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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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THE MERCHANTS BANK & TRUST CO
Mortgage Loans and Application Details
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| Mortgage Company Name |
THE MERCHANTS BANK & TRUST CO |
| Address | 107 NORTH STATE ST
WEST HARRISON, IN 47060 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 177 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $39,282,000 |
| Average Mortgage Loan Amount Applied For | $140,769 |
| Highest Mortgage Loan Amount Applied For | $2,317,000 |
| Average Applicant Income | $88,923 |
| Highest Applicant Income | $1,900,000 |
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| Home Improvement |
17 | $470,000 |
$27,000 | $150,000 |
$50,000 | $153,000 |
| Home Purchase |
83 | $24,721,000 |
$297,000 | $2,120,000 |
$146,000 | $955,000 |
| Refinancing |
77 | $14,091,000 |
$183,000 | $2,317,000 |
$107,000 | $1,900,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
6 | $3,908,000 |
$651,000 | $2,120,000 |
$236,000 | $436,000 |
| Black or African American |
4 | $346,000 |
$86,000 | $144,000 |
$140,000 | $181,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
1 | $182,000 |
$182,000 | $182,000 |
$89,000 | $89,000 |
| Not applicable |
9 | $3,617,000 |
$401,000 | $1,880,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
157 | $31,229,000 |
$198,000 | $2,317,000 |
$122,000 | $1,900,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
177 | $39,282,000 |
$221,000 | $2,317,000 |
$120,000 | $1,900,000 |
| 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 |
5 | $1,214,000 |
$242,000 | $760,000 |
$95,000 | $297,000 |
| Application Withdrawn By Applicant |
7 | $3,178,000 |
$454,000 | $2,120,000 |
$240,000 | $684,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
165 | $34,890,000 |
$211,000 | $2,317,000 |
$116,000 | $1,900,000 |
| 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 |
1 | $119,000 |
$119,000 | $119,000 |
$38,000 | $38,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $802,000 |
$401,000 | $760,000 |
$197,000 | $297,000 |
| Debt-To-Income Ratio |
2 | $293,000 |
$146,000 | $231,000 |
$22,000 | $28,000 |
| 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 THE MERCHANTS BANK & TRUST CO by:
Metropolitan Area And
County
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