AllMortgageDetail - Mortgage Application Details

Warren Bank
Mortgage Loan Application
Totals and Details
for 2008

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Mortgage Company & Address Warren Bank
38880 Garfield
Clinton Township, MI 48038
Federal Regulator Federal Reserve System (FRS)
Years 2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 16
Total Mortgage Loan Application Amount $2,083,000
Average Mortgage Loan Application Amount $183,500
Highest Mortgage Loan Application Amount $583,000
Average Applicant Income $91,500
Highest Applicant Income $226,000

Mortgage Loan Application Detail Totals for Warren Bank in 2008

Loan Purpose

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Refinancing 10 $1,563,000 $156,000 $583,000 $64,000 $226,000
Home Purchase 6 $520,000 $86,000 $158,000 $79,000 $191,000
Home Improvement 0 $0 $0 $0 $0 $0

Applicant Race

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
White 12 $1,339,000 $111,000 $225,000 $87,000 $226,000
Not applicable 3 $161,000 $53,000 $105,000 $3,000 $11,000
Asian 1 $583,000 $583,000 $583,000 $59,000 $59,000
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 Provided 0 $0 $0 $0 $0 $0
American Indian or Alaskan Native 0 $0 $0 $0 $0 $0

Loan Type

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 16 $2,083,000 $130,000 $583,000 $69,000 $226,000
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

Outcome

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Loan Originated 14 $1,967,000 $140,000 $583,000 $76,000 $226,000
Application Approved But Not Accepted 1 $16,000 $16,000 $16,000 $0 $0
Application Denied By Financial Institution 1 $100,000 $100,000 $100,000 $52,000 $52,000
Application Withdrawn By Applicant 0 $0 $0 $0 $0 $0
File Closed For Incompleteness 0 $0 $0 $0 $0 $0
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

Denial Reason

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Collateral 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Credit History 0 $0 $0 $0 $0 $0
Debt-To-Income Ratio 0 $0 $0 $0 $0 $0
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