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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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WARREN BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
WARREN BANK |
| Address | 38880 GARFIELD
CLINTON TOWNSHIP, MI 48038 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 636 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $73,209,000 |
| Average Mortgage Loan Amount Applied For | $130,408 |
| Highest Mortgage Loan Amount Applied For | $1,400,000 |
| Average Applicant Income | $78,877 |
| Highest Applicant Income | $773,000 |
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| Home Improvement |
12 | $797,000 |
$66,000 | $300,000 |
$108,000 | $238,000 |
| Home Purchase |
325 | $33,398,000 |
$102,000 | $1,400,000 |
$59,000 | $773,000 |
| Refinancing |
299 | $39,014,000 |
$130,000 | $1,000,000 |
$75,000 | $773,000 |
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| American Indian or Alaskan Native |
7 | $1,294,000 |
$184,000 | $300,000 |
$119,000 | $238,000 |
| Asian |
3 | $546,000 |
$182,000 | $263,000 |
$53,000 | $75,000 |
| Black or African American |
29 | $2,972,000 |
$102,000 | $203,000 |
$43,000 | $97,000 |
| Hispanic |
12 | $941,000 |
$78,000 | $164,000 |
$38,000 | $60,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $268,000 |
$268,000 | $268,000 |
$218,000 | $218,000 |
| Not applicable |
8 | $2,753,000 |
$344,000 | $1,400,000 |
$0 | $0 |
| Not Provided |
6 | $751,000 |
$125,000 | $224,000 |
$86,000 | $138,000 |
| White |
570 | $63,684,000 |
$111,000 | $1,000,000 |
$69,000 | $773,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
371 | $43,776,000 |
$117,000 | $1,400,000 |
$81,000 | $773,000 |
| FHA-insured (Federal Housing Administration) |
257 | $28,153,000 |
$109,000 | $229,000 |
$48,000 | $173,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
8 | $1,280,000 |
$160,000 | $225,000 |
$70,000 | $111,000 |
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| Application Approved But Not Accepted |
44 | $6,368,000 |
$144,000 | $500,000 |
$95,000 | $773,000 |
| Application Denied By Financial Institution |
79 | $8,587,000 |
$108,000 | $336,000 |
$52,000 | $114,000 |
| Application Withdrawn By Applicant |
6 | $2,033,000 |
$338,000 | $1,400,000 |
$33,000 | $78,000 |
| File Closed For Incompleteness |
2 | $165,000 |
$82,000 | $148,000 |
$65,000 | $65,000 |
| Loan Originated |
505 | $56,056,000 |
$111,000 | $1,000,000 |
$68,000 | $773,000 |
| 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 |
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 |
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Mortgage Loan App Totals for WARREN BANK by:
Metropolitan Area And
County
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