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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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EXCHANGE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
EXCHANGE BANK |
| Address | 250 W HANCOCK STREET
MILLEDGEVILLE, GA 31061 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 317 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $31,892,000 |
| Average Mortgage Loan Amount Applied For | $125,093 |
| Highest Mortgage Loan Amount Applied For | $1,144,000 |
| Average Applicant Income | $84,000 |
| Highest Applicant Income | $640,000 |
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| Home Improvement |
18 | $326,000 |
$18,000 | $65,000 |
$43,000 | $101,000 |
| Home Purchase |
112 | $12,195,000 |
$108,000 | $568,000 |
$88,000 | $293,000 |
| Refinancing |
192 | $20,075,000 |
$104,000 | $1,144,000 |
$88,000 | $640,000 |
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| American Indian or Alaskan Native |
1 | $51,000 |
$51,000 | $51,000 |
$52,000 | $52,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
37 | $1,879,000 |
$50,000 | $233,000 |
$72,000 | $216,000 |
| Hispanic |
5 | $234,000 |
$46,000 | $85,000 |
$61,000 | $113,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
10 | $925,000 |
$92,000 | $197,000 |
$0 | $0 |
| Not Provided |
1 | $60,000 |
$60,000 | $60,000 |
$78,000 | $78,000 |
| White |
268 | $29,447,000 |
$109,000 | $1,144,000 |
$91,000 | $640,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
322 | $32,596,000 |
$101,000 | $1,144,000 |
$86,000 | $640,000 |
| 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 |
24 | $2,902,000 |
$120,000 | $417,000 |
$60,000 | $136,000 |
| Application Denied By Financial Institution |
35 | $3,670,000 |
$104,000 | $380,000 |
$51,000 | $129,000 |
| Application Withdrawn By Applicant |
2 | $335,000 |
$167,000 | $215,000 |
$45,000 | $91,000 |
| File Closed For Incompleteness |
1 | $84,000 |
$84,000 | $84,000 |
$134,000 | $134,000 |
| Loan Originated |
260 | $25,605,000 |
$98,000 | $1,144,000 |
$93,000 | $640,000 |
| 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 |
4 | $723,000 |
$180,000 | $200,000 |
$88,000 | $129,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
16 | $1,373,000 |
$85,000 | $233,000 |
$39,000 | $93,000 |
| Debt-To-Income Ratio |
14 | $1,554,000 |
$111,000 | $380,000 |
$58,000 | $110,000 |
| 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 | $20,000 |
$20,000 | $20,000 |
$23,000 | $23,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for EXCHANGE BANK by:
Metropolitan Area And
County
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