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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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GRAND BANK FOR SAVINGS FSB
Mortgage Loans and Application Details
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| Mortgage Company Name |
GRAND BANK FOR SAVINGS FSB |
| Address | 204 WESTOVER DRIVE
HATTIESBURG, MS 39402 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 726 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $79,167,000 |
| Average Mortgage Loan Amount Applied For | $131,464 |
| Highest Mortgage Loan Amount Applied For | $710,000 |
| Average Applicant Income | $83,821 |
| Highest Applicant Income | $1,014,000 |
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| Home Improvement |
1 | $83,000 |
$83,000 | $83,000 |
$78,000 | $78,000 |
| Home Purchase |
531 | $57,253,000 |
$107,000 | $550,000 |
$62,000 | $402,000 |
| Refinancing |
195 | $21,908,000 |
$112,000 | $710,000 |
$85,000 | $1,014,000 |
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| American Indian or Alaskan Native |
1 | $86,000 |
$86,000 | $86,000 |
$25,000 | $25,000 |
| Asian |
5 | $786,000 |
$157,000 | $290,000 |
$65,000 | $102,000 |
| Black or African American |
203 | $19,520,000 |
$96,000 | $230,000 |
$50,000 | $155,000 |
| Hispanic |
9 | $492,000 |
$54,000 | $77,000 |
$44,000 | $72,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
3 | $220,000 |
$73,000 | $87,000 |
$83,000 | $153,000 |
| White |
506 | $58,140,000 |
$114,000 | $710,000 |
$76,000 | $1,014,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
546 | $59,854,000 |
$109,000 | $710,000 |
$76,000 | $1,014,000 |
| FHA-insured (Federal Housing Administration) |
139 | $14,551,000 |
$104,000 | $200,000 |
$45,000 | $155,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
39 | $4,458,000 |
$114,000 | $187,000 |
$45,000 | $91,000 |
| VA-guaranteed (Veterans Administration) |
3 | $381,000 |
$127,000 | $145,000 |
$53,000 | $59,000 |
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| Application Approved But Not Accepted |
4 | $404,000 |
$101,000 | $149,000 |
$87,000 | $150,000 |
| Application Denied By Financial Institution |
94 | $9,493,000 |
$100,000 | $550,000 |
$49,000 | $264,000 |
| Application Withdrawn By Applicant |
95 | $10,070,000 |
$106,000 | $450,000 |
$81,000 | $402,000 |
| File Closed For Incompleteness |
17 | $1,360,000 |
$80,000 | $255,000 |
$46,000 | $100,000 |
| Loan Originated |
516 | $57,840,000 |
$112,000 | $710,000 |
$70,000 | $1,014,000 |
| 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 |
1 | $77,000 |
$77,000 | $77,000 |
$37,000 | $37,000 |
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| Collateral |
6 | $431,000 |
$71,000 | $135,000 |
$45,000 | $77,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
56 | $6,064,000 |
$108,000 | $550,000 |
$48,000 | $155,000 |
| Debt-To-Income Ratio |
11 | $887,000 |
$80,000 | $140,000 |
$32,000 | $62,000 |
| Employment History |
7 | $733,000 |
$104,000 | $180,000 |
$42,000 | $91,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
6 | $819,000 |
$136,000 | $510,000 |
$107,000 | $264,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
7 | $480,000 |
$68,000 | $124,000 |
$54,000 | $153,000 |
| Unverifiable Information |
2 | $156,000 |
$78,000 | $81,000 |
$19,000 | $28,000 |
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Mortgage Loan App Totals for GRAND BANK FOR SAVINGS FSB by:
Metropolitan Area And
County
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