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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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OSB COMMUNITY BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
OSB COMMUNITY BANK |
| Address | 417 S. MAIN ST
BROOKLYN, MI 49230 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 66 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $7,779,000 |
| Average Mortgage Loan Amount Applied For | $90,500 |
| Highest Mortgage Loan Amount Applied For | $285,000 |
| Average Applicant Income | $47,000 |
| Highest Applicant Income | $153,000 |
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| Home Improvement |
2 | $86,000 |
$43,000 | $59,000 |
$48,000 | $50,000 |
| Home Purchase |
15 | $1,796,000 |
$119,000 | $208,000 |
$57,000 | $153,000 |
| Refinancing |
49 | $5,897,000 |
$120,000 | $285,000 |
$52,000 | $150,000 |
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| American Indian or Alaskan Native |
1 | $52,000 |
$52,000 | $52,000 |
$3,000 | $3,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
1 | $53,000 |
$53,000 | $53,000 |
$35,000 | $35,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
64 | $7,674,000 |
$119,000 | $285,000 |
$54,000 | $153,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
66 | $7,779,000 |
$117,000 | $285,000 |
$53,000 | $153,000 |
| 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 |
6 | $1,078,000 |
$179,000 | $285,000 |
$70,000 | $116,000 |
| Application Denied By Financial Institution |
12 | $1,368,000 |
$114,000 | $218,000 |
$52,000 | $150,000 |
| Application Withdrawn By Applicant |
2 | $156,000 |
$78,000 | $104,000 |
$17,000 | $32,000 |
| File Closed For Incompleteness |
1 | $127,000 |
$127,000 | $127,000 |
$90,000 | $90,000 |
| Loan Originated |
45 | $5,050,000 |
$112,000 | $256,000 |
$52,000 | $153,000 |
| 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 |
1 | $218,000 |
$218,000 | $218,000 |
$48,000 | $48,000 |
| 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 OSB COMMUNITY BANK by:
Metropolitan Area And
County
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