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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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CUMBERLAND BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
CUMBERLAND BANK |
| Address | 231 SOUTH ROYAL OAKS BOULEVARD
FRANKLIN, TN 37064 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 968 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $155,656,000 |
| Average Mortgage Loan Amount Applied For | $140,478 |
| Highest Mortgage Loan Amount Applied For | $1,500,000 |
| Average Applicant Income | $110,956 |
| Highest Applicant Income | $1,908,000 |
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| Home Improvement |
86 | $4,678,000 |
$54,000 | $963,000 |
$71,000 | $475,000 |
| Home Purchase |
617 | $109,348,000 |
$177,000 | $1,500,000 |
$87,000 | $1,908,000 |
| Refinancing |
265 | $41,630,000 |
$157,000 | $900,000 |
$81,000 | $761,000 |
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| American Indian or Alaskan Native |
3 | $862,000 |
$287,000 | $416,000 |
$92,000 | $132,000 |
| Asian |
5 | $1,024,000 |
$204,000 | $306,000 |
$78,000 | $148,000 |
| Black or African American |
26 | $2,429,000 |
$93,000 | $320,000 |
$58,000 | $120,000 |
| Hispanic |
12 | $2,001,000 |
$166,000 | $380,000 |
$71,000 | $138,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $136,000 |
$136,000 | $136,000 |
$61,000 | $61,000 |
| Not applicable |
64 | $14,889,000 |
$232,000 | $900,000 |
$10,000 | $419,000 |
| Not Provided |
44 | $9,800,000 |
$222,000 | $582,000 |
$86,000 | $265,000 |
| White |
813 | $124,515,000 |
$153,000 | $1,500,000 |
$90,000 | $1,908,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
908 | $148,825,000 |
$163,000 | $1,500,000 |
$87,000 | $1,908,000 |
| FHA-insured (Federal Housing Administration) |
49 | $5,654,000 |
$115,000 | $193,000 |
$42,000 | $93,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
6 | $664,000 |
$110,000 | $123,000 |
$39,000 | $51,000 |
| VA-guaranteed (Veterans Administration) |
5 | $513,000 |
$102,000 | $133,000 |
$30,000 | $57,000 |
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| Application Approved But Not Accepted |
55 | $10,468,000 |
$190,000 | $582,000 |
$72,000 | $242,000 |
| Application Denied By Financial Institution |
54 | $4,958,000 |
$91,000 | $428,000 |
$39,000 | $120,000 |
| Application Withdrawn By Applicant |
68 | $10,355,000 |
$152,000 | $583,000 |
$74,000 | $238,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
791 | $129,875,000 |
$164,000 | $1,500,000 |
$88,000 | $1,908,000 |
| 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 |
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 CUMBERLAND BANK by:
Metropolitan Area And
County
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