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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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CABARRUS BANK & TRUST COMPANY
Mortgage Loans and Application Details
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| Mortgage Company Name |
CABARRUS BANK & TRUST COMPANY |
| Address | PO BOX 1970
CONCORD, NC 28026-1970 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 119 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $17,277,000 |
| Average Mortgage Loan Amount Applied For | $210,916 |
| Highest Mortgage Loan Amount Applied For | $417,000 |
| Average Applicant Income | $163,916 |
| Highest Applicant Income | $1,100,000 |
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| Home Improvement |
5 | $625,000 |
$125,000 | $330,000 |
$159,000 | $523,000 |
| Home Purchase |
61 | $8,914,000 |
$146,000 | $417,000 |
$112,000 | $1,100,000 |
| Refinancing |
53 | $7,738,000 |
$146,000 | $417,000 |
$71,000 | $480,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $180,000 |
$180,000 | $180,000 |
$1,100,000 | $1,100,000 |
| Black or African American |
2 | $130,000 |
$65,000 | $65,000 |
$83,000 | $166,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
1 | $42,000 |
$42,000 | $42,000 |
$0 | $0 |
| Not Provided |
15 | $2,183,000 |
$145,000 | $337,000 |
$81,000 | $304,000 |
| White |
100 | $14,742,000 |
$147,000 | $417,000 |
$89,000 | $523,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
119 | $17,277,000 |
$145,000 | $417,000 |
$95,000 | $1,100,000 |
| 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 |
12 | $2,258,000 |
$188,000 | $300,000 |
$66,000 | $145,000 |
| Application Denied By Financial Institution |
8 | $504,000 |
$63,000 | $146,000 |
$26,000 | $64,000 |
| Application Withdrawn By Applicant |
8 | $1,363,000 |
$170,000 | $312,000 |
$78,000 | $154,000 |
| File Closed For Incompleteness |
2 | $168,000 |
$84,000 | $93,000 |
$35,000 | $44,000 |
| Loan Originated |
89 | $12,984,000 |
$145,000 | $417,000 |
$109,000 | $1,100,000 |
| 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 CABARRUS BANK & TRUST COMPANY by:
Metropolitan Area And
County
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