|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
MACON BANK, INC.
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
MACON BANK, INC. |
| Address | ONE CENTER COURT
FRANKLIN, NC 28734 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,243 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $240,713,000 |
| Average Mortgage Loan Amount Applied For | $203,647 |
| Highest Mortgage Loan Amount Applied For | $3,000,000 |
| Average Applicant Income | $115,029 |
| Highest Applicant Income | $1,819,000 |
|
|
|
| Home Improvement |
19 | $1,817,000 |
$95,000 | $250,000 |
$75,000 | $325,000 |
| Home Purchase |
1,011 | $199,273,000 |
$197,000 | $3,000,000 |
$90,000 | $1,819,000 |
| Refinancing |
322 | $54,042,000 |
$167,000 | $2,000,000 |
$64,000 | $1,000,000 |
|
|
| American Indian or Alaskan Native |
7 | $1,973,000 |
$281,000 | $1,052,000 |
$89,000 | $174,000 |
| Asian |
5 | $1,245,000 |
$249,000 | $338,000 |
$234,000 | $623,000 |
| Black or African American |
10 | $1,142,000 |
$114,000 | $231,000 |
$40,000 | $58,000 |
| Hispanic |
43 | $4,782,000 |
$111,000 | $353,000 |
$64,000 | $360,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $15,000 |
$15,000 | $15,000 |
$32,000 | $32,000 |
| Not applicable |
20 | $7,780,000 |
$389,000 | $2,320,000 |
$0 | $0 |
| Not Provided |
172 | $34,244,000 |
$199,000 | $1,489,000 |
$86,000 | $605,000 |
| White |
1,094 | $203,951,000 |
$186,000 | $3,000,000 |
$85,000 | $1,819,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,352 | $255,132,000 |
$188,000 | $3,000,000 |
$84,000 | $1,819,000 |
| 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 |
|
|
| Application Approved But Not Accepted |
37 | $5,284,000 |
$142,000 | $500,000 |
$97,000 | $1,000,000 |
| Application Denied By Financial Institution |
213 | $35,449,000 |
$166,000 | $2,599,000 |
$59,000 | $1,440,000 |
| Application Withdrawn By Applicant |
128 | $26,931,000 |
$210,000 | $2,000,000 |
$105,000 | $1,819,000 |
| File Closed For Incompleteness |
15 | $2,575,000 |
$171,000 | $400,000 |
$50,000 | $124,000 |
| Loan Originated |
853 | $170,377,000 |
$199,000 | $3,000,000 |
$91,000 | $1,497,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
55 | $8,295,000 |
$150,000 | $383,000 |
$57,000 | $149,000 |
| Preapproval Denied by Financial Institution |
51 | $6,221,000 |
$121,000 | $461,000 |
$42,000 | $108,000 |
|
|
| Collateral |
7 | $892,000 |
$127,000 | $268,000 |
$46,000 | $160,000 |
| Credit Application Incomplete |
10 | $1,567,000 |
$156,000 | $300,000 |
$63,000 | $125,000 |
| Credit History |
162 | $19,438,000 |
$119,000 | $455,000 |
$49,000 | $252,000 |
| Debt-To-Income Ratio |
40 | $10,348,000 |
$258,000 | $1,325,000 |
$57,000 | $425,000 |
| Employment History |
4 | $667,000 |
$166,000 | $374,000 |
$38,000 | $53,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $1,264,000 |
$421,000 | $1,096,000 |
$35,000 | $94,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
12 | $2,110,000 |
$175,000 | $712,000 |
$65,000 | $261,000 |
| Unverifiable Information |
5 | $3,308,000 |
$661,000 | $2,599,000 |
$352,000 | $1,440,000 |
|
Mortgage Loan App Totals for MACON BANK, INC. by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
