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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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PEOPLES STATE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
PEOPLES STATE BANK |
| Address | 1800 E. 12 MILE ROAD
MADISON HEIGHTS, MI 48071 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 100 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $4,497,000 |
| Average Mortgage Loan Amount Applied For | $52,800 |
| Highest Mortgage Loan Amount Applied For | $550,000 |
| Average Applicant Income | $95,500 |
| Highest Applicant Income | $324,000 |
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| Home Improvement |
57 | $1,376,000 |
$24,000 | $200,000 |
$50,000 | $224,000 |
| Home Purchase |
8 | $1,008,000 |
$126,000 | $550,000 |
$64,000 | $324,000 |
| Refinancing |
35 | $2,113,000 |
$60,000 | $350,000 |
$65,000 | $168,000 |
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| American Indian or Alaskan Native |
3 | $94,000 |
$31,000 | $44,000 |
$90,000 | $147,000 |
| Asian |
4 | $79,000 |
$19,000 | $35,000 |
$13,000 | $29,000 |
| Black or African American |
10 | $229,000 |
$22,000 | $150,000 |
$22,000 | $44,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
2 | $678,000 |
$339,000 | $550,000 |
$0 | $0 |
| Not Provided |
1 | $26,000 |
$26,000 | $26,000 |
$94,000 | $94,000 |
| White |
80 | $3,391,000 |
$42,000 | $350,000 |
$62,000 | $324,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
100 | $4,497,000 |
$44,000 | $550,000 |
$56,000 | $324,000 |
| 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 |
3 | $146,000 |
$48,000 | $81,000 |
$98,000 | $134,000 |
| Application Denied By Financial Institution |
34 | $1,092,000 |
$32,000 | $150,000 |
$41,000 | $120,000 |
| Application Withdrawn By Applicant |
5 | $163,000 |
$32,000 | $65,000 |
$49,000 | $91,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
58 | $3,096,000 |
$53,000 | $550,000 |
$64,000 | $324,000 |
| 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 PEOPLES STATE BANK by:
Metropolitan Area And
County
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