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FLAGSTAR BANK
5151 CORPORATE DRIVE
TROY, 48098-2639
2008 Mortgage Research
Branch
Michigan
US
Total Applications
40
18,042
236,148
Average Loan
$148.4k
$136.9k
$199.5k
Loan to Income Ratio
1.81
1.92
2.38
Subprime Loans
20%
13.26%
10.42%
Refinancing Loans
70%
44.53%
52.12%
Principal Dwellings
80%
91.23%
89.91%
Rejected Applications
17.50%
16.92%
20.04%
MICHIGAN Mortgage Rates
Last Week
Current
30 Years Fixed
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15 Years Fixed
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5/1 ARM
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