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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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UNION BANK MORTGAGE COMPANY
Mortgage Loans and Application Details
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| Mortgage Company Name |
UNION BANK MORTGAGE COMPANY |
| Address | 933 FOURTH AVE
LAKE ODESSA, MI 48849 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 84 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $10,465,000 |
| Average Mortgage Loan Amount Applied For | $119,727 |
| Highest Mortgage Loan Amount Applied For | $417,000 |
| Average Applicant Income | $71,090 |
| Highest Applicant Income | $381,000 |
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| Home Improvement |
5 | $345,000 |
$69,000 | $100,000 |
$111,000 | $381,000 |
| Home Purchase |
44 | $6,426,000 |
$146,000 | $417,000 |
$84,000 | $275,000 |
| Refinancing |
41 | $4,414,000 |
$107,000 | $300,000 |
$59,000 | $313,000 |
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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 |
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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
2 | $365,000 |
$182,000 | $265,000 |
$156,000 | $275,000 |
| White |
88 | $10,820,000 |
$122,000 | $417,000 |
$72,000 | $381,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
90 | $11,185,000 |
$124,000 | $417,000 |
$74,000 | $381,000 |
| 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 |
13 | $1,532,000 |
$117,000 | $265,000 |
$62,000 | $275,000 |
| Application Withdrawn By Applicant |
8 | $1,043,000 |
$130,000 | $300,000 |
$75,000 | $216,000 |
| File Closed For Incompleteness |
1 | $75,000 |
$75,000 | $75,000 |
$22,000 | $22,000 |
| Loan Originated |
68 | $8,535,000 |
$125,000 | $417,000 |
$78,000 | $381,000 |
| 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 | $115,000 |
$115,000 | $115,000 |
$52,000 | $52,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
6 | $597,000 |
$99,000 | $124,000 |
$41,000 | $52,000 |
| Debt-To-Income Ratio |
4 | $470,000 |
$117,000 | $170,000 |
$55,000 | $118,000 |
| Employment History |
1 | $265,000 |
$265,000 | $265,000 |
$275,000 | $275,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $85,000 |
$85,000 | $85,000 |
$10,000 | $10,000 |
| 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 UNION BANK MORTGAGE COMPANY by:
Metropolitan Area And
County
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