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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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UNIVERSITY BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
UNIVERSITY BANK |
| Address | 2015 WASHTENAW AVE
ANN ARBOR, MI 48104 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 85 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $14,584,000 |
| Average Mortgage Loan Amount Applied For | $135,375 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $48,250 |
| Highest Applicant Income | $350,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
73 | $11,720,000 |
$160,000 | $650,000 |
$64,000 | $350,000 |
| Refinancing |
29 | $6,043,000 |
$208,000 | $1,000,000 |
$74,000 | $350,000 |
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| American Indian or Alaskan Native |
1 | $80,000 |
$80,000 | $80,000 |
$46,000 | $46,000 |
| Asian |
26 | $4,941,000 |
$190,000 | $684,000 |
$81,000 | $250,000 |
| Black or African American |
10 | $1,526,000 |
$152,000 | $236,000 |
$56,000 | $94,000 |
| Hispanic |
3 | $500,000 |
$166,000 | $255,000 |
$27,000 | $59,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
8 | $2,369,000 |
$296,000 | $1,000,000 |
$0 | $0 |
| Not Provided |
2 | $321,000 |
$160,000 | $286,000 |
$68,000 | $102,000 |
| White |
52 | $8,026,000 |
$154,000 | $570,000 |
$75,000 | $350,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
102 | $17,763,000 |
$174,000 | $1,000,000 |
$67,000 | $350,000 |
| 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 | $555,000 |
$92,000 | $141,000 |
$37,000 | $65,000 |
| Application Denied By Financial Institution |
28 | $3,665,000 |
$130,000 | $328,000 |
$42,000 | $78,000 |
| Application Withdrawn By Applicant |
19 | $3,903,000 |
$205,000 | $570,000 |
$102,000 | $250,000 |
| File Closed For Incompleteness |
3 | $501,000 |
$167,000 | $297,000 |
$91,000 | $150,000 |
| Loan Originated |
38 | $7,951,000 |
$209,000 | $1,000,000 |
$72,000 | $350,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
1 | $150,000 |
$150,000 | $150,000 |
$41,000 | $41,000 |
| Preapproval Denied by Financial Institution |
7 | $1,038,000 |
$148,000 | $240,000 |
$63,000 | $110,000 |
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| Collateral |
2 | $205,000 |
$102,000 | $145,000 |
$54,000 | $70,000 |
| Credit Application Incomplete |
7 | $1,129,000 |
$161,000 | $242,000 |
$57,000 | $110,000 |
| Credit History |
13 | $1,437,000 |
$110,000 | $209,000 |
$47,000 | $75,000 |
| Debt-To-Income Ratio |
8 | $1,551,000 |
$193,000 | $328,000 |
$45,000 | $78,000 |
| Employment History |
1 | $44,000 |
$44,000 | $44,000 |
$30,000 | $30,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $304,000 |
$101,000 | $135,000 |
$26,000 | $45,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $33,000 |
$33,000 | $33,000 |
$26,000 | $26,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for UNIVERSITY BANK by:
Metropolitan Area And
County
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