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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 & MERCHANTS BK OF CC
Mortgage Loans and Application Details
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| Mortgage Company Name |
FARMERS & MERCHANTS BK OF CC |
| Address | P. O. BOX 40
NEW CASTLE, VA 24127-0400 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 128 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $7,739,000 |
| Average Mortgage Loan Amount Applied For | $76,142 |
| Highest Mortgage Loan Amount Applied For | $275,000 |
| Average Applicant Income | $45,428 |
| Highest Applicant Income | $120,000 |
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| Home Improvement |
4 | $156,000 |
$39,000 | $85,000 |
$51,000 | $81,000 |
| Home Purchase |
23 | $1,802,000 |
$78,000 | $200,000 |
$52,000 | $113,000 |
| Refinancing |
101 | $5,781,000 |
$57,000 | $275,000 |
$47,000 | $120,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
128 | $7,739,000 |
$60,000 | $275,000 |
$48,000 | $120,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
128 | $7,739,000 |
$60,000 | $275,000 |
$48,000 | $120,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
3 | $70,000 |
$23,000 | $30,000 |
$49,000 | $94,000 |
| Application Withdrawn By Applicant |
3 | $237,000 |
$79,000 | $133,000 |
$48,000 | $68,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
122 | $7,432,000 |
$60,000 | $275,000 |
$48,000 | $120,000 |
| 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 |
1 | $15,000 |
$15,000 | $15,000 |
$27,000 | $27,000 |
| Debt-To-Income Ratio |
1 | $30,000 |
$30,000 | $30,000 |
$94,000 | $94,000 |
| Employment History |
1 | $25,000 |
$25,000 | $25,000 |
$28,000 | $28,000 |
| 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 FARMERS & MERCHANTS BK OF CC by:
Metropolitan Area And
County
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