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| $5,279,183,286,000 in Mortgage Loans Applied for in 2007 from 26,605,695 Applications |
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BANCORPSOUTH BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
BANCORPSOUTH BANK |
| Address | P O BOX 789
TUPELO, MS 38802 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2007 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 |
| Total Number of Mortgage Loan Applications Processed | 17,464 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $2,095,202,000 |
| Average Mortgage Loan Amount Applied For | $157,556 |
| Highest Mortgage Loan Amount Applied For | $7,300,000 |
| Average Applicant Income | $115,992 |
| Highest Applicant Income | $7,300,000 |
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| Home Improvement |
1,827 | $82,069,000 |
$44,000 | $1,577,000 |
$81,000 | $1,359,000 |
| Home Purchase |
6,834 | $896,557,000 |
$131,000 | $6,750,000 |
$90,000 | $3,600,000 |
| Refinancing |
8,805 | $1,117,600,000 |
$126,000 | $7,300,000 |
$104,000 | $7,300,000 |
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| American Indian or Alaskan Native |
23 | $2,329,000 |
$101,000 | $360,000 |
$69,000 | $207,000 |
| Asian |
170 | $26,441,000 |
$155,000 | $1,272,000 |
$103,000 | $1,040,000 |
| Black or African American |
1,738 | $119,882,000 |
$68,000 | $1,000,000 |
$63,000 | $845,000 |
| Hispanic |
265 | $24,845,000 |
$93,000 | $848,000 |
$83,000 | $1,236,000 |
| Native Hawaiin or Other Pacific Islander |
17 | $2,777,000 |
$163,000 | $429,000 |
$197,000 | $484,000 |
| Not applicable |
1,166 | $232,588,000 |
$199,000 | $7,300,000 |
$0 | $108,000 |
| Not Provided |
273 | $48,576,000 |
$177,000 | $1,500,000 |
$93,000 | $1,200,000 |
| White |
13,814 | $1,638,788,000 |
$118,000 | $3,350,000 |
$108,000 | $7,300,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
16,177 | $1,947,896,000 |
$120,000 | $7,300,000 |
$99,000 | $7,300,000 |
| FHA-insured (Federal Housing Administration) |
952 | $101,416,000 |
$106,000 | $236,000 |
$52,000 | $654,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
116 | $11,351,000 |
$97,000 | $220,000 |
$38,000 | $70,000 |
| VA-guaranteed (Veterans Administration) |
221 | $35,563,000 |
$160,000 | $417,000 |
$69,000 | $1,278,000 |
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| Application Approved But Not Accepted |
82 | $14,691,000 |
$179,000 | $1,600,000 |
$95,000 | $889,000 |
| Application Denied By Financial Institution |
1,803 | $173,745,000 |
$96,000 | $1,830,000 |
$56,000 | $2,925,000 |
| Application Withdrawn By Applicant |
1,626 | $265,020,000 |
$162,000 | $7,300,000 |
$90,000 | $1,500,000 |
| File Closed For Incompleteness |
125 | $19,248,000 |
$153,000 | $596,000 |
$79,000 | $1,200,000 |
| Loan Originated |
13,826 | $1,621,928,000 |
$117,000 | $6,750,000 |
$102,000 | $7,300,000 |
| Loan Purchased By The Institution |
2 | $570,000 |
$285,000 | $340,000 |
$95,000 | $116,000 |
| Preapproval Approved but not Accepted |
2 | $1,024,000 |
$512,000 | $794,000 |
$263,000 | $456,000 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
139 | $16,228,000 |
$116,000 | $848,000 |
$74,000 | $600,000 |
| Credit Application Incomplete |
1 | $13,000 |
$13,000 | $13,000 |
$36,000 | $36,000 |
| Credit History |
1,234 | $93,635,000 |
$75,000 | $1,415,000 |
$53,000 | $2,925,000 |
| Debt-To-Income Ratio |
330 | $45,733,000 |
$138,000 | $1,328,000 |
$55,000 | $444,000 |
| Employment History |
19 | $2,484,000 |
$130,000 | $300,000 |
$58,000 | $170,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $456,000 |
$456,000 | $456,000 |
$107,000 | $107,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
74 | $14,452,000 |
$195,000 | $1,830,000 |
$75,000 | $1,500,000 |
| Unverifiable Information |
5 | $744,000 |
$148,000 | $360,000 |
$71,000 | $130,000 |
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Mortgage Loan App Totals for BANCORPSOUTH BANK by:
Metropolitan Area And
County
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