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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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SSB MORTGAGE COMPANY
Mortgage Loans and Application Details
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| Mortgage Company Name |
SSB MORTGAGE COMPANY |
| Address | 242 N MICHIGAN AVE
SHELBY, MI 49455 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 214 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $15,634,000 |
| Average Mortgage Loan Amount Applied For | $110,285 |
| Highest Mortgage Loan Amount Applied For | $750,000 |
| Average Applicant Income | $63,571 |
| Highest Applicant Income | $405,000 |
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| Home Improvement |
36 | $1,037,000 |
$28,000 | $168,000 |
$41,000 | $156,000 |
| Home Purchase |
62 | $5,779,000 |
$93,000 | $750,000 |
$55,000 | $405,000 |
| Refinancing |
116 | $8,818,000 |
$76,000 | $265,000 |
$50,000 | $243,000 |
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| American Indian or Alaskan Native |
3 | $149,000 |
$49,000 | $80,000 |
$28,000 | $55,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
1 | $160,000 |
$160,000 | $160,000 |
$79,000 | $79,000 |
| Hispanic |
10 | $676,000 |
$67,000 | $157,000 |
$36,000 | $61,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
3 | $430,000 |
$143,000 | $186,000 |
$29,000 | $63,000 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
197 | $14,219,000 |
$72,000 | $750,000 |
$51,000 | $405,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
200 | $14,294,000 |
$71,000 | $750,000 |
$51,000 | $405,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
14 | $1,340,000 |
$95,000 | $158,000 |
$40,000 | $55,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
6 | $507,000 |
$84,000 | $157,000 |
$45,000 | $55,000 |
| Application Denied By Financial Institution |
13 | $712,000 |
$54,000 | $160,000 |
$30,000 | $79,000 |
| Application Withdrawn By Applicant |
7 | $636,000 |
$90,000 | $250,000 |
$50,000 | $97,000 |
| File Closed For Incompleteness |
1 | $25,000 |
$25,000 | $25,000 |
$14,000 | $14,000 |
| Loan Originated |
187 | $13,754,000 |
$73,000 | $750,000 |
$52,000 | $405,000 |
| 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 |
5 | $66,000 |
$13,000 | $45,000 |
$17,000 | $38,000 |
| Debt-To-Income Ratio |
6 | $527,000 |
$87,000 | $160,000 |
$38,000 | $79,000 |
| 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 |
2 | $119,000 |
$59,000 | $92,000 |
$36,000 | $51,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for SSB MORTGAGE COMPANY by:
Metropolitan Area And
County
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