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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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COASTAL FEDERAL BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
COASTAL FEDERAL BANK |
| Address | 2619 OAK STREET
MYRTLE BEACH, SC 29577 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,112 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $228,600,000 |
| Average Mortgage Loan Amount Applied For | $230,071 |
| Highest Mortgage Loan Amount Applied For | $2,000,000 |
| Average Applicant Income | $70,500 |
| Highest Applicant Income | $2,916,000 |
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| Home Improvement |
6 | $2,233,000 |
$372,000 | $778,000 |
$12,000 | $74,000 |
| Home Purchase |
751 | $154,359,000 |
$205,000 | $1,200,000 |
$80,000 | $2,916,000 |
| Refinancing |
355 | $72,008,000 |
$202,000 | $2,000,000 |
$71,000 | $2,067,000 |
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| American Indian or Alaskan Native |
4 | $479,000 |
$119,000 | $198,000 |
$80,000 | $156,000 |
| Asian |
10 | $1,529,000 |
$152,000 | $304,000 |
$30,000 | $71,000 |
| Black or African American |
16 | $2,722,000 |
$170,000 | $480,000 |
$45,000 | $199,000 |
| Hispanic |
7 | $1,296,000 |
$185,000 | $345,000 |
$35,000 | $106,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
196 | $44,189,000 |
$225,000 | $942,000 |
$105,000 | $2,916,000 |
| White |
879 | $178,385,000 |
$202,000 | $2,000,000 |
$72,000 | $2,081,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,105 | $227,773,000 |
$206,000 | $2,000,000 |
$77,000 | $2,916,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
7 | $827,000 |
$118,000 | $167,000 |
$41,000 | $49,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
7 | $2,614,000 |
$373,000 | $770,000 |
$142,000 | $690,000 |
| Application Denied By Financial Institution |
132 | $22,314,000 |
$169,000 | $803,000 |
$49,000 | $342,000 |
| Application Withdrawn By Applicant |
90 | $19,291,000 |
$214,000 | $1,200,000 |
$63,000 | $938,000 |
| File Closed For Incompleteness |
5 | $765,000 |
$153,000 | $184,000 |
$19,000 | $59,000 |
| Loan Originated |
878 | $183,616,000 |
$209,000 | $2,000,000 |
$82,000 | $2,916,000 |
| 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 |
6 | $920,000 |
$153,000 | $415,000 |
$43,000 | $150,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
43 | $5,899,000 |
$137,000 | $500,000 |
$52,000 | $162,000 |
| Debt-To-Income Ratio |
57 | $11,286,000 |
$198,000 | $803,000 |
$49,000 | $287,000 |
| Employment History |
1 | $81,000 |
$81,000 | $81,000 |
$50,000 | $50,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $352,000 |
$176,000 | $260,000 |
$62,000 | $90,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
22 | $3,651,000 |
$165,000 | $530,000 |
$43,000 | $342,000 |
| Unverifiable Information |
1 | $125,000 |
$125,000 | $125,000 |
$12,000 | $12,000 |
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Mortgage Loan App Totals for COASTAL FEDERAL BANK by:
Metropolitan Area And
County
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