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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 THE CAROLINAS
Mortgage Loans and Application Details
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| Mortgage Company Name |
BANK OF THE CAROLINAS |
| Address | P O BOX 129
MOCKSVILLE, NC 27028 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 227 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $30,656,000 |
| Average Mortgage Loan Amount Applied For | $117,217 |
| Highest Mortgage Loan Amount Applied For | $2,668,000 |
| Average Applicant Income | $60,956 |
| Highest Applicant Income | $866,000 |
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| Home Improvement |
12 | $513,000 |
$42,000 | $129,000 |
$64,000 | $138,000 |
| Home Purchase |
150 | $20,204,000 |
$134,000 | $2,668,000 |
$46,000 | $866,000 |
| Refinancing |
65 | $9,939,000 |
$152,000 | $1,357,000 |
$86,000 | $500,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
6 | $416,000 |
$69,000 | $159,000 |
$44,000 | $73,000 |
| Hispanic |
3 | $158,000 |
$52,000 | $120,000 |
$317,000 | $866,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
91 | $16,124,000 |
$177,000 | $2,668,000 |
$0 | $0 |
| Not Provided |
2 | $141,000 |
$70,000 | $74,000 |
$39,000 | $54,000 |
| White |
125 | $13,817,000 |
$110,000 | $1,000,000 |
$96,000 | $500,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
227 | $30,656,000 |
$135,000 | $2,668,000 |
$58,000 | $866,000 |
| 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 |
2 | $389,000 |
$194,000 | $200,000 |
$111,000 | $159,000 |
| Application Denied By Financial Institution |
12 | $625,000 |
$52,000 | $85,000 |
$36,000 | $96,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
213 | $29,642,000 |
$139,000 | $2,668,000 |
$59,000 | $866,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 THE CAROLINAS by:
Metropolitan Area And
County
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