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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 SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
MUTUAL SAVINGS BANK |
| Address | 80 EAST JEFFERSON STREET
FRANKLIN, IN 46131 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 189 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $23,206,000 |
| Average Mortgage Loan Amount Applied For | $152,777 |
| Highest Mortgage Loan Amount Applied For | $400,000 |
| Average Applicant Income | $65,333 |
| Highest Applicant Income | $822,000 |
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| Home Improvement |
11 | $1,266,000 |
$115,000 | $342,000 |
$66,000 | $156,000 |
| Home Purchase |
95 | $10,997,000 |
$115,000 | $400,000 |
$68,000 | $822,000 |
| Refinancing |
85 | $11,362,000 |
$133,000 | $400,000 |
$66,000 | $296,000 |
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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 |
1 | $164,000 |
$164,000 | $164,000 |
$67,000 | $67,000 |
| Hispanic |
1 | $299,000 |
$299,000 | $299,000 |
$258,000 | $258,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
15 | $1,347,000 |
$89,000 | $160,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
174 | $21,815,000 |
$125,000 | $400,000 |
$72,000 | $822,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
188 | $23,429,000 |
$124,000 | $400,000 |
$68,000 | $822,000 |
| FHA-insured (Federal Housing Administration) |
2 | $124,000 |
$62,000 | $84,000 |
$46,000 | $58,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
1 | $72,000 |
$72,000 | $72,000 |
$26,000 | $26,000 |
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| Application Approved But Not Accepted |
14 | $1,856,000 |
$132,000 | $400,000 |
$56,000 | $103,000 |
| Application Denied By Financial Institution |
15 | $2,282,000 |
$152,000 | $347,000 |
$69,000 | $192,000 |
| Application Withdrawn By Applicant |
10 | $1,741,000 |
$174,000 | $361,000 |
$89,000 | $258,000 |
| File Closed For Incompleteness |
2 | $154,000 |
$77,000 | $93,000 |
$37,000 | $44,000 |
| Loan Originated |
149 | $17,245,000 |
$115,000 | $400,000 |
$66,000 | $822,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
1 | $347,000 |
$347,000 | $347,000 |
$131,000 | $131,000 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
3 | $590,000 |
$196,000 | $347,000 |
$123,000 | $192,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
7 | $725,000 |
$103,000 | $156,000 |
$43,000 | $63,000 |
| Debt-To-Income Ratio |
5 | $967,000 |
$193,000 | $320,000 |
$72,000 | $138,000 |
| 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 MUTUAL SAVINGS BANK by:
Metropolitan Area And
County
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