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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 BANKING COMPANY
Mortgage Loans and Application Details
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| Mortgage Company Name |
COMMERCIAL BANKING COMPANY |
| Address | 3462 NORTH VALDOSTA ROAD
VALDOSTA, GA 31602 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 229 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $25,758,000 |
| Average Mortgage Loan Amount Applied For | $134,105 |
| Highest Mortgage Loan Amount Applied For | $1,081,000 |
| Average Applicant Income | $100,052 |
| Highest Applicant Income | $661,000 |
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| Home Improvement |
32 | $915,000 |
$28,000 | $175,000 |
$57,000 | $241,000 |
| Home Purchase |
85 | $12,396,000 |
$145,000 | $889,000 |
$80,000 | $526,000 |
| Refinancing |
113 | $12,582,000 |
$111,000 | $1,081,000 |
$77,000 | $661,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
3 | $282,000 |
$94,000 | $177,000 |
$140,000 | $329,000 |
| Black or African American |
13 | $881,000 |
$67,000 | $255,000 |
$49,000 | $95,000 |
| Hispanic |
1 | $48,000 |
$48,000 | $48,000 |
$29,000 | $29,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
20 | $4,155,000 |
$207,000 | $1,081,000 |
$0 | $0 |
| Not Provided |
3 | $506,000 |
$168,000 | $352,000 |
$81,000 | $126,000 |
| White |
190 | $20,021,000 |
$105,000 | $889,000 |
$84,000 | $661,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
229 | $25,795,000 |
$112,000 | $1,081,000 |
$75,000 | $661,000 |
| 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) |
1 | $98,000 |
$98,000 | $98,000 |
$48,000 | $48,000 |
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| Application Approved But Not Accepted |
2 | $237,000 |
$118,000 | $166,000 |
$196,000 | $294,000 |
| Application Denied By Financial Institution |
22 | $1,309,000 |
$59,000 | $243,000 |
$39,000 | $90,000 |
| Application Withdrawn By Applicant |
8 | $508,000 |
$63,000 | $150,000 |
$59,000 | $120,000 |
| File Closed For Incompleteness |
1 | $115,000 |
$115,000 | $115,000 |
$37,000 | $37,000 |
| Loan Originated |
197 | $23,724,000 |
$120,000 | $1,081,000 |
$79,000 | $661,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
17 | $891,000 |
$52,000 | $175,000 |
$39,000 | $75,000 |
| Debt-To-Income Ratio |
4 | $364,000 |
$91,000 | $243,000 |
$42,000 | $90,000 |
| 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 |
1 | $54,000 |
$54,000 | $54,000 |
$43,000 | $43,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for COMMERCIAL BANKING COMPANY by:
Metropolitan Area And
County
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