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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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METRO BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
METRO BANK |
| Address | 800 MARTIN STREET SOUTH
PELL CITY, AL 35128 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 522 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $23,541,000 |
| Average Mortgage Loan Amount Applied For | $53,058 |
| Highest Mortgage Loan Amount Applied For | $814,000 |
| Average Applicant Income | $67,235 |
| Highest Applicant Income | $1,500,000 |
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| Home Improvement |
196 | $3,257,000 |
$16,000 | $240,000 |
$54,000 | $1,500,000 |
| Home Purchase |
197 | $12,616,000 |
$64,000 | $637,000 |
$74,000 | $1,500,000 |
| Refinancing |
129 | $7,668,000 |
$59,000 | $814,000 |
$71,000 | $831,000 |
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| American Indian or Alaskan Native |
2 | $5,000 |
$2,000 | $4,000 |
$97,000 | $180,000 |
| Asian |
1 | $814,000 |
$814,000 | $814,000 |
$460,000 | $460,000 |
| Black or African American |
27 | $554,000 |
$20,000 | $175,000 |
$36,000 | $83,000 |
| Hispanic |
2 | $140,000 |
$70,000 | $120,000 |
$33,000 | $36,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
26 | $723,000 |
$27,000 | $93,000 |
$34,000 | $115,000 |
| White |
464 | $21,305,000 |
$45,000 | $637,000 |
$68,000 | $1,500,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
522 | $23,541,000 |
$45,000 | $814,000 |
$66,000 | $1,500,000 |
| 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 |
3 | $50,000 |
$16,000 | $35,000 |
$34,000 | $57,000 |
| Application Denied By Financial Institution |
73 | $2,556,000 |
$35,000 | $175,000 |
$51,000 | $1,500,000 |
| Application Withdrawn By Applicant |
26 | $1,978,000 |
$76,000 | $814,000 |
$75,000 | $460,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
420 | $18,957,000 |
$45,000 | $637,000 |
$68,000 | $1,500,000 |
| 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 |
3 | $72,000 |
$24,000 | $46,000 |
$37,000 | $70,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
52 | $1,836,000 |
$35,000 | $175,000 |
$31,000 | $84,000 |
| Debt-To-Income Ratio |
2 | $60,000 |
$30,000 | $40,000 |
$25,000 | $32,000 |
| 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 |
9 | $379,000 |
$42,000 | $132,000 |
$189,000 | $1,500,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for METRO BANK by:
Metropolitan Area And
County
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