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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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FARMERS BANK OF MARYLAND
Mortgage Loans and Application Details
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| Mortgage Company Name |
FARMERS BANK OF MARYLAND |
| 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 | 1,045 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $105,256,000 |
| Average Mortgage Loan Amount Applied For | $85,947 |
| Highest Mortgage Loan Amount Applied For | $750,000 |
| Average Applicant Income | $68,210 |
| Highest Applicant Income | $431,000 |
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| Home Improvement (one-to-four family) |
121 | $5,004,000 |
$23,500 | $220,000 |
$52,000 | $275,000 |
| Home Purchase (one-to-four family) |
22 | $2,180,000 |
$99,000 | $260,000 |
$69,000 | $121,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
902 | $98,072,000 |
$78,000 | $750,000 |
$69,000 | $431,000 |
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| American Indian or Alaskan Native |
2 | $131,000 |
$65,000 | $96,000 |
$85,000 | $110,000 |
| Asian or Pacific Islander |
15 | $1,731,000 |
$115,000 | $250,000 |
$70,000 | $150,000 |
| Black |
91 | $8,976,000 |
$98,000 | $350,000 |
$60,000 | $202,000 |
| Hispanic |
13 | $1,682,000 |
$129,000 | $205,000 |
$78,000 | $131,000 |
| Information not provided by applicant in mail or telephone application |
158 | $16,974,000 |
$107,000 | $400,000 |
$79,000 | $360,000 |
| Not applicable |
1 | $220,000 |
$220,000 | $220,000 |
$258,000 | $258,000 |
| Other |
4 | $325,000 |
$81,000 | $152,000 |
$81,000 | $109,000 |
| White |
761 | $75,217,000 |
$63,000 | $750,000 |
$59,000 | $431,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,038 | $105,134,000 |
$64,000 | $750,000 |
$60,500 | $431,000 |
| FHA-insured (Federal Housing Administration) |
7 | $122,000 |
$17,000 | $25,000 |
$81,000 | $160,000 |
| 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 |
74 | $7,568,000 |
$102,000 | $300,000 |
$80,000 | $244,000 |
| Application Denied By Financial Institution |
96 | $10,698,000 |
$111,000 | $395,000 |
$51,000 | $172,000 |
| Application Withdrawn By Applicant |
239 | $27,704,000 |
$115,000 | $400,000 |
$84,000 | $360,000 |
| File Closed For Incompleteness |
1 | $75,000 |
$75,000 | $75,000 |
$20,000 | $20,000 |
| Loan Originated |
635 | $59,211,000 |
$60,000 | $750,000 |
$62,500 | $431,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
1 | $129,000 |
$129,000 | $129,000 |
$65,000 | $65,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
43 | $5,006,000 |
$116,000 | $350,000 |
$67,000 | $172,000 |
| Debt-To-Income Ratio |
52 | $5,563,000 |
$106,000 | $395,000 |
$37,000 | $161,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FARMERS BANK OF MARYLAND by:
Metropolitan Area And
County
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