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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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BAY BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
BAY BANK |
| Address | P O DRAWER 349
THEODORE, AL 36590 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 253 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $33,899,000 |
| Average Mortgage Loan Amount Applied For | $126,000 |
| Highest Mortgage Loan Amount Applied For | $550,000 |
| Average Applicant Income | $46,857 |
| Highest Applicant Income | $491,000 |
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| Home Improvement |
10 | $294,000 |
$29,000 | $100,000 |
$38,000 | $99,000 |
| Home Purchase |
136 | $19,154,000 |
$140,000 | $550,000 |
$57,000 | $491,000 |
| Refinancing |
107 | $14,451,000 |
$135,000 | $410,000 |
$58,000 | $267,000 |
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| American Indian or Alaskan Native |
1 | $37,000 |
$37,000 | $37,000 |
$45,000 | $45,000 |
| Asian |
1 | $70,000 |
$70,000 | $70,000 |
$24,000 | $24,000 |
| Black or African American |
3 | $361,000 |
$120,000 | $138,000 |
$55,000 | $74,000 |
| Hispanic |
7 | $191,000 |
$27,000 | $61,000 |
$62,000 | $87,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
27 | $6,144,000 |
$227,000 | $550,000 |
$0 | $0 |
| Not Provided |
138 | $20,312,000 |
$147,000 | $417,000 |
$63,000 | $312,000 |
| White |
76 | $6,784,000 |
$89,000 | $302,000 |
$66,000 | $491,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
246 | $33,056,000 |
$134,000 | $550,000 |
$57,000 | $491,000 |
| FHA-insured (Federal Housing Administration) |
7 | $843,000 |
$120,000 | $169,000 |
$57,000 | $88,000 |
| 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 |
31 | $2,985,000 |
$96,000 | $375,000 |
$32,000 | $149,000 |
| Application Withdrawn By Applicant |
22 | $2,767,000 |
$125,000 | $417,000 |
$51,000 | $133,000 |
| File Closed For Incompleteness |
1 | $49,000 |
$49,000 | $49,000 |
$200,000 | $200,000 |
| Loan Originated |
199 | $28,098,000 |
$141,000 | $550,000 |
$60,000 | $491,000 |
| 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 |
4 | $322,000 |
$80,000 | $240,000 |
$12,000 | $24,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
14 | $538,000 |
$38,000 | $178,000 |
$30,000 | $105,000 |
| Debt-To-Income Ratio |
3 | $407,000 |
$135,000 | $200,000 |
$30,000 | $43,000 |
| 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 |
8 | $1,411,000 |
$176,000 | $375,000 |
$45,000 | $149,000 |
| Unverifiable Information |
1 | $187,000 |
$187,000 | $187,000 |
$81,000 | $81,000 |
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Mortgage Loan App Totals for BAY BANK by:
Metropolitan Area And
County
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