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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 | 507 N WEBER
SALISBURY, MO 65281 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 38 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $3,504,000 |
| Average Mortgage Loan Amount Applied For | $89,000 |
| Highest Mortgage Loan Amount Applied For | $429,000 |
| Average Applicant Income | $62,400 |
| Highest Applicant Income | $779,000 |
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| Home Improvement |
12 | $468,000 |
$39,000 | $180,000 |
$51,000 | $156,000 |
| Home Purchase |
25 | $1,777,000 |
$71,000 | $272,000 |
$35,000 | $156,000 |
| Refinancing |
24 | $2,321,000 |
$96,000 | $429,000 |
$81,000 | $779,000 |
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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 |
2 | $60,000 |
$30,000 | $35,000 |
$43,000 | $53,000 |
| Hispanic |
1 | $5,000 |
$5,000 | $5,000 |
$17,000 | $17,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
11 | $971,000 |
$88,000 | $272,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
47 | $3,530,000 |
$75,000 | $429,000 |
$71,000 | $779,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
61 | $4,566,000 |
$74,000 | $429,000 |
$56,000 | $779,000 |
| 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 | $5,000 |
$5,000 | $5,000 |
$39,000 | $39,000 |
| Application Denied By Financial Institution |
5 | $196,000 |
$39,000 | $100,000 |
$30,000 | $49,000 |
| Application Withdrawn By Applicant |
5 | $208,000 |
$41,000 | $97,000 |
$41,000 | $64,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
50 | $4,157,000 |
$83,000 | $429,000 |
$61,000 | $779,000 |
| 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 |
3 | $81,000 |
$27,000 | $36,000 |
$38,000 | $49,000 |
| Debt-To-Income Ratio |
2 | $115,000 |
$57,000 | $100,000 |
$18,000 | $21,000 |
| 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 MERCHANTS & FARMERS BANK by:
Metropolitan Area And
County
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