88,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
153 | $14,136,000 |
$92,000 | $486,000 |
$57,000 | $328,000 |
| Loan Purchased By The Institution |
16 | $2,336,000 |
$146,000 | $280,000 |
$43,000 | $172,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
1 | $45,000 |
$45,000 | $45,000 |
$73,000 | $73,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
4 | $65,000 |
$16,000 | $22,000 |
$60,000 | $88,000 |
| Debt-To-Income Ratio |
1 | $6,000 |
$6,000 | $6,000 |
$28,000 | $28,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
1 | $80,000 |
$80,000 | $80,000 |
$45,000 | $45,000 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for MAINSTREET SAVINGS BANK, FSB by:
Metropolitan Area And
County
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