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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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HIGHLANDS UNION BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
HIGHLANDS UNION BANK |
| Address | 340 W. MAIN STREET, P. O. BOX 1128
ABINGDON, VA 24212 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 466 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $35,987,000 |
| Average Mortgage Loan Amount Applied For | $106,081 |
| Highest Mortgage Loan Amount Applied For | $965,000 |
| Average Applicant Income | $97,891 |
| Highest Applicant Income | $1,050,000 |
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| Home Improvement |
111 | $2,454,000 |
$22,000 | $143,000 |
$45,000 | $201,000 |
| Home Purchase |
165 | $14,496,000 |
$87,000 | $400,000 |
$82,000 | $875,000 |
| Refinancing |
190 | $19,037,000 |
$100,000 | $965,000 |
$90,000 | $1,050,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
9 | $720,000 |
$80,000 | $554,000 |
$67,000 | $247,000 |
| Hispanic |
4 | $556,000 |
$139,000 | $210,000 |
$83,000 | $128,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
18 | $1,885,000 |
$104,000 | $400,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
435 | $32,826,000 |
$75,000 | $965,000 |
$80,000 | $1,050,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
466 | $35,987,000 |
$77,000 | $965,000 |
$77,000 | $1,050,000 |
| 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 |
22 | $1,701,000 |
$77,000 | $300,000 |
$57,000 | $132,000 |
| Application Denied By Financial Institution |
61 | $2,684,000 |
$44,000 | $160,000 |
$53,000 | $966,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
383 | $31,602,000 |
$82,000 | $965,000 |
$81,000 | $1,050,000 |
| 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 |
2 | $150,000 |
$75,000 | $100,000 |
$60,000 | $88,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
33 | $1,367,000 |
$41,000 | $160,000 |
$66,000 | $966,000 |
| Debt-To-Income Ratio |
21 | $939,000 |
$44,000 | $137,000 |
$38,000 | $83,000 |
| Employment History |
5 | $228,000 |
$45,000 | $85,000 |
$30,000 | $41,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for HIGHLANDS UNION BANK by:
Metropolitan Area And
County
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