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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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CHESAPEAKE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
CHESAPEAKE BANK |
| Address | P O BOX 2256
KILMARNOCK, VA 22482 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 242 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $44,211,000 |
| Average Mortgage Loan Amount Applied For | $205,764 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $115,470 |
| Highest Applicant Income | $1,181,000 |
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| Home Improvement |
1 | $30,000 |
$30,000 | $30,000 |
$178,000 | $178,000 |
| Home Purchase |
91 | $20,886,000 |
$229,000 | $1,000,000 |
$109,000 | $1,181,000 |
| Refinancing |
151 | $23,380,000 |
$154,000 | $870,000 |
$74,000 | $354,000 |
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| American Indian or Alaskan Native |
1 | $185,000 |
$185,000 | $185,000 |
$69,000 | $69,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
14 | $1,593,000 |
$113,000 | $250,000 |
$45,000 | $99,000 |
| Hispanic |
1 | $250,000 |
$250,000 | $250,000 |
$109,000 | $109,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
4 | $1,219,000 |
$304,000 | $625,000 |
$0 | $0 |
| Not Provided |
39 | $8,735,000 |
$223,000 | $1,000,000 |
$129,000 | $1,181,000 |
| White |
184 | $32,314,000 |
$175,000 | $1,000,000 |
$84,000 | $354,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
243 | $44,296,000 |
$182,000 | $1,000,000 |
$88,000 | $1,181,000 |
| 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 |
27 | $5,130,000 |
$190,000 | $500,000 |
$65,000 | $175,000 |
| Application Denied By Financial Institution |
25 | $4,591,000 |
$183,000 | $1,000,000 |
$74,000 | $245,000 |
| Application Withdrawn By Applicant |
8 | $925,000 |
$115,000 | $160,000 |
$52,000 | $139,000 |
| File Closed For Incompleteness |
4 | $635,000 |
$158,000 | $300,000 |
$98,000 | $166,000 |
| Loan Originated |
179 | $33,015,000 |
$184,000 | $1,000,000 |
$94,000 | $1,181,000 |
| 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 |
2 | $230,000 |
$115,000 | $185,000 |
$86,000 | $104,000 |
| Credit Application Incomplete |
1 | $357,000 |
$357,000 | $357,000 |
$216,000 | $216,000 |
| Credit History |
12 | $1,487,000 |
$123,000 | $335,000 |
$81,000 | $245,000 |
| Debt-To-Income Ratio |
9 | $2,317,000 |
$257,000 | $1,000,000 |
$45,000 | $58,000 |
| Employment History |
1 | $200,000 |
$200,000 | $200,000 |
$81,000 | $81,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for CHESAPEAKE BANK by:
Metropolitan Area And
County
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