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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 VIRGINIA BANK COLONIAL
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST VIRGINIA BANK COLONIAL |
| 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 | 1,298 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $91,565,000 |
| Average Mortgage Loan Amount Applied For | $71,457 |
| Highest Mortgage Loan Amount Applied For | $365,000 |
| Average Applicant Income | $52,800 |
| Highest Applicant Income | $500,000 |
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| Home Improvement (one-to-four family) |
152 | $3,564,000 |
$14,000 | $153,000 |
$46,500 | $132,000 |
| Home Purchase (one-to-four family) |
37 | $2,433,000 |
$65,000 | $300,000 |
$52,000 | $234,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
1,109 | $85,568,000 |
$62,500 | $365,000 |
$46,000 | $500,000 |
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| American Indian or Alaskan Native |
5 | $569,000 |
$113,000 | $162,000 |
$68,000 | $109,000 |
| Asian or Pacific Islander |
18 | $1,293,000 |
$71,000 | $152,000 |
$55,000 | $120,000 |
| Black |
309 | $18,522,000 |
$59,000 | $196,000 |
$45,000 | $161,000 |
| Hispanic |
10 | $649,000 |
$64,000 | $156,000 |
$50,000 | $86,000 |
| Information not provided by applicant in mail or telephone application |
50 | $3,449,000 |
$38,000 | $175,000 |
$45,000 | $178,000 |
| Not applicable |
4 | $291,000 |
$72,000 | $130,000 |
$51,000 | $95,000 |
| Other |
5 | $499,000 |
$99,000 | $194,000 |
$80,000 | $259,000 |
| White |
897 | $66,293,000 |
$50,000 | $365,000 |
$50,000 | $500,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,279 | $91,325,000 |
$48,500 | $365,000 |
$47,500 | $500,000 |
| FHA-insured (Federal Housing Administration) |
19 | $240,000 |
$9,500 | $25,000 |
$46,500 | $108,000 |
| 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 |
68 | $4,863,000 |
$71,000 | $300,000 |
$68,000 | $500,000 |
| Application Denied By Financial Institution |
202 | $13,913,000 |
$37,500 | $365,000 |
$43,000 | $187,000 |
| Application Withdrawn By Applicant |
74 | $5,774,000 |
$78,000 | $350,000 |
$54,000 | $178,000 |
| File Closed For Incompleteness |
3 | $169,000 |
$56,000 | $71,000 |
$37,000 | $55,000 |
| Loan Originated |
951 | $66,846,000 |
$48,000 | $292,000 |
$49,000 | $329,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
30 | $2,462,000 |
$82,000 | $174,000 |
$66,000 | $187,000 |
| Credit Application Incomplete |
7 | $510,000 |
$72,000 | $125,000 |
$40,000 | $49,000 |
| Credit History |
74 | $4,289,000 |
$57,000 | $155,000 |
$46,000 | $125,000 |
| Debt-To-Income Ratio |
82 | $6,259,000 |
$76,000 | $365,000 |
$37,000 | $129,000 |
| 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 |
6 | $192,000 |
$21,500 | $50,000 |
$44,500 | $155,000 |
| Unverifiable Information |
3 | $201,000 |
$67,000 | $100,000 |
$37,000 | $60,000 |
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Mortgage Loan App Totals for FIRST VIRGINIA BANK COLONIAL by:
Metropolitan Area And
County
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