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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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MUTUAL FEDERAL SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
MUTUAL FEDERAL SAVINGS BANK |
| Address | 110 E CHARLES ST
MUNCIE, IN 47305 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,527 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $137,838,000 |
| Average Mortgage Loan Amount Applied For | $117,176 |
| Highest Mortgage Loan Amount Applied For | $1,060,000 |
| Average Applicant Income | $83,529 |
| Highest Applicant Income | $8,300,000 |
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| Home Improvement |
138 | $3,314,000 |
$24,000 | $175,000 |
$60,000 | $602,000 |
| Home Purchase |
1,066 | $117,307,000 |
$110,000 | $1,035,000 |
$70,000 | $2,831,000 |
| Refinancing |
736 | $60,712,000 |
$82,000 | $1,060,000 |
$77,000 | $8,300,000 |
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| American Indian or Alaskan Native |
4 | $310,000 |
$77,000 | $175,000 |
$32,000 | $45,000 |
| Asian |
13 | $1,793,000 |
$137,000 | $440,000 |
$78,000 | $200,000 |
| Black or African American |
30 | $2,806,000 |
$93,000 | $370,000 |
$93,000 | $1,079,000 |
| Hispanic |
35 | $3,094,000 |
$88,000 | $412,000 |
$49,000 | $123,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $62,000 |
$62,000 | $62,000 |
$60,000 | $60,000 |
| Not applicable |
13 | $2,800,000 |
$215,000 | $1,035,000 |
$89,000 | $536,000 |
| Not Provided |
9 | $794,000 |
$88,000 | $260,000 |
$51,000 | $150,000 |
| White |
1,835 | $169,674,000 |
$92,000 | $1,060,000 |
$72,000 | $8,300,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,940 | $181,333,000 |
$93,000 | $1,060,000 |
$72,000 | $8,300,000 |
| 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 |
217 | $25,657,000 |
$118,000 | $640,000 |
$65,000 | $500,000 |
| Application Denied By Financial Institution |
277 | $25,116,000 |
$90,000 | $750,000 |
$52,000 | $318,000 |
| Application Withdrawn By Applicant |
70 | $5,287,000 |
$75,000 | $237,000 |
$61,000 | $210,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
1,120 | $99,774,000 |
$89,000 | $1,060,000 |
$84,000 | $8,300,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
114 | $12,498,000 |
$109,000 | $313,000 |
$59,000 | $237,000 |
| Preapproval Denied by Financial Institution |
142 | $13,001,000 |
$91,000 | $960,000 |
$42,000 | $228,000 |
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| Collateral |
29 | $3,418,000 |
$117,000 | $750,000 |
$70,000 | $263,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
207 | $16,323,000 |
$78,000 | $357,000 |
$46,000 | $158,000 |
| Debt-To-Income Ratio |
153 | $15,610,000 |
$102,000 | $960,000 |
$45,000 | $228,000 |
| Employment History |
10 | $714,000 |
$71,000 | $150,000 |
$60,000 | $318,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $518,000 |
$172,000 | $270,000 |
$52,000 | $69,000 |
| Mortgage Insurance Denied |
6 | $478,000 |
$79,000 | $130,000 |
$46,000 | $62,000 |
| Other |
11 | $1,056,000 |
$96,000 | $265,000 |
$80,000 | $303,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for MUTUAL FEDERAL SAVINGS BANK by:
Metropolitan Area And
County
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