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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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MAIN STREET BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
MAIN STREET BANK |
| Address | 2713 FOREST HILLS ROAD
WILSON, NC 27893 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 316 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $54,359,000 |
| Average Mortgage Loan Amount Applied For | $186,132 |
| Highest Mortgage Loan Amount Applied For | $5,900,000 |
| Average Applicant Income | $59,308 |
| Highest Applicant Income | $469,000 |
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| Home Improvement |
12 | $280,000 |
$23,000 | $83,000 |
$52,000 | $172,000 |
| Home Purchase |
93 | $16,939,000 |
$182,000 | $2,400,000 |
$64,000 | $434,000 |
| Refinancing |
211 | $37,140,000 |
$176,000 | $5,900,000 |
$66,000 | $469,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
9 | $1,343,000 |
$149,000 | $234,000 |
$83,000 | $204,000 |
| Black or African American |
28 | $3,717,000 |
$132,000 | $520,000 |
$54,000 | $148,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
23 | $11,178,000 |
$486,000 | $5,900,000 |
$0 | $0 |
| Not Provided |
51 | $7,423,000 |
$145,000 | $530,000 |
$56,000 | $281,000 |
| White |
205 | $30,698,000 |
$149,000 | $2,400,000 |
$75,000 | $469,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
315 | $54,156,000 |
$171,000 | $5,900,000 |
$65,000 | $469,000 |
| FHA-insured (Federal Housing Administration) |
1 | $203,000 |
$203,000 | $203,000 |
$143,000 | $143,000 |
| 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 |
25 | $4,901,000 |
$196,000 | $620,000 |
$85,000 | $241,000 |
| Application Denied By Financial Institution |
15 | $2,570,000 |
$171,000 | $388,000 |
$70,000 | $146,000 |
| Application Withdrawn By Applicant |
9 | $1,005,000 |
$111,000 | $360,000 |
$59,000 | $129,000 |
| File Closed For Incompleteness |
2 | $450,000 |
$225,000 | $370,000 |
$89,000 | $130,000 |
| Loan Originated |
265 | $45,433,000 |
$171,000 | $5,900,000 |
$63,000 | $469,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $167,000 |
$167,000 | $167,000 |
$91,000 | $91,000 |
| Debt-To-Income Ratio |
2 | $542,000 |
$271,000 | $370,000 |
$111,000 | $112,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $376,000 |
$376,000 | $376,000 |
$129,000 | $129,000 |
| 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 MAIN STREET BANK by:
Metropolitan Area And
County
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