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| $5,279,183,286,000 in Mortgage Loans Applied for in 2007 from 26,605,695 Applications |
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IRONSTONE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
IRONSTONE BANK |
| Address | 16 E ROWAN STREET
RALEIGH, NC 27609 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2007 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 |
| Total Number of Mortgage Loan Applications Processed | 359 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $70,764,000 |
| Average Mortgage Loan Amount Applied For | $189,477 |
| Highest Mortgage Loan Amount Applied For | $3,600,000 |
| Average Applicant Income | $130,727 |
| Highest Applicant Income | $2,799,000 |
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| Home Improvement |
29 | $2,460,000 |
$84,000 | $400,000 |
$127,000 | $660,000 |
| Home Purchase |
179 | $34,618,000 |
$193,000 | $3,600,000 |
$86,000 | $1,479,000 |
| Refinancing |
159 | $34,984,000 |
$220,000 | $3,500,000 |
$130,000 | $2,799,000 |
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| American Indian or Alaskan Native |
1 | $124,000 |
$124,000 | $124,000 |
$125,000 | $125,000 |
| Asian |
11 | $3,101,000 |
$281,000 | $1,350,000 |
$199,000 | $1,550,000 |
| Black or African American |
61 | $9,796,000 |
$160,000 | $900,000 |
$49,000 | $220,000 |
| Hispanic |
50 | $7,446,000 |
$148,000 | $985,000 |
$88,000 | $900,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $168,000 |
$168,000 | $168,000 |
$43,000 | $43,000 |
| Not applicable |
10 | $6,056,000 |
$605,000 | $3,500,000 |
$0 | $0 |
| Not Provided |
48 | $8,392,000 |
$174,000 | $560,000 |
$227,000 | $2,799,000 |
| White |
185 | $36,979,000 |
$199,000 | $3,600,000 |
$103,000 | $1,479,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
333 | $67,141,000 |
$201,000 | $3,600,000 |
$115,000 | $2,799,000 |
| FHA-insured (Federal Housing Administration) |
28 | $3,879,000 |
$138,000 | $203,000 |
$39,000 | $56,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
6 | $1,042,000 |
$173,000 | $248,000 |
$57,000 | $104,000 |
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| Application Approved But Not Accepted |
30 | $5,383,000 |
$179,000 | $1,000,000 |
$172,000 | $660,000 |
| Application Denied By Financial Institution |
28 | $8,448,000 |
$301,000 | $3,600,000 |
$123,000 | $1,479,000 |
| Application Withdrawn By Applicant |
7 | $1,242,000 |
$177,000 | $560,000 |
$50,000 | $106,000 |
| File Closed For Incompleteness |
15 | $6,671,000 |
$444,000 | $1,500,000 |
$249,000 | $1,550,000 |
| Loan Originated |
109 | $26,113,000 |
$239,000 | $3,500,000 |
$183,000 | $2,799,000 |
| Loan Purchased By The Institution |
170 | $22,907,000 |
$134,000 | $265,000 |
$40,000 | $147,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
8 | $1,298,000 |
$162,000 | $271,000 |
$38,000 | $68,000 |
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| Collateral |
4 | $4,171,000 |
$1,042,000 | $3,600,000 |
$429,000 | $1,479,000 |
| Credit Application Incomplete |
1 | $126,000 |
$126,000 | $126,000 |
$39,000 | $39,000 |
| Credit History |
10 | $1,490,000 |
$149,000 | $500,000 |
$59,000 | $220,000 |
| Debt-To-Income Ratio |
16 | $3,293,000 |
$205,000 | $620,000 |
$74,000 | $193,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $189,000 |
$94,000 | $112,000 |
$26,000 | $28,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
3 | $477,000 |
$159,000 | $226,000 |
$53,000 | $66,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for IRONSTONE BANK by:
Metropolitan Area And
County
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