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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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SSBBANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
SSBBANK |
| Address | PO BOX 427
STOCKBRIDGE, MI 49285 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 52 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $4,143,000 |
| Average Mortgage Loan Amount Applied For | $111,000 |
| Highest Mortgage Loan Amount Applied For | $650,000 |
| Average Applicant Income | $71,166 |
| Highest Applicant Income | $173,000 |
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| Home Improvement |
16 | $489,000 |
$30,000 | $75,000 |
$49,000 | $157,000 |
| Home Purchase |
16 | $1,382,000 |
$86,000 | $160,000 |
$49,000 | $173,000 |
| Refinancing |
22 | $2,476,000 |
$112,000 | $650,000 |
$47,000 | $118,000 |
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| American Indian or Alaskan Native |
1 | $8,000 |
$8,000 | $8,000 |
$18,000 | $18,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
14 | $1,765,000 |
$126,000 | $589,000 |
$0 | $0 |
| Not Provided |
1 | $20,000 |
$20,000 | $20,000 |
$72,000 | $72,000 |
| White |
38 | $2,554,000 |
$67,000 | $650,000 |
$66,000 | $173,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
54 | $4,347,000 |
$80,000 | $650,000 |
$48,000 | $173,000 |
| 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 |
4 | $345,000 |
$86,000 | $160,000 |
$41,000 | $89,000 |
| Application Denied By Financial Institution |
11 | $985,000 |
$89,000 | $650,000 |
$46,000 | $92,000 |
| Application Withdrawn By Applicant |
1 | $135,000 |
$135,000 | $135,000 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
38 | $2,882,000 |
$75,000 | $589,000 |
$51,000 | $173,000 |
| 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 |
2 | $675,000 |
$337,000 | $650,000 |
$88,000 | $92,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $87,000 |
$43,000 | $67,000 |
$36,000 | $72,000 |
| Debt-To-Income Ratio |
7 | $223,000 |
$31,000 | $56,000 |
$37,000 | $82,000 |
| 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 SSBBANK by:
Metropolitan Area And
County
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