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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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CAROLINA BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
CAROLINA BANK |
| Address | 2604 LAWNDALE DRIVE
GREENSBORO, NC 27408 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 122 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $40,455,000 |
| Average Mortgage Loan Amount Applied For | $799,000 |
| Highest Mortgage Loan Amount Applied For | $5,600,000 |
| Average Applicant Income | $108,760 |
| Highest Applicant Income | $890,000 |
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| Home Improvement |
7 | $958,000 |
$136,000 | $300,000 |
$105,000 | $220,000 |
| Home Purchase |
90 | $32,492,000 |
$361,000 | $5,600,000 |
$69,000 | $627,000 |
| Refinancing |
25 | $7,005,000 |
$280,000 | $1,800,000 |
$144,000 | $890,000 |
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| American Indian or Alaskan Native |
2 | $380,000 |
$190,000 | $300,000 |
$133,000 | $220,000 |
| Asian |
1 | $50,000 |
$50,000 | $50,000 |
$37,000 | $37,000 |
| Black or African American |
6 | $494,000 |
$82,000 | $221,000 |
$70,000 | $191,000 |
| Hispanic |
4 | $1,298,000 |
$324,000 | $500,000 |
$6,000 | $27,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
48 | $25,216,000 |
$525,000 | $5,600,000 |
$0 | $0 |
| Not Provided |
2 | $246,000 |
$123,000 | $218,000 |
$89,000 | $96,000 |
| White |
59 | $12,771,000 |
$216,000 | $1,120,000 |
$163,000 | $890,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
122 | $40,455,000 |
$331,000 | $5,600,000 |
$86,000 | $890,000 |
| 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 | $349,000 |
$174,000 | $221,000 |
$46,000 | $53,000 |
| Application Denied By Financial Institution |
2 | $100,000 |
$50,000 | $50,000 |
$18,000 | $37,000 |
| Application Withdrawn By Applicant |
7 | $2,529,000 |
$361,000 | $800,000 |
$207,000 | $454,000 |
| File Closed For Incompleteness |
1 | $73,000 |
$73,000 | $73,000 |
$36,000 | $36,000 |
| Loan Originated |
110 | $37,404,000 |
$340,000 | $5,600,000 |
$81,000 | $890,000 |
| 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 | $50,000 |
$50,000 | $50,000 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
1 | $50,000 |
$50,000 | $50,000 |
$37,000 | $37,000 |
| 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 CAROLINA BANK by:
Metropolitan Area And
County
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