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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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CORNERSTONE COMMUNITY BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
CORNERSTONE COMMUNITY BANK |
| Address | 6401 LEE HIGHWAY, SUITE B
CHATTANOOGA, TN 37421 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 231 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $32,109,000 |
| Average Mortgage Loan Amount Applied For | $179,153 |
| Highest Mortgage Loan Amount Applied For | $2,432,000 |
| Average Applicant Income | $74,923 |
| Highest Applicant Income | $785,000 |
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| Home Improvement |
27 | $1,007,000 |
$37,000 | $170,000 |
$85,000 | $279,000 |
| Home Purchase |
102 | $15,420,000 |
$151,000 | $2,432,000 |
$57,000 | $353,000 |
| Refinancing |
102 | $15,682,000 |
$153,000 | $1,462,000 |
$79,000 | $785,000 |
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| American Indian or Alaskan Native |
1 | $4,000 |
$4,000 | $4,000 |
$8,000 | $8,000 |
| Asian |
4 | $420,000 |
$105,000 | $180,000 |
$23,000 | $44,000 |
| Black or African American |
21 | $1,651,000 |
$78,000 | $238,000 |
$59,000 | $236,000 |
| Hispanic |
1 | $59,000 |
$59,000 | $59,000 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
19 | $6,893,000 |
$362,000 | $2,432,000 |
$0 | $0 |
| Not Provided |
2 | $266,000 |
$133,000 | $140,000 |
$40,000 | $62,000 |
| White |
183 | $22,816,000 |
$124,000 | $1,300,000 |
$80,000 | $785,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
231 | $32,109,000 |
$139,000 | $2,432,000 |
$70,000 | $785,000 |
| 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 |
13 | $1,288,000 |
$99,000 | $150,000 |
$56,000 | $216,000 |
| Application Denied By Financial Institution |
11 | $1,444,000 |
$131,000 | $400,000 |
$68,000 | $180,000 |
| Application Withdrawn By Applicant |
13 | $1,567,000 |
$120,000 | $408,000 |
$49,000 | $200,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
194 | $27,810,000 |
$143,000 | $2,432,000 |
$72,000 | $785,000 |
| 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 | $15,000 |
$15,000 | $15,000 |
$27,000 | $27,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
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Mortgage Loan App Totals for CORNERSTONE COMMUNITY BANK by:
Metropolitan Area And
County
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