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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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MECHANICS AND FARMERS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
MECHANICS AND FARMERS BANK |
| Address | 2634 DURHAM CHAPEL HILL BLVD
DURHAM, NC 27707 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 19 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $1,801,000 |
| Average Mortgage Loan Amount Applied For | $73,400 |
| Highest Mortgage Loan Amount Applied For | $415,000 |
| Average Applicant Income | $76,800 |
| Highest Applicant Income | $419,000 |
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| Home Improvement |
8 | $85,000 |
$10,000 | $55,000 |
$31,000 | $104,000 |
| Home Purchase |
7 | $971,000 |
$138,000 | $415,000 |
$94,000 | $419,000 |
| Refinancing |
4 | $745,000 |
$186,000 | $302,000 |
$162,000 | $274,000 |
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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 |
17 | $1,291,000 |
$75,000 | $302,000 |
$67,000 | $274,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
2 | $510,000 |
$255,000 | $415,000 |
$209,000 | $419,000 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
19 | $1,801,000 |
$94,000 | $415,000 |
$82,000 | $419,000 |
| 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 |
1 | $65,000 |
$65,000 | $65,000 |
$89,000 | $89,000 |
| Application Denied By Financial Institution |
5 | $203,000 |
$40,000 | $109,000 |
$23,000 | $46,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
13 | $1,533,000 |
$117,000 | $415,000 |
$104,000 | $419,000 |
| 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 | $2,000 |
$2,000 | $2,000 |
$14,000 | $14,000 |
| Debt-To-Income Ratio |
3 | $92,000 |
$30,000 | $86,000 |
$18,000 | $29,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $109,000 |
$109,000 | $109,000 |
$46,000 | $46,000 |
| 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 MECHANICS AND FARMERS BANK by:
Metropolitan Area And
County
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