|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
MAGNOLIA BANK
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
MAGNOLIA BANK |
| Address | 794 OLD ELIZABETHTOWN RD., P.O. BOX 188
HODGENVILLE, KY 42748 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 171 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $9,076,000 |
| Average Mortgage Loan Amount Applied For | $53,583 |
| Highest Mortgage Loan Amount Applied For | $491,000 |
| Average Applicant Income | $58,666 |
| Highest Applicant Income | $304,000 |
|
|
|
| Home Improvement |
64 | $1,455,000 |
$22,000 | $202,000 |
$57,000 | $236,000 |
| Home Purchase |
51 | $4,344,000 |
$85,000 | $491,000 |
$57,000 | $216,000 |
| Refinancing |
56 | $3,277,000 |
$58,000 | $274,000 |
$60,000 | $304,000 |
|
|
| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
1 | $4,000 |
$4,000 | $4,000 |
$58,000 | $58,000 |
| Hispanic |
2 | $171,000 |
$85,000 | $90,000 |
$90,000 | $90,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
4 | $727,000 |
$181,000 | $485,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
164 | $8,174,000 |
$49,000 | $491,000 |
$59,000 | $304,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
171 | $9,076,000 |
$53,000 | $491,000 |
$58,000 | $304,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
11 | $443,000 |
$40,000 | $122,000 |
$24,000 | $37,000 |
| Application Withdrawn By Applicant |
5 | $271,000 |
$54,000 | $91,000 |
$62,000 | $110,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
155 | $8,362,000 |
$53,000 | $491,000 |
$60,000 | $304,000 |
| 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 |
|
|
| Collateral |
2 | $33,000 |
$16,000 | $26,000 |
$25,000 | $29,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
6 | $219,000 |
$36,000 | $122,000 |
$23,000 | $36,000 |
| Debt-To-Income Ratio |
3 | $191,000 |
$63,000 | $106,000 |
$26,000 | $37,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
Mortgage Loan App Totals for MAGNOLIA BANK by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
