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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 SOUTHERN MARYLAND
Mortgage Loans and Application Details
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| Mortgage Company Name |
BANK OF SOUTHERN MARYLAND |
| Address | P.O. BOX 655
LEONARDTOWN, MD 20650 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2004 |
| All Data Years | 2003 2004 |
| Total Number of Mortgage Loan Applications Processed | 94 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $9,504,000 |
| Average Mortgage Loan Amount Applied For | $134,000 |
| Highest Mortgage Loan Amount Applied For | $2,000,000 |
| Average Applicant Income | $106,750 |
| Highest Applicant Income | $424,000 |
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| Home Improvement |
48 | $1,519,000 |
$19,000 | $146,000 |
$94,500 | $138,000 |
| Home Purchase |
12 | $3,824,000 |
$377,000 | $2,000,000 |
$109,500 | $160,000 |
| Refinancing |
34 | $4,161,000 |
$122,000 | $600,000 |
$134,000 | $424,000 |
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| American Indian or Alaskan Native |
2 | $126,000 |
$63,000 | $85,000 |
$43,000 | $86,000 |
| Asian |
1 | $68,000 |
$68,000 | $68,000 |
$20,000 | $20,000 |
| Black or African American |
21 | $753,000 |
$35,000 | $182,000 |
$49,000 | $105,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
2 | $277,000 |
$138,000 | $149,000 |
$67,000 | $134,000 |
| Not Provided |
2 | $2,048,000 |
$1,024,000 | $2,000,000 |
$104,000 | $160,000 |
| White |
66 | $6,232,000 |
$158,500 | $600,000 |
$119,000 | $424,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
94 | $9,504,000 |
$162,500 | $2,000,000 |
$111,000 | $424,000 |
| 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 | $2,159,000 |
$85,500 | $2,000,000 |
$96,500 | $160,000 |
| Application Withdrawn By Applicant |
4 | $125,000 |
$31,000 | $60,000 |
$70,000 | $83,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
75 | $6,620,000 |
$265,500 | $448,000 |
$110,500 | $232,000 |
| Loan Purchased By The Institution |
1 | $600,000 |
$600,000 | $600,000 |
$424,000 | $424,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
7 | $87,000 |
$9,500 | $50,000 |
$85,500 | $138,000 |
| Debt-To-Income Ratio |
6 | $2,024,000 |
$337,000 | $2,000,000 |
$66,000 | $160,000 |
| Employment History |
1 | $48,000 |
$48,000 | $48,000 |
$49,000 | $49,000 |
| 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 SOUTHERN MARYLAND by:
Metropolitan Area And
County
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