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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 COMPANY
Mortgage Loans and Application Details
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| Mortgage Company Name |
WARREN BANK MORTGAGE COMPANY |
| Address | 30068 SCHOENHERR
WARREN, MI 48088 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 63 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $10,914,000 |
| Average Mortgage Loan Amount Applied For | $136,666 |
| Highest Mortgage Loan Amount Applied For | $440,000 |
| Average Applicant Income | $46,416 |
| Highest Applicant Income | $360,000 |
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| Home Improvement |
2 | $470,000 |
$235,000 | $440,000 |
$0 | $0 |
| Home Purchase |
17 | $2,606,000 |
$153,000 | $330,000 |
$52,000 | $360,000 |
| Refinancing |
44 | $7,838,000 |
$178,000 | $412,000 |
$88,000 | $360,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $181,000 |
$90,000 | $143,000 |
$46,000 | $50,000 |
| Black or African American |
1 | $61,000 |
$61,000 | $61,000 |
$32,000 | $32,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
17 | $2,752,000 |
$161,000 | $410,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
43 | $7,920,000 |
$184,000 | $440,000 |
$108,000 | $360,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
61 | $10,671,000 |
$174,000 | $440,000 |
$78,000 | $360,000 |
| FHA-insured (Federal Housing Administration) |
2 | $243,000 |
$121,000 | $149,000 |
$18,000 | $37,000 |
| 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 |
11 | $1,952,000 |
$177,000 | $315,000 |
$95,000 | $256,000 |
| Application Denied By Financial Institution |
5 | $680,000 |
$136,000 | $380,000 |
$39,000 | $67,000 |
| Application Withdrawn By Applicant |
11 | $2,258,000 |
$205,000 | $440,000 |
$62,000 | $340,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
19 | $3,272,000 |
$172,000 | $412,000 |
$151,000 | $360,000 |
| Loan Purchased By The Institution |
17 | $2,752,000 |
$161,000 | $410,000 |
$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 MORTGAGE COMPANY by:
Metropolitan Area And
County
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