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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 SOUTH
Mortgage Loans and Application Details
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| Mortgage Company Name |
BANK OF THE SOUTH |
| Address | 551 NORTH MOUNT JULIET ROAD
MOUNT JULIET, TN 37122 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 711 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $97,520,000 |
| Average Mortgage Loan Amount Applied For | $127,040 |
| Highest Mortgage Loan Amount Applied For | $1,100,000 |
| Average Applicant Income | $91,520 |
| Highest Applicant Income | $691,000 |
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| Home Improvement |
73 | $3,438,000 |
$47,000 | $350,000 |
$75,000 | $282,000 |
| Home Purchase |
444 | $62,115,000 |
$139,000 | $1,100,000 |
$82,000 | $691,000 |
| Refinancing |
255 | $42,004,000 |
$164,000 | $1,013,000 |
$80,000 | $390,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
10 | $1,656,000 |
$165,000 | $348,000 |
$93,000 | $460,000 |
| Black or African American |
19 | $2,030,000 |
$106,000 | $280,000 |
$91,000 | $419,000 |
| Hispanic |
13 | $2,513,000 |
$193,000 | $368,000 |
$86,000 | $260,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
15 | $2,352,000 |
$156,000 | $1,100,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
715 | $99,006,000 |
$138,000 | $1,013,000 |
$82,000 | $691,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
637 | $89,055,000 |
$139,000 | $1,100,000 |
$86,000 | $691,000 |
| FHA-insured (Federal Housing Administration) |
113 | $15,015,000 |
$132,000 | $229,000 |
$51,000 | $419,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
22 | $3,487,000 |
$158,000 | $242,000 |
$64,000 | $328,000 |
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| Application Approved But Not Accepted |
105 | $18,407,000 |
$175,000 | $1,013,000 |
$76,000 | $390,000 |
| Application Denied By Financial Institution |
19 | $1,175,000 |
$61,000 | $277,000 |
$46,000 | $140,000 |
| Application Withdrawn By Applicant |
15 | $2,407,000 |
$160,000 | $500,000 |
$72,000 | $192,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
614 | $82,120,000 |
$133,000 | $1,100,000 |
$83,000 | $691,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
19 | $3,448,000 |
$181,000 | $400,000 |
$64,000 | $142,000 |
| 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 |
2 | $23,000 |
$11,000 | $15,000 |
$26,000 | $37,000 |
| Debt-To-Income Ratio |
1 | $2,000 |
$2,000 | $2,000 |
$36,000 | $36,000 |
| 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 THE SOUTH by:
Metropolitan Area And
County
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