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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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MONROE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
MONROE BANK |
| Address | 210 EAST KIRKWOOD AVENUE
BLOOMINGTON, IN 47408 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,712 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $72,714,000 |
| Average Mortgage Loan Amount Applied For | $39,338 |
| Highest Mortgage Loan Amount Applied For | $3,250,000 |
| Average Applicant Income | $60,806 |
| Highest Applicant Income | $5,915,000 |
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| Home Improvement |
1,239 | $14,502,000 |
$11,000 | $3,250,000 |
$62,000 | $360,000 |
| Home Purchase |
365 | $40,389,000 |
$110,000 | $1,320,000 |
$97,000 | $5,915,000 |
| Refinancing |
160 | $22,445,000 |
$140,000 | $1,800,000 |
$114,000 | $5,092,000 |
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| American Indian or Alaskan Native |
3 | $227,000 |
$75,000 | $144,000 |
$191,000 | $485,000 |
| Asian |
15 | $1,458,000 |
$97,000 | $338,000 |
$112,000 | $251,000 |
| Black or African American |
111 | $2,016,000 |
$18,000 | $190,000 |
$59,000 | $170,000 |
| Hispanic |
20 | $1,260,000 |
$63,000 | $417,000 |
$73,000 | $330,000 |
| Native Hawaiin or Other Pacific Islander |
4 | $338,000 |
$84,000 | $178,000 |
$32,000 | $44,000 |
| Not applicable |
28 | $7,675,000 |
$274,000 | $3,250,000 |
$493,000 | $5,915,000 |
| Not Provided |
6 | $639,000 |
$106,000 | $188,000 |
$31,000 | $65,000 |
| White |
1,577 | $63,723,000 |
$40,000 | $1,800,000 |
$67,000 | $1,361,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,752 | $76,337,000 |
$43,000 | $3,250,000 |
$74,000 | $5,915,000 |
| FHA-insured (Federal Housing Administration) |
10 | $826,000 |
$82,000 | $153,000 |
$34,000 | $69,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
2 | $173,000 |
$86,000 | $102,000 |
$39,000 | $50,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
215 | $2,449,000 |
$11,000 | $193,000 |
$63,000 | $218,000 |
| Application Denied By Financial Institution |
741 | $13,996,000 |
$18,000 | $650,000 |
$58,000 | $360,000 |
| Application Withdrawn By Applicant |
53 | $8,683,000 |
$163,000 | $1,320,000 |
$127,000 | $1,361,000 |
| File Closed For Incompleteness |
22 | $1,377,000 |
$62,000 | $185,000 |
$59,000 | $113,000 |
| Loan Originated |
682 | $46,301,000 |
$67,000 | $3,250,000 |
$94,000 | $5,915,000 |
| 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 |
51 | $4,530,000 |
$88,000 | $235,000 |
$30,000 | $76,000 |
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| Collateral |
21 | $1,932,000 |
$92,000 | $650,000 |
$75,000 | $240,000 |
| Credit Application Incomplete |
2 | $18,000 |
$9,000 | $11,000 |
$59,000 | $71,000 |
| Credit History |
478 | $9,735,000 |
$20,000 | $560,000 |
$57,000 | $214,000 |
| Debt-To-Income Ratio |
251 | $4,809,000 |
$19,000 | $235,000 |
$54,000 | $170,000 |
| Employment History |
13 | $343,000 |
$26,000 | $98,000 |
$44,000 | $104,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $281,000 |
$93,000 | $160,000 |
$44,000 | $72,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
15 | $1,114,000 |
$74,000 | $190,000 |
$45,000 | $135,000 |
| Unverifiable Information |
9 | $294,000 |
$32,000 | $128,000 |
$92,000 | $360,000 |
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Mortgage Loan App Totals for MONROE BANK by:
Metropolitan Area And
County
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