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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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SEAWAY COMMUNITY BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
SEAWAY COMMUNITY BANK |
| Address | 1960 FRED MOORE HIGHWAY
ST. CLAIR, MI 48079 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 182 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $18,127,000 |
| Average Mortgage Loan Amount Applied For | $99,142 |
| Highest Mortgage Loan Amount Applied For | $750,000 |
| Average Applicant Income | $98,142 |
| Highest Applicant Income | $300,000 |
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| Home Improvement |
25 | $770,000 |
$30,000 | $100,000 |
$95,000 | $300,000 |
| Home Purchase |
38 | $3,622,000 |
$95,000 | $370,000 |
$77,000 | $240,000 |
| Refinancing |
120 | $13,738,000 |
$114,000 | $750,000 |
$72,000 | $240,000 |
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| American Indian or Alaskan Native |
1 | $150,000 |
$150,000 | $150,000 |
$52,000 | $52,000 |
| Asian |
3 | $474,000 |
$158,000 | $230,000 |
$142,000 | $175,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
2 | $38,000 |
$19,000 | $23,000 |
$75,000 | $115,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
5 | $274,000 |
$54,000 | $80,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
172 | $17,194,000 |
$99,000 | $750,000 |
$78,000 | $300,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
183 | $18,130,000 |
$99,000 | $750,000 |
$77,000 | $300,000 |
| 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 |
3 | $310,000 |
$103,000 | $195,000 |
$46,000 | $69,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
180 | $17,820,000 |
$99,000 | $750,000 |
$77,000 | $300,000 |
| 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 |
2 | $260,000 |
$130,000 | $195,000 |
$35,000 | $38,000 |
| 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 |
1 | $50,000 |
$50,000 | $50,000 |
$69,000 | $69,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for SEAWAY COMMUNITY BANK by:
Metropolitan Area And
County
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