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| $5,279,183,286,000 in Mortgage Loans Applied for in 2007 from 26,605,695 Applications |
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OAKLAND COMMERCE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
OAKLAND COMMERCE BANK |
| Address | 31731 NORTHWESTERN HIGHWAY
FARMINGTON HILLS, MI 48334 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2005 |
| Data Years (click a year for detail) | 2003 2005 |
| Total Number of Mortgage Loan Applications Processed | 1,384 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $298,245,000 |
| Average Mortgage Loan Amount Applied For | $204,403 |
| Highest Mortgage Loan Amount Applied For | $1,365,000 |
| Average Applicant Income | $34 |
| Highest Applicant Income | $40,000 |
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| Home Improvement |
1 | $18,000 |
$18,000 | $18,000 |
$40,000 | $40,000 |
| Home Purchase |
673 | $128,303,000 |
$210,076 | $1,365,000 |
$0 | $0 |
| Refinancing |
710 | $169,924,000 |
$217,280 | $1,320,000 |
$0 | $0 |
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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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
1,383 | $298,227,000 |
$193,343 | $1,365,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
1 | $18,000 |
$18,000 | $18,000 |
$40,000 | $40,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,268 | $285,447,000 |
$195,062 | $1,365,000 |
$0 | $40,000 |
| FHA-insured (Federal Housing Administration) |
71 | $7,710,000 |
$125,833 | $192,000 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
31 | $3,164,000 |
$102,000 | $162,000 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
14 | $1,924,000 |
$149,000 | $245,000 |
$0 | $0 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
1 | $18,000 |
$18,000 | $18,000 |
$40,000 | $40,000 |
| Loan Purchased By The Institution |
1,383 | $298,227,000 |
$193,343 | $1,365,000 |
$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 OAKLAND COMMERCE BANK by:
Metropolitan Area And
County
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