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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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PORTAGE COMMERCE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
PORTAGE COMMERCE BANK |
| Address | 800 EAST MILHAM ROAD
PORTAGE, MI 49002 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 48 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $5,001,000 |
| Average Mortgage Loan Amount Applied For | $151,666 |
| Highest Mortgage Loan Amount Applied For | $975,000 |
| Average Applicant Income | $87,500 |
| Highest Applicant Income | $410,000 |
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| Home Improvement |
17 | $603,000 |
$35,000 | $150,000 |
$72,000 | $210,000 |
| Home Purchase |
17 | $3,142,000 |
$184,000 | $975,000 |
$104,000 | $277,000 |
| Refinancing |
14 | $1,256,000 |
$89,000 | $218,000 |
$67,000 | $410,000 |
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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 | $10,000 |
$10,000 | $10,000 |
$63,000 | $63,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
7 | $1,708,000 |
$244,000 | $975,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
40 | $3,283,000 |
$82,000 | $950,000 |
$97,000 | $410,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
48 | $5,001,000 |
$104,000 | $975,000 |
$82,000 | $410,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
2 | $164,000 |
$82,000 | $155,000 |
$29,000 | $32,000 |
| Application Withdrawn By Applicant |
4 | $491,000 |
$122,000 | $175,000 |
$71,000 | $118,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
42 | $4,346,000 |
$103,000 | $975,000 |
$86,000 | $410,000 |
| 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 |
1 | $9,000 |
$9,000 | $9,000 |
$32,000 | $32,000 |
| Debt-To-Income Ratio |
1 | $155,000 |
$155,000 | $155,000 |
$27,000 | $27,000 |
| 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 PORTAGE COMMERCE BANK by:
Metropolitan Area And
County
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