|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
CLASSIC BANK
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
CLASSIC BANK |
| Address | 344 17TH STREET, P.O. BOX 1527
ASHLAND, KY 41105-1527 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2004 |
| All Data Years | 2003 2004 |
| Total Number of Mortgage Loan Applications Processed | 401 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $34,977,000 |
| Average Mortgage Loan Amount Applied For | $145,250 |
| Highest Mortgage Loan Amount Applied For | $700,000 |
| Average Applicant Income | $132,250 |
| Highest Applicant Income | $1,000,000 |
|
|
|
| Home Improvement |
4 | $140,000 |
$35,000 | $56,000 |
$44,000 | $73,000 |
| Home Purchase |
154 | $15,123,000 |
$261,750 | $700,000 |
$222,000 | $1,000,000 |
| Refinancing |
243 | $19,714,000 |
$84,000 | $474,000 |
$62,000 | $576,000 |
|
|
| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $331,000 |
$331,000 | $331,000 |
$95,000 | $95,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
4 | $1,167,000 |
$291,000 | $556,000 |
$503,000 | $790,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1 | $65,000 |
$65,000 | $65,000 |
$21,000 | $21,000 |
| White |
395 | $33,414,000 |
$229,200 | $700,000 |
$181,800 | $1,000,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
401 | $34,977,000 |
$230,000 | $700,000 |
$186,600 | $1,000,000 |
| 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 |
|
|
| Application Approved But Not Accepted |
1 | $74,000 |
$74,000 | $74,000 |
$74,000 | $74,000 |
| Application Denied By Financial Institution |
23 | $1,625,000 |
$67,500 | $325,000 |
$39,000 | $117,000 |
| Application Withdrawn By Applicant |
9 | $825,000 |
$93,000 | $175,000 |
$53,500 | $110,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
368 | $32,453,000 |
$230,200 | $700,000 |
$194,800 | $1,000,000 |
| 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 |
|
|
| Collateral |
1 | $40,000 |
$40,000 | $40,000 |
$18,000 | $18,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
19 | $1,037,000 |
$53,500 | $300,000 |
$33,500 | $80,000 |
| Debt-To-Income Ratio |
3 | $548,000 |
$143,500 | $325,000 |
$61,500 | $117,000 |
| 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 |
|
Mortgage Loan App Totals for CLASSIC BANK by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
