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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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EQUIFIRST CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
EQUIFIRST CORPORATION |
| Address | 500 FOREST POINT CIRCLE
CHARLOTTE, NC 28273 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 183,099 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $31,280,731,000 |
| Average Mortgage Loan Amount Applied For | $127,069 |
| Highest Mortgage Loan Amount Applied For | $1,890,000 |
| Average Applicant Income | $90,463 |
| Highest Applicant Income | $9,999,000 |
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| Home Improvement |
3,656 | $733,658,000 |
$200,000 | $1,450,000 |
$81,000 | $1,557,000 |
| Home Purchase |
73,976 | $10,992,560,000 |
$148,000 | $1,890,000 |
$101,000 | $9,999,000 |
| Refinancing |
105,468 | $19,554,693,000 |
$185,000 | $1,700,000 |
$114,000 | $9,999,000 |
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| American Indian or Alaskan Native |
731 | $131,915,000 |
$180,000 | $850,000 |
$129,000 | $9,999,000 |
| Asian |
3,183 | $740,390,000 |
$232,000 | $1,184,000 |
$148,000 | $9,999,000 |
| Black or African American |
31,406 | $4,948,346,000 |
$157,000 | $1,388,000 |
$81,000 | $9,999,000 |
| Hispanic |
29,890 | $5,708,530,000 |
$190,000 | $1,065,000 |
$138,000 | $9,999,000 |
| Native Hawaiin or Other Pacific Islander |
662 | $147,683,000 |
$223,000 | $784,000 |
$138,000 | $6,000,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
41,375 | $7,476,527,000 |
$180,000 | $1,700,000 |
$117,000 | $9,999,000 |
| White |
75,853 | $12,127,520,000 |
$159,000 | $1,890,000 |
$100,000 | $9,999,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
183,100 | $31,280,911,000 |
$170,000 | $1,890,000 |
$108,000 | $9,999,000 |
| 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 |
2,595 | $490,647,000 |
$189,000 | $1,218,000 |
$83,000 | $3,776,000 |
| Application Denied By Financial Institution |
26,402 | $4,725,987,000 |
$179,000 | $1,890,000 |
$100,000 | $9,999,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
86,719 | $15,373,729,000 |
$177,000 | $1,700,000 |
$134,000 | $9,999,000 |
| Loan Originated |
67,384 | $10,690,548,000 |
$158,000 | $1,452,000 |
$78,000 | $8,922,000 |
| 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 |
1,684 | $301,322,000 |
$178,000 | $1,120,000 |
$105,000 | $9,999,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
12,214 | $2,087,804,000 |
$170,000 | $1,440,000 |
$115,000 | $9,999,000 |
| Debt-To-Income Ratio |
6,217 | $1,130,488,000 |
$181,000 | $1,360,000 |
$66,000 | $840,000 |
| Employment History |
457 | $78,708,000 |
$172,000 | $780,000 |
$76,000 | $576,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
5,660 | $1,092,169,000 |
$192,000 | $1,890,000 |
$106,000 | $9,999,000 |
| Unverifiable Information |
170 | $35,496,000 |
$208,000 | $798,000 |
$91,000 | $284,000 |
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Mortgage Loan App Totals for EQUIFIRST CORPORATION by:
Metropolitan Area And
County
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