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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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BANK OF CLEVELAND
Mortgage Loans and Application Details
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| Mortgage Company Name |
BANK OF CLEVELAND |
| Address | 75 FIRST STREET
CLEVELAND, TN 37311 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 533 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $67,806,000 |
| Average Mortgage Loan Amount Applied For | $136,909 |
| Highest Mortgage Loan Amount Applied For | $924,000 |
| Average Applicant Income | $79,272 |
| Highest Applicant Income | $712,000 |
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| Home Improvement |
27 | $789,000 |
$29,000 | $250,000 |
$45,000 | $180,000 |
| Home Purchase |
273 | $37,883,000 |
$138,000 | $924,000 |
$67,000 | $712,000 |
| Refinancing |
233 | $29,134,000 |
$125,000 | $844,000 |
$77,000 | $712,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
11 | $2,180,000 |
$198,000 | $588,000 |
$85,000 | $173,000 |
| Black or African American |
14 | $1,204,000 |
$86,000 | $185,000 |
$63,000 | $168,000 |
| Hispanic |
6 | $513,000 |
$85,000 | $117,000 |
$45,000 | $72,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
15 | $5,582,000 |
$372,000 | $924,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
487 | $58,327,000 |
$119,000 | $844,000 |
$73,000 | $712,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
401 | $53,336,000 |
$133,000 | $924,000 |
$78,000 | $712,000 |
| FHA-insured (Federal Housing Administration) |
129 | $14,045,000 |
$108,000 | $219,000 |
$46,000 | $355,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
3 | $425,000 |
$141,000 | $176,000 |
$46,000 | $63,000 |
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| Application Approved But Not Accepted |
3 | $368,000 |
$122,000 | $200,000 |
$84,000 | $93,000 |
| Application Denied By Financial Institution |
14 | $1,611,000 |
$115,000 | $250,000 |
$39,000 | $103,000 |
| Application Withdrawn By Applicant |
7 | $1,110,000 |
$158,000 | $480,000 |
$95,000 | $348,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
508 | $64,609,000 |
$127,000 | $924,000 |
$71,000 | $712,000 |
| Loan Purchased By The Institution |
1 | $108,000 |
$108,000 | $108,000 |
$46,000 | $46,000 |
| 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 |
1 | $47,000 |
$47,000 | $47,000 |
$26,000 | $26,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
5 | $615,000 |
$123,000 | $191,000 |
$39,000 | $56,000 |
| Debt-To-Income Ratio |
6 | $722,000 |
$120,000 | $250,000 |
$37,000 | $103,000 |
| 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 |
1 | $50,000 |
$50,000 | $50,000 |
$23,000 | $23,000 |
| Unverifiable Information |
1 | $177,000 |
$177,000 | $177,000 |
$84,000 | $84,000 |
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Mortgage Loan App Totals for BANK OF CLEVELAND by:
Metropolitan Area And
County
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