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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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MASON STATE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
MASON STATE BANK |
| Address | 322 S. JEFFERSON STREET, P.O. BOX 130
MASON, MI 48854 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 30 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $660,000 |
| Average Mortgage Loan Amount Applied For | $15,000 |
| Highest Mortgage Loan Amount Applied For | $189,000 |
| Average Applicant Income | $60,000 |
| Highest Applicant Income | $200,000 |
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| Home Improvement |
25 | $473,000 |
$18,000 | $189,000 |
$79,000 | $200,000 |
| Home Purchase |
3 | $105,000 |
$35,000 | $65,000 |
$46,000 | $70,000 |
| Refinancing |
2 | $82,000 |
$41,000 | $57,000 |
$75,000 | $84,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
1 | $5,000 |
$5,000 | $5,000 |
$12,000 | $12,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
5 | $41,000 |
$8,000 | $35,000 |
$64,000 | $116,000 |
| White |
24 | $614,000 |
$25,000 | $189,000 |
$80,000 | $200,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
30 | $660,000 |
$22,000 | $189,000 |
$75,000 | $200,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
7 | $40,000 |
$5,000 | $15,000 |
$41,000 | $83,000 |
| Application Withdrawn By Applicant |
2 | $36,000 |
$18,000 | $35,000 |
$50,000 | $58,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
21 | $584,000 |
$27,000 | $189,000 |
$89,000 | $200,000 |
| 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 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $6,000 |
$3,000 | $5,000 |
$26,000 | $40,000 |
| Debt-To-Income Ratio |
4 | $31,000 |
$7,000 | $15,000 |
$49,000 | $83,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
1 | $3,000 |
$3,000 | $3,000 |
$37,000 | $37,000 |
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Mortgage Loan App Totals for MASON STATE BANK by:
Metropolitan Area And
County
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