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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 FOREST
Mortgage Loans and Application Details
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| Mortgage Company Name |
BANK OF FOREST |
| Address | P O BOX 60
FOREST, MS 39074 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 419 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $10,002,000 |
| Average Mortgage Loan Amount Applied For | $34,636 |
| Highest Mortgage Loan Amount Applied For | $288,000 |
| Average Applicant Income | $61,272 |
| Highest Applicant Income | $350,000 |
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| Home Improvement |
151 | $1,134,000 |
$7,000 | $70,000 |
$38,000 | $150,000 |
| Home Purchase |
67 | $2,299,000 |
$34,000 | $90,000 |
$58,000 | $246,000 |
| Refinancing |
201 | $6,569,000 |
$32,000 | $288,000 |
$52,000 | $350,000 |
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| American Indian or Alaskan Native |
1 | $13,000 |
$13,000 | $13,000 |
$47,000 | $47,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
125 | $1,579,000 |
$12,000 | $122,000 |
$34,000 | $165,000 |
| Hispanic |
8 | $201,000 |
$25,000 | $53,000 |
$29,000 | $53,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
5 | $149,000 |
$29,000 | $79,000 |
$107,000 | $350,000 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
280 | $8,060,000 |
$28,000 | $288,000 |
$54,000 | $246,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
419 | $10,002,000 |
$23,000 | $288,000 |
$48,000 | $350,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
14 | $542,000 |
$38,000 | $168,000 |
$31,000 | $87,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
405 | $9,460,000 |
$23,000 | $288,000 |
$48,000 | $350,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
11 | $304,000 |
$27,000 | $95,000 |
$27,000 | $78,000 |
| Debt-To-Income Ratio |
3 | $238,000 |
$79,000 | $168,000 |
$46,000 | $87,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for BANK OF FOREST by:
Metropolitan Area And
County
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