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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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CENTRAL VIRGINIA BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
CENTRAL VIRGINIA BANK |
| Address | P. O. BOX 39
POWHATAN, VA 23139 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 123 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $8,729,000 |
| Average Mortgage Loan Amount Applied For | $92,666 |
| Highest Mortgage Loan Amount Applied For | $450,000 |
| Average Applicant Income | $61,916 |
| Highest Applicant Income | $384,000 |
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| Home Improvement |
68 | $899,000 |
$13,000 | $78,000 |
$46,000 | $145,000 |
| Home Purchase |
23 | $3,423,000 |
$148,000 | $450,000 |
$66,000 | $300,000 |
| Refinancing |
32 | $4,407,000 |
$137,000 | $378,000 |
$77,000 | $384,000 |
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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 |
29 | $674,000 |
$23,000 | $140,000 |
$35,000 | $116,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
94 | $8,055,000 |
$85,000 | $450,000 |
$65,000 | $384,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
123 | $8,729,000 |
$70,000 | $450,000 |
$58,000 | $384,000 |
| 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 |
3 | $66,000 |
$22,000 | $30,000 |
$56,000 | $71,000 |
| Application Denied By Financial Institution |
26 | $1,396,000 |
$53,000 | $300,000 |
$44,000 | $115,000 |
| Application Withdrawn By Applicant |
3 | $83,000 |
$27,000 | $53,000 |
$34,000 | $56,000 |
| File Closed For Incompleteness |
2 | $54,000 |
$27,000 | $28,000 |
$21,000 | $28,000 |
| Loan Originated |
89 | $7,130,000 |
$80,000 | $450,000 |
$63,000 | $384,000 |
| 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 | $5,000 |
$5,000 | $5,000 |
$27,000 | $27,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
16 | $860,000 |
$53,000 | $300,000 |
$43,000 | $111,000 |
| Debt-To-Income Ratio |
7 | $450,000 |
$64,000 | $225,000 |
$43,000 | $72,000 |
| Employment History |
1 | $3,000 |
$3,000 | $3,000 |
$17,000 | $17,000 |
| 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 |
1 | $78,000 |
$78,000 | $78,000 |
$115,000 | $115,000 |
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Mortgage Loan App Totals for CENTRAL VIRGINIA BANK by:
Metropolitan Area And
County
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