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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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COOPERATIVE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
COOPERATIVE BANK |
| Address | 201 MARKET ST
WILMINGTON, NC 28401 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 536 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $123,787,000 |
| Average Mortgage Loan Amount Applied For | $210,500 |
| Highest Mortgage Loan Amount Applied For | $3,900,000 |
| Average Applicant Income | $116,136 |
| Highest Applicant Income | $2,008,000 |
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| Home Improvement |
20 | $1,446,000 |
$72,000 | $369,000 |
$74,000 | $209,000 |
| Home Purchase |
306 | $80,286,000 |
$262,000 | $3,900,000 |
$136,000 | $2,008,000 |
| Refinancing |
210 | $42,055,000 |
$200,000 | $1,350,000 |
$141,000 | $1,525,000 |
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| American Indian or Alaskan Native |
1 | $325,000 |
$325,000 | $325,000 |
$95,000 | $95,000 |
| Asian |
5 | $1,152,000 |
$230,000 | $417,000 |
$94,000 | $130,000 |
| Black or African American |
18 | $2,024,000 |
$112,000 | $310,000 |
$65,000 | $149,000 |
| Hispanic |
7 | $3,404,000 |
$486,000 | $2,600,000 |
$105,000 | $400,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $105,000 |
$105,000 | $105,000 |
$78,000 | $78,000 |
| Not applicable |
100 | $28,730,000 |
$287,000 | $2,085,000 |
$201,000 | $2,008,000 |
| Not Provided |
10 | $1,571,000 |
$157,000 | $300,000 |
$88,000 | $198,000 |
| White |
394 | $86,476,000 |
$219,000 | $3,900,000 |
$125,000 | $1,320,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
533 | $123,501,000 |
$231,000 | $3,900,000 |
$136,000 | $2,008,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
3 | $286,000 |
$95,000 | $133,000 |
$48,000 | $55,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
15 | $7,546,000 |
$503,000 | $1,598,000 |
$184,000 | $683,000 |
| Application Denied By Financial Institution |
6 | $3,097,000 |
$516,000 | $2,600,000 |
$92,000 | $400,000 |
| Application Withdrawn By Applicant |
58 | $17,700,000 |
$305,000 | $3,900,000 |
$116,000 | $1,320,000 |
| File Closed For Incompleteness |
1 | $106,000 |
$106,000 | $106,000 |
$0 | $0 |
| Loan Originated |
456 | $95,338,000 |
$209,000 | $2,360,000 |
$137,000 | $2,008,000 |
| 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 |
1 | $88,000 |
$88,000 | $88,000 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $66,000 |
$66,000 | $66,000 |
$40,000 | $40,000 |
| Debt-To-Income Ratio |
2 | $2,800,000 |
$1,400,000 | $2,600,000 |
$239,000 | $400,000 |
| 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 | $60,000 |
$60,000 | $60,000 |
$37,000 | $37,000 |
| Unverifiable Information |
1 | $83,000 |
$83,000 | $83,000 |
$0 | $0 |
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Mortgage Loan App Totals for COOPERATIVE BANK by:
Metropolitan Area And
County
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