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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 COMMERCE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
CAROLINA COMMERCE BANK |
| Address | 534 SOUTH NEW HOPE ROAD
GASTONIA, NC 28054 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 119 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $18,478,000 |
| Average Mortgage Loan Amount Applied For | $216,692 |
| Highest Mortgage Loan Amount Applied For | $1,085,000 |
| Average Applicant Income | $124,923 |
| Highest Applicant Income | $610,000 |
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| Home Improvement |
2 | $489,000 |
$244,000 | $475,000 |
$11,000 | $22,000 |
| Home Purchase |
73 | $11,294,000 |
$154,000 | $1,085,000 |
$72,000 | $420,000 |
| Refinancing |
46 | $6,930,000 |
$150,000 | $721,000 |
$81,000 | $610,000 |
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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 |
4 | $546,000 |
$136,000 | $203,000 |
$74,000 | $99,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
34 | $4,917,000 |
$144,000 | $921,000 |
$0 | $0 |
| Not Provided |
3 | $393,000 |
$131,000 | $192,000 |
$72,000 | $120,000 |
| White |
80 | $12,857,000 |
$160,000 | $1,085,000 |
$106,000 | $610,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
121 | $18,713,000 |
$154,000 | $1,085,000 |
$74,000 | $610,000 |
| 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 |
16 | $1,431,000 |
$89,000 | $150,000 |
$59,000 | $180,000 |
| Application Withdrawn By Applicant |
50 | $10,286,000 |
$205,000 | $1,085,000 |
$99,000 | $610,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
55 | $6,996,000 |
$127,000 | $921,000 |
$56,000 | $420,000 |
| 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 | $324,000 |
$81,000 | $146,000 |
$62,000 | $118,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
6 | $513,000 |
$85,000 | $127,000 |
$61,000 | $101,000 |
| Debt-To-Income Ratio |
3 | $321,000 |
$107,000 | $150,000 |
$36,000 | $47,000 |
| 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 |
2 | $220,000 |
$110,000 | $117,000 |
$105,000 | $180,000 |
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Mortgage Loan App Totals for CAROLINA COMMERCE BANK by:
Metropolitan Area And
County
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