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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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SMB MORTGAGE COMPANY
Mortgage Loans and Application Details
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| Mortgage Company Name |
SMB MORTGAGE COMPANY |
| Address | 51 WEST PEARL STREET
COLDWATER, MI 49036 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 539 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $48,866,000 |
| Average Mortgage Loan Amount Applied For | $111,863 |
| Highest Mortgage Loan Amount Applied For | $417,000 |
| Average Applicant Income | $74,045 |
| Highest Applicant Income | $560,000 |
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| Home Improvement |
46 | $2,950,000 |
$64,000 | $351,000 |
$83,000 | $560,000 |
| Home Purchase |
346 | $33,198,000 |
$95,000 | $417,000 |
$55,000 | $390,000 |
| Refinancing |
210 | $17,958,000 |
$85,000 | $366,000 |
$51,000 | $289,000 |
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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 |
9 | $1,139,000 |
$126,000 | $292,000 |
$60,000 | $114,000 |
| Hispanic |
18 | $1,336,000 |
$74,000 | $140,000 |
$43,000 | $83,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
2 | $175,000 |
$87,000 | $97,000 |
$39,000 | $44,000 |
| White |
573 | $51,456,000 |
$89,000 | $417,000 |
$56,000 | $560,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
584 | $52,396,000 |
$89,000 | $417,000 |
$56,000 | $560,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
18 | $1,710,000 |
$95,000 | $157,000 |
$42,000 | $81,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
52 | $5,156,000 |
$99,000 | $238,000 |
$56,000 | $181,000 |
| Application Denied By Financial Institution |
125 | $9,291,000 |
$74,000 | $366,000 |
$39,000 | $117,000 |
| Application Withdrawn By Applicant |
21 | $1,918,000 |
$91,000 | $226,000 |
$53,000 | $158,000 |
| File Closed For Incompleteness |
4 | $523,000 |
$130,000 | $220,000 |
$67,000 | $109,000 |
| Loan Originated |
339 | $32,328,000 |
$95,000 | $417,000 |
$65,000 | $560,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
10 | $1,254,000 |
$125,000 | $270,000 |
$55,000 | $91,000 |
| Preapproval Denied by Financial Institution |
51 | $3,636,000 |
$71,000 | $166,000 |
$31,000 | $127,000 |
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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 SMB MORTGAGE COMPANY by:
Metropolitan Area And
County
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