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FIRST FEDERAL BANK 601 CLINTON STREET
DEFIANCE, 43512

2008 Mortgage Research Lenawee Michigan US
Total Applications 180 260 3,481
Average Loan $106.5k $112.5k $124.4k
Loan to Income Ratio 1.46 1.48 1.61
Subprime Loans 2.22% 1.92% 2.47%
Refinancing Loans 54.44% 53.08% 46.60%
Principal Dwellings 86.67% 81.54% 85.35%
Rejected Applications 18.89% 19.23% 16.58%
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