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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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MERCANTILE EASTERN SHORE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
MERCANTILE EASTERN SHORE BANK |
| Address | P. O. BOX 60
CHESTERTOWN, MD 21620 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 175 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $26,999,000 |
| Average Mortgage Loan Amount Applied For | $123,071 |
| Highest Mortgage Loan Amount Applied For | $1,250,000 |
| Average Applicant Income | $85,571 |
| Highest Applicant Income | $1,108,000 |
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| Home Improvement |
77 | $5,277,000 |
$68,000 | $1,000,000 |
$55,000 | $403,000 |
| Home Purchase |
71 | $15,699,000 |
$221,000 | $1,250,000 |
$137,000 | $1,108,000 |
| Refinancing |
27 | $6,023,000 |
$223,000 | $1,150,000 |
$86,000 | $900,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
3 | $460,000 |
$153,000 | $200,000 |
$442,000 | $1,108,000 |
| Black or African American |
15 | $392,000 |
$26,000 | $165,000 |
$32,000 | $81,000 |
| Hispanic |
3 | $43,000 |
$14,000 | $25,000 |
$43,000 | $53,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
12 | $2,169,000 |
$180,000 | $496,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
142 | $23,935,000 |
$168,000 | $1,250,000 |
$101,000 | $1,051,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
175 | $26,999,000 |
$154,000 | $1,250,000 |
$93,000 | $1,108,000 |
| 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 |
1 | $400,000 |
$400,000 | $400,000 |
$128,000 | $128,000 |
| Application Denied By Financial Institution |
12 | $628,000 |
$52,000 | $400,000 |
$35,000 | $75,000 |
| Application Withdrawn By Applicant |
3 | $356,000 |
$118,000 | $260,000 |
$31,000 | $46,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
159 | $25,615,000 |
$161,000 | $1,250,000 |
$98,000 | $1,108,000 |
| 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 |
11 | $228,000 |
$20,000 | $115,000 |
$32,000 | $68,000 |
| Debt-To-Income Ratio |
1 | $400,000 |
$400,000 | $400,000 |
$75,000 | $75,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for MERCANTILE EASTERN SHORE BANK by:
Metropolitan Area And
County
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