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FLAGSTAR BANK 5151 CORPORATE DRIVE
TROY, 48098-2639

2008 Mortgage Research Wayne Michigan US
Total Applications 3,122 18,042 236,148
Average Loan $117.9k $136.9k $199.5k
Loan to Income Ratio 1.71 1.92 2.38
Subprime Loans 15.12% 13.26% 10.42%
Refinancing Loans 38.60% 44.53% 52.12%
Principal Dwellings 85.01% 91.23% 89.91%
Rejected Applications 22.33% 16.92% 20.04%
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