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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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FOUR OAKS BANK & TRUST COMPANY
Mortgage Loans and Application Details
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| Mortgage Company Name |
FOUR OAKS BANK & TRUST COMPANY |
| Address | P O BOX 306
FOUR OAKS, NC 27524 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 199 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $12,789,000 |
| Average Mortgage Loan Amount Applied For | $64,300 |
| Highest Mortgage Loan Amount Applied For | $372,000 |
| Average Applicant Income | $22,700 |
| Highest Applicant Income | $200,000 |
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| Home Improvement |
31 | $581,000 |
$18,000 | $104,000 |
$38,000 | $200,000 |
| Home Purchase |
117 | $9,167,000 |
$78,000 | $372,000 |
$14,000 | $166,000 |
| Refinancing |
51 | $3,041,000 |
$59,000 | $160,000 |
$27,000 | $157,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $166,000 |
$166,000 | $166,000 |
$0 | $0 |
| Black or African American |
10 | $364,000 |
$36,000 | $97,000 |
$4,000 | $32,000 |
| Hispanic |
14 | $741,000 |
$52,000 | $260,000 |
$29,000 | $87,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
30 | $3,441,000 |
$114,000 | $364,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
144 | $8,077,000 |
$56,000 | $372,000 |
$26,000 | $200,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
199 | $12,789,000 |
$64,000 | $372,000 |
$21,000 | $200,000 |
| 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 |
2 | $27,000 |
$13,000 | $25,000 |
$67,000 | $110,000 |
| Application Denied By Financial Institution |
20 | $847,000 |
$42,000 | $166,000 |
$33,000 | $115,000 |
| Application Withdrawn By Applicant |
8 | $597,000 |
$74,000 | $200,000 |
$48,000 | $166,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
169 | $11,318,000 |
$66,000 | $372,000 |
$18,000 | $200,000 |
| 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 |
18 | $600,000 |
$33,000 | $160,000 |
$32,000 | $115,000 |
| Debt-To-Income Ratio |
1 | $166,000 |
$166,000 | $166,000 |
$0 | $0 |
| 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 |
1 | $81,000 |
$81,000 | $81,000 |
$87,000 | $87,000 |
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Mortgage Loan App Totals for FOUR OAKS BANK & TRUST COMPANY by:
Metropolitan Area And
County
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