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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 SOUTH BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST SOUTH BANK |
| Address | 1311 CAROLINA AVE
WASHINGTON, NC 27889 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,110 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $173,461,000 |
| Average Mortgage Loan Amount Applied For | $153,945 |
| Highest Mortgage Loan Amount Applied For | $3,100,000 |
| Average Applicant Income | $82,290 |
| Highest Applicant Income | $3,079,000 |
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| Home Improvement |
72 | $2,263,000 |
$31,000 | $160,000 |
$64,000 | $950,000 |
| Home Purchase |
596 | $86,199,000 |
$144,000 | $3,100,000 |
$77,000 | $1,503,000 |
| Refinancing |
445 | $85,195,000 |
$191,000 | $3,026,000 |
$106,000 | $3,079,000 |
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| American Indian or Alaskan Native |
43 | $4,249,000 |
$98,000 | $225,000 |
$49,000 | $148,000 |
| Asian |
7 | $1,470,000 |
$210,000 | $360,000 |
$101,000 | $198,000 |
| Black or African American |
127 | $11,950,000 |
$94,000 | $318,000 |
$64,000 | $364,000 |
| Hispanic |
18 | $5,499,000 |
$305,000 | $3,100,000 |
$66,000 | $240,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $111,000 |
$111,000 | $111,000 |
$121,000 | $121,000 |
| Not applicable |
47 | $12,604,000 |
$268,000 | $3,026,000 |
$65,000 | $3,079,000 |
| Not Provided |
16 | $4,033,000 |
$252,000 | $1,219,000 |
$86,000 | $399,000 |
| White |
854 | $133,741,000 |
$156,000 | $1,950,000 |
$95,000 | $2,608,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
977 | $159,201,000 |
$162,000 | $3,100,000 |
$94,000 | $3,079,000 |
| FHA-insured (Federal Housing Administration) |
75 | $7,254,000 |
$96,000 | $225,000 |
$43,000 | $104,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
14 | $1,416,000 |
$101,000 | $140,000 |
$34,000 | $44,000 |
| VA-guaranteed (Veterans Administration) |
47 | $5,786,000 |
$123,000 | $288,000 |
$53,000 | $200,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
159 | $18,344,000 |
$115,000 | $1,950,000 |
$51,000 | $621,000 |
| Application Withdrawn By Applicant |
224 | $43,078,000 |
$192,000 | $1,275,000 |
$109,000 | $3,079,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
730 | $112,235,000 |
$153,000 | $3,100,000 |
$89,000 | $2,608,000 |
| 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 |
5 | $2,433,000 |
$486,000 | $1,950,000 |
$113,000 | $248,000 |
| Credit Application Incomplete |
20 | $2,675,000 |
$133,000 | $338,000 |
$54,000 | $113,000 |
| Credit History |
97 | $8,120,000 |
$83,000 | $480,000 |
$47,000 | $621,000 |
| Debt-To-Income Ratio |
21 | $2,485,000 |
$118,000 | $310,000 |
$47,000 | $102,000 |
| Employment History |
1 | $171,000 |
$171,000 | $171,000 |
$67,000 | $67,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $276,000 |
$276,000 | $276,000 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
9 | $1,368,000 |
$152,000 | $650,000 |
$76,000 | $150,000 |
| Unverifiable Information |
2 | $225,000 |
$112,000 | $115,000 |
$50,000 | $72,000 |
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Mortgage Loan App Totals for FIRST SOUTH BANK by:
Metropolitan Area And
County
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