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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 SOUTHERN MD BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
MERCANTILE SOUTHERN MD BANK |
| Address | P.O. BOX 655
LEONARDTOWN, MD 20650 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 301 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $44,996,000 |
| Average Mortgage Loan Amount Applied For | $195,222 |
| Highest Mortgage Loan Amount Applied For | $4,600,000 |
| Average Applicant Income | $91,555 |
| Highest Applicant Income | $1,042,000 |
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| Home Improvement |
151 | $7,421,000 |
$49,000 | $1,400,000 |
$73,000 | $1,042,000 |
| Home Purchase |
104 | $28,955,000 |
$278,000 | $4,600,000 |
$116,000 | $530,000 |
| Refinancing |
46 | $8,620,000 |
$187,000 | $1,000,000 |
$116,000 | $842,000 |
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| American Indian or Alaskan Native |
1 | $28,000 |
$28,000 | $28,000 |
$43,000 | $43,000 |
| Asian |
4 | $775,000 |
$193,000 | $615,000 |
$99,000 | $128,000 |
| Black or African American |
59 | $2,601,000 |
$44,000 | $410,000 |
$48,000 | $146,000 |
| Hispanic |
2 | $520,000 |
$260,000 | $350,000 |
$73,000 | $76,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
10 | $9,493,000 |
$949,000 | $4,600,000 |
$42,000 | $238,000 |
| Not Provided |
15 | $587,000 |
$39,000 | $120,000 |
$46,000 | $97,000 |
| White |
210 | $30,992,000 |
$147,000 | $1,400,000 |
$114,000 | $1,042,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
301 | $44,996,000 |
$149,000 | $4,600,000 |
$94,000 | $1,042,000 |
| 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 |
3 | $159,000 |
$53,000 | $110,000 |
$82,000 | $186,000 |
| Application Denied By Financial Institution |
65 | $1,796,000 |
$27,000 | $110,000 |
$46,000 | $182,000 |
| Application Withdrawn By Applicant |
7 | $492,000 |
$70,000 | $110,000 |
$72,000 | $128,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
218 | $40,526,000 |
$185,000 | $4,600,000 |
$109,000 | $1,042,000 |
| Loan Purchased By The Institution |
8 | $2,023,000 |
$252,000 | $417,000 |
$108,000 | $198,000 |
| 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 |
2 | $42,000 |
$21,000 | $27,000 |
$29,000 | $35,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
30 | $1,113,000 |
$37,000 | $110,000 |
$53,000 | $182,000 |
| Debt-To-Income Ratio |
29 | $564,000 |
$19,000 | $80,000 |
$42,000 | $100,000 |
| Employment History |
2 | $40,000 |
$20,000 | $30,000 |
$45,000 | $73,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $37,000 |
$18,000 | $34,000 |
$42,000 | $70,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for MERCANTILE SOUTHERN MD BANK by:
Metropolitan Area And
County
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