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| $5,279,183,286,000 in Mortgage Loans Applied for in 2007 from 26,605,695 Applications |
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BAY COMMUNITY BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
BAY COMMUNITY BANK |
| Address | P O BOX 446
BOWLING GREEN, VA 22427 |
| Agency | Federal Reserve System (FRS) |
| Year | 2007 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 |
| Total Number of Mortgage Loan Applications Processed | 47 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $5,924,000 |
| Average Mortgage Loan Amount Applied For | $187,111 |
| Highest Mortgage Loan Amount Applied For | $1,449,000 |
| Average Applicant Income | $136,555 |
| Highest Applicant Income | $1,737,000 |
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| Home Improvement |
12 | $234,000 |
$19,000 | $68,000 |
$95,000 | $286,000 |
| Home Purchase |
23 | $4,108,000 |
$178,000 | $1,449,000 |
$224,000 | $1,737,000 |
| Refinancing |
12 | $1,582,000 |
$131,000 | $404,000 |
$103,000 | $334,000 |
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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 |
7 | $463,000 |
$66,000 | $370,000 |
$68,000 | $192,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
1 | $194,000 |
$194,000 | $194,000 |
$109,000 | $109,000 |
| Not applicable |
7 | $2,304,000 |
$329,000 | $1,449,000 |
$0 | $0 |
| Not Provided |
2 | $180,000 |
$90,000 | $103,000 |
$263,000 | $318,000 |
| White |
30 | $2,783,000 |
$92,000 | $404,000 |
$214,000 | $1,737,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
47 | $5,924,000 |
$126,000 | $1,449,000 |
$160,000 | $1,737,000 |
| 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 |
6 | $188,000 |
$31,000 | $85,000 |
$99,000 | $318,000 |
| Application Withdrawn By Applicant |
2 | $233,000 |
$116,000 | $130,000 |
$140,000 | $209,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
39 | $5,503,000 |
$141,000 | $1,449,000 |
$170,000 | $1,737,000 |
| 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 |
1 | $85,000 |
$85,000 | $85,000 |
$27,000 | $27,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
3 | $20,000 |
$6,000 | $10,000 |
$39,000 | $48,000 |
| Debt-To-Income Ratio |
1 | $77,000 |
$77,000 | $77,000 |
$318,000 | $318,000 |
| 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 |
1 | $6,000 |
$6,000 | $6,000 |
$136,000 | $136,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for BAY COMMUNITY BANK by:
Metropolitan Area And
County
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