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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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COMMERCIAL BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
COMMERCIAL BANK |
| Address | 6710 CUMBERLAND GAP PKWY
HARROGATE, TN 37752 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 786 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $50,367,000 |
| Average Mortgage Loan Amount Applied For | $111,142 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $62,214 |
| Highest Applicant Income | $452,000 |
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| Home Improvement |
229 | $5,035,000 |
$21,000 | $350,000 |
$43,000 | $279,000 |
| Home Purchase |
258 | $24,145,000 |
$93,000 | $1,000,000 |
$66,000 | $444,000 |
| Refinancing |
301 | $21,479,000 |
$71,000 | $654,000 |
$50,000 | $452,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
3 | $1,039,000 |
$346,000 | $880,000 |
$135,000 | $213,000 |
| Black or African American |
13 | $953,000 |
$73,000 | $162,000 |
$40,000 | $63,000 |
| Hispanic |
1 | $96,000 |
$96,000 | $96,000 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
21 | $3,030,000 |
$144,000 | $1,000,000 |
$0 | $0 |
| Not Provided |
3 | $618,000 |
$206,000 | $503,000 |
$101,000 | $276,000 |
| White |
747 | $44,923,000 |
$60,000 | $654,000 |
$55,000 | $452,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
788 | $50,659,000 |
$64,000 | $1,000,000 |
$53,000 | $452,000 |
| 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 | $3,269,000 |
$121,000 | $536,000 |
$81,000 | $444,000 |
| Application Denied By Financial Institution |
109 | $6,481,000 |
$59,000 | $484,000 |
$46,000 | $197,000 |
| Application Withdrawn By Applicant |
46 | $4,296,000 |
$93,000 | $503,000 |
$62,000 | $276,000 |
| File Closed For Incompleteness |
3 | $244,000 |
$81,000 | $108,000 |
$55,000 | $75,000 |
| Loan Originated |
603 | $36,369,000 |
$60,000 | $1,000,000 |
$53,000 | $452,000 |
| 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 |
19 | $1,482,000 |
$78,000 | $273,000 |
$50,000 | $130,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
65 | $3,111,000 |
$47,000 | $210,000 |
$34,000 | $100,000 |
| Debt-To-Income Ratio |
10 | $848,000 |
$84,000 | $484,000 |
$44,000 | $119,000 |
| Employment History |
1 | $28,000 |
$28,000 | $28,000 |
$30,000 | $30,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
7 | $543,000 |
$77,000 | $155,000 |
$47,000 | $100,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $65,000 |
$65,000 | $65,000 |
$27,000 | $27,000 |
| Unverifiable Information |
6 | $404,000 |
$67,000 | $93,000 |
$166,000 | $197,000 |
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Mortgage Loan App Totals for COMMERCIAL BANK by:
Metropolitan Area And
County
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