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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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MERCHANTS & FARMERS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
MERCHANTS & FARMERS BANK |
| Address | P.O. BOX 520
KOSCIUSKO, MS 39090 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,908 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $186,205,000 |
| Average Mortgage Loan Amount Applied For | $140,720 |
| Highest Mortgage Loan Amount Applied For | $5,111,000 |
| Average Applicant Income | $117,306 |
| Highest Applicant Income | $8,713,000 |
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| Home Improvement |
283 | $6,409,000 |
$22,000 | $209,000 |
$56,000 | $384,000 |
| Home Purchase |
784 | $96,530,000 |
$123,000 | $2,258,000 |
$153,000 | $8,713,000 |
| Refinancing |
842 | $83,281,000 |
$98,000 | $5,111,000 |
$152,000 | $8,713,000 |
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| American Indian or Alaskan Native |
7 | $163,000 |
$23,000 | $55,000 |
$70,000 | $113,000 |
| Asian |
11 | $1,762,000 |
$160,000 | $658,000 |
$167,000 | $464,000 |
| Black or African American |
284 | $18,397,000 |
$64,000 | $453,000 |
$57,000 | $741,000 |
| Hispanic |
13 | $902,000 |
$69,000 | $130,000 |
$125,000 | $360,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
137 | $30,555,000 |
$223,000 | $5,111,000 |
$822,000 | $8,713,000 |
| Not Provided |
42 | $3,325,000 |
$79,000 | $576,000 |
$49,000 | $151,000 |
| White |
1,415 | $131,116,000 |
$92,000 | $870,000 |
$91,000 | $2,172,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,893 | $184,333,000 |
$97,000 | $5,111,000 |
$139,000 | $8,713,000 |
| FHA-insured (Federal Housing Administration) |
15 | $1,718,000 |
$114,000 | $175,000 |
$55,000 | $119,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
1 | $169,000 |
$169,000 | $169,000 |
$50,000 | $50,000 |
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| Application Approved But Not Accepted |
13 | $1,701,000 |
$130,000 | $272,000 |
$77,000 | $242,000 |
| Application Denied By Financial Institution |
161 | $11,355,000 |
$70,000 | $770,000 |
$56,000 | $2,000,000 |
| Application Withdrawn By Applicant |
77 | $9,234,000 |
$119,000 | $584,000 |
$65,000 | $360,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
1,658 | $163,930,000 |
$98,000 | $5,111,000 |
$150,000 | $8,713,000 |
| 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 |
11 | $1,026,000 |
$93,000 | $272,000 |
$58,000 | $115,000 |
| Credit Application Incomplete |
27 | $2,673,000 |
$99,000 | $225,000 |
$51,000 | $151,000 |
| Credit History |
70 | $4,202,000 |
$60,000 | $770,000 |
$71,000 | $2,000,000 |
| Debt-To-Income Ratio |
50 | $3,224,000 |
$64,000 | $576,000 |
$38,000 | $262,000 |
| Employment History |
1 | $75,000 |
$75,000 | $75,000 |
$98,000 | $98,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $6,000 |
$6,000 | $6,000 |
$37,000 | $37,000 |
| Unverifiable Information |
1 | $149,000 |
$149,000 | $149,000 |
$22,000 | $22,000 |
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Mortgage Loan App Totals for MERCHANTS & FARMERS BANK by:
Metropolitan Area And
County
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