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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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UNITED BANK & TRUST
Mortgage Loans and Application Details
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| Mortgage Company Name |
UNITED BANK & TRUST |
| Address | 205 E. CHICAGO BLVD
TECUMSEH, MI 49286 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 308 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $15,094,000 |
| Average Mortgage Loan Amount Applied For | $48,571 |
| Highest Mortgage Loan Amount Applied For | $1,650,000 |
| Average Applicant Income | $90,714 |
| Highest Applicant Income | $430,000 |
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| Home Improvement |
120 | $3,539,000 |
$29,000 | $150,000 |
$59,000 | $200,000 |
| Home Purchase |
34 | $3,935,000 |
$115,000 | $1,650,000 |
$87,000 | $430,000 |
| Refinancing |
154 | $7,620,000 |
$49,000 | $550,000 |
$65,000 | $250,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $54,000 |
$54,000 | $54,000 |
$225,000 | $225,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
8 | $277,000 |
$34,000 | $62,000 |
$51,000 | $82,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
17 | $3,112,000 |
$183,000 | $1,650,000 |
$0 | $0 |
| Not Provided |
2 | $90,000 |
$45,000 | $75,000 |
$70,000 | $100,000 |
| White |
280 | $11,561,000 |
$41,000 | $750,000 |
$69,000 | $430,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
308 | $15,094,000 |
$49,000 | $1,650,000 |
$65,000 | $430,000 |
| 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 |
6 | $198,000 |
$33,000 | $75,000 |
$46,000 | $110,000 |
| Application Denied By Financial Institution |
37 | $1,589,000 |
$42,000 | $550,000 |
$42,000 | $100,000 |
| Application Withdrawn By Applicant |
9 | $374,000 |
$41,000 | $121,000 |
$48,000 | $91,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
256 | $12,933,000 |
$50,000 | $1,650,000 |
$70,000 | $430,000 |
| 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 |
6 | $196,000 |
$32,000 | $75,000 |
$63,000 | $100,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
20 | $389,000 |
$19,000 | $47,000 |
$37,000 | $79,000 |
| Debt-To-Income Ratio |
7 | $914,000 |
$130,000 | $550,000 |
$38,000 | $74,000 |
| 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 |
4 | $90,000 |
$22,000 | $41,000 |
$49,000 | $79,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for UNITED BANK & TRUST by:
Metropolitan Area And
County
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