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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 & MARINE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
MERCHANTS & MARINE BANK |
| Address | 3118 PASCAGOULA ST
PASCAGOULA, MS 39567 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 442 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $9,944,000 |
| Average Mortgage Loan Amount Applied For | $31,428 |
| Highest Mortgage Loan Amount Applied For | $328,000 |
| Average Applicant Income | $37,285 |
| Highest Applicant Income | $491,000 |
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| Home Improvement |
326 | $3,457,000 |
$10,000 | $200,000 |
$43,000 | $300,000 |
| Home Purchase |
58 | $3,350,000 |
$57,000 | $302,000 |
$59,000 | $300,000 |
| Refinancing |
58 | $3,137,000 |
$54,000 | $328,000 |
$63,000 | $491,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $102,000 |
$102,000 | $102,000 |
$0 | $0 |
| Black or African American |
92 | $1,413,000 |
$15,000 | $200,000 |
$31,000 | $151,000 |
| Hispanic |
6 | $175,000 |
$29,000 | $112,000 |
$30,000 | $66,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
2 | $152,000 |
$76,000 | $78,000 |
$260,000 | $491,000 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
341 | $8,102,000 |
$23,000 | $328,000 |
$52,000 | $300,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
442 | $9,944,000 |
$22,000 | $328,000 |
$48,000 | $491,000 |
| 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 | $65,000 |
$65,000 | $65,000 |
$20,000 | $20,000 |
| Application Denied By Financial Institution |
37 | $946,000 |
$25,000 | $200,000 |
$42,000 | $102,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
404 | $8,933,000 |
$22,000 | $328,000 |
$49,000 | $491,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 & MARINE BANK by:
Metropolitan Area And
County
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