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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 & TRUST
Mortgage Loans and Application Details
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| Mortgage Company Name |
MONROE BANK & TRUST |
| Address | 102 E. FRONT ST.
MONROE, MI 48161 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 414 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $15,588,000 |
| Average Mortgage Loan Amount Applied For | $40,000 |
| Highest Mortgage Loan Amount Applied For | $400,000 |
| Average Applicant Income | $74,714 |
| Highest Applicant Income | $400,000 |
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| Home Improvement |
192 | $4,237,000 |
$22,000 | $160,000 |
$58,000 | $400,000 |
| Home Purchase |
133 | $5,775,000 |
$43,000 | $200,000 |
$57,000 | $253,000 |
| Refinancing |
89 | $5,576,000 |
$62,000 | $400,000 |
$63,000 | $400,000 |
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| American Indian or Alaskan Native |
2 | $11,000 |
$5,000 | $8,000 |
$54,000 | $80,000 |
| Asian |
1 | $20,000 |
$20,000 | $20,000 |
$32,000 | $32,000 |
| Black or African American |
10 | $332,000 |
$33,000 | $102,000 |
$39,000 | $90,000 |
| Hispanic |
3 | $116,000 |
$38,000 | $55,000 |
$79,000 | $141,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $28,000 |
$28,000 | $28,000 |
$35,000 | $35,000 |
| Not applicable |
13 | $1,332,000 |
$102,000 | $200,000 |
$0 | $0 |
| Not Provided |
6 | $165,000 |
$27,000 | $90,000 |
$40,000 | $76,000 |
| White |
378 | $13,584,000 |
$35,000 | $400,000 |
$62,000 | $400,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
414 | $15,588,000 |
$37,000 | $400,000 |
$59,000 | $400,000 |
| 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 |
5 | $318,000 |
$63,000 | $160,000 |
$36,000 | $65,000 |
| Application Denied By Financial Institution |
88 | $2,479,000 |
$28,000 | $140,000 |
$41,000 | $131,000 |
| Application Withdrawn By Applicant |
6 | $323,000 |
$53,000 | $138,000 |
$75,000 | $139,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
315 | $12,468,000 |
$39,000 | $400,000 |
$64,000 | $400,000 |
| 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 MONROE BANK & TRUST by:
Metropolitan Area And
County
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