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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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REPUBLIC BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
REPUBLIC BANK |
| Address | 2425 E GRAND RIVER AVE
LANSING, MI 48912 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 10,794 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $1,493,188,000 |
| Average Mortgage Loan Amount Applied For | $176,072 |
| Highest Mortgage Loan Amount Applied For | $12,215,000 |
| Average Applicant Income | $94,085 |
| Highest Applicant Income | $2,559,000 |
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| Home Improvement |
407 | $22,856,000 |
$56,000 | $3,800,000 |
$67,000 | $396,000 |
| Home Purchase |
6,922 | $997,224,000 |
$144,000 | $12,215,000 |
$70,000 | $2,559,000 |
| Refinancing |
4,015 | $547,323,000 |
$136,000 | $5,000,000 |
$77,000 | $1,000,000 |
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| American Indian or Alaskan Native |
47 | $9,130,000 |
$194,000 | $873,000 |
$105,000 | $540,000 |
| Asian |
152 | $28,467,000 |
$187,000 | $1,524,000 |
$89,000 | $922,000 |
| Black or African American |
685 | $88,419,000 |
$129,000 | $900,000 |
$60,000 | $1,000,000 |
| Hispanic |
276 | $32,910,000 |
$119,000 | $576,000 |
$50,000 | $175,000 |
| Native Hawaiin or Other Pacific Islander |
19 | $3,004,000 |
$158,000 | $668,000 |
$70,000 | $148,000 |
| Not applicable |
26 | $40,564,000 |
$1,560,000 | $12,215,000 |
$0 | $0 |
| Not Provided |
259 | $26,882,000 |
$103,000 | $1,101,000 |
$86,000 | $1,000,000 |
| White |
9,880 | $1,338,027,000 |
$135,000 | $3,300,000 |
$73,000 | $2,559,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
9,584 | $1,344,184,000 |
$140,000 | $12,215,000 |
$77,000 | $2,559,000 |
| FHA-insured (Federal Housing Administration) |
1,565 | $196,437,000 |
$125,000 | $345,000 |
$47,000 | $305,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
41 | $4,593,000 |
$112,000 | $175,000 |
$40,000 | $75,000 |
| VA-guaranteed (Veterans Administration) |
154 | $22,189,000 |
$144,000 | $278,000 |
$60,000 | $140,000 |
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| Application Approved But Not Accepted |
118 | $16,998,000 |
$144,000 | $750,000 |
$90,000 | $1,000,000 |
| Application Denied By Financial Institution |
885 | $147,005,000 |
$166,000 | $12,215,000 |
$68,000 | $1,010,000 |
| Application Withdrawn By Applicant |
1,933 | $273,557,000 |
$141,000 | $3,250,000 |
$69,000 | $1,395,000 |
| File Closed For Incompleteness |
207 | $30,326,000 |
$146,000 | $1,856,000 |
$75,000 | $2,051,000 |
| Loan Originated |
7,646 | $1,024,744,000 |
$134,000 | $5,000,000 |
$75,000 | $2,559,000 |
| Loan Purchased By The Institution |
5 | $558,000 |
$111,000 | $210,000 |
$0 | $0 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
550 | $74,215,000 |
$134,000 | $760,000 |
$56,000 | $305,000 |
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| Collateral |
72 | $20,861,000 |
$289,000 | $12,215,000 |
$69,000 | $288,000 |
| Credit Application Incomplete |
1,061 | $165,589,000 |
$156,000 | $1,480,000 |
$67,000 | $1,010,000 |
| Credit History |
162 | $15,761,000 |
$97,000 | $500,000 |
$50,000 | $234,000 |
| Debt-To-Income Ratio |
90 | $8,652,000 |
$96,000 | $410,000 |
$49,000 | $162,000 |
| Employment History |
14 | $2,357,000 |
$168,000 | $760,000 |
$58,000 | $305,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
6 | $675,000 |
$112,000 | $388,000 |
$58,000 | $144,000 |
| Mortgage Insurance Denied |
1 | $157,000 |
$157,000 | $157,000 |
$0 | $0 |
| Other |
25 | $6,573,000 |
$262,000 | $3,300,000 |
$43,000 | $240,000 |
| Unverifiable Information |
4 | $595,000 |
$148,000 | $228,000 |
$62,000 | $72,000 |
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Mortgage Loan App Totals for REPUBLIC BANK by:
Metropolitan Area And
County
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