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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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FIRST EXCHANGE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST EXCHANGE BANK |
| Address | 11 WEST MAIN ST
MANNINGTON, WV 26582 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 243 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $29,030,000 |
| Average Mortgage Loan Amount Applied For | $110,181 |
| Highest Mortgage Loan Amount Applied For | $3,600,000 |
| Average Applicant Income | $62,454 |
| Highest Applicant Income | $559,000 |
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| Home Improvement |
9 | $1,723,000 |
$191,000 | $850,000 |
$36,000 | $81,000 |
| Home Purchase |
108 | $11,433,000 |
$105,000 | $624,000 |
$63,000 | $559,000 |
| Refinancing |
126 | $15,874,000 |
$125,000 | $3,600,000 |
$52,000 | $281,000 |
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| American Indian or Alaskan Native |
1 | $142,000 |
$142,000 | $142,000 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
3 | $385,000 |
$128,000 | $316,000 |
$40,000 | $61,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
13 | $6,695,000 |
$515,000 | $3,600,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
226 | $21,808,000 |
$96,000 | $756,000 |
$60,000 | $559,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
243 | $29,030,000 |
$119,000 | $3,600,000 |
$56,000 | $559,000 |
| 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 |
22 | $1,680,000 |
$76,000 | $141,000 |
$42,000 | $97,000 |
| Application Withdrawn By Applicant |
25 | $3,876,000 |
$155,000 | $756,000 |
$44,000 | $281,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
196 | $23,474,000 |
$119,000 | $3,600,000 |
$60,000 | $559,000 |
| 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 | $92,000 |
$92,000 | $92,000 |
$91,000 | $91,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
13 | $995,000 |
$76,000 | $132,000 |
$44,000 | $97,000 |
| Debt-To-Income Ratio |
5 | $330,000 |
$66,000 | $106,000 |
$27,000 | $50,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $141,000 |
$141,000 | $141,000 |
$35,000 | $35,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $122,000 |
$61,000 | $73,000 |
$42,000 | $64,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FIRST EXCHANGE BANK by:
Metropolitan Area And
County
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