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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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EQUITABLE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
EQUITABLE BANK |
| Address | 223 WEST NASH STREET
WILSON, NC 27893 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 153 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $42,197,000 |
| Average Mortgage Loan Amount Applied For | $303,315 |
| Highest Mortgage Loan Amount Applied For | $1,826,000 |
| Average Applicant Income | $140,263 |
| Highest Applicant Income | $611,000 |
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| Home Improvement (one-to-four family) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase (one-to-four family) |
10 | $1,506,000 |
$176,000 | $464,000 |
$80,333 | $242,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
143 | $40,691,000 |
$364,500 | $1,826,000 |
$123,750 | $611,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian or Pacific Islander |
3 | $717,000 |
$239,000 | $315,000 |
$110,000 | $230,000 |
| Black |
9 | $1,551,000 |
$208,000 | $335,000 |
$152,000 | $317,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Information not provided by applicant in mail or telephone application |
24 | $4,968,000 |
$252,500 | $523,000 |
$83,500 | $324,000 |
| Not applicable |
1 | $148,000 |
$148,000 | $148,000 |
$0 | $0 |
| Other |
1 | $175,000 |
$175,000 | $175,000 |
$75,000 | $75,000 |
| White |
115 | $34,638,000 |
$335,400 | $1,826,000 |
$118,000 | $611,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
153 | $42,197,000 |
$307,000 | $1,826,000 |
$107,000 | $611,000 |
| 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 |
1 | $221,000 |
$221,000 | $221,000 |
$84,000 | $84,000 |
| Application Denied By Financial Institution |
1 | $500,000 |
$500,000 | $500,000 |
$100,000 | $100,000 |
| Application Withdrawn By Applicant |
28 | $7,186,000 |
$275,000 | $600,000 |
$134,750 | $240,000 |
| File Closed For Incompleteness |
12 | $2,572,000 |
$241,500 | $515,000 |
$88,000 | $324,000 |
| Loan Originated |
111 | $31,718,000 |
$342,200 | $1,826,000 |
$102,800 | $611,000 |
| Loan Purchased By The 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 |
1 | $500,000 |
$500,000 | $500,000 |
$100,000 | $100,000 |
| 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 EQUITABLE BANK by:
Metropolitan Area And
County
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