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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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MIDCAROLINABANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
MIDCAROLINABANK |
| Address | 3101 S CHURCH STREET
BURLINGTON, NC 27215 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 168 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $32,005,000 |
| Average Mortgage Loan Amount Applied For | $246,100 |
| Highest Mortgage Loan Amount Applied For | $9,125,000 |
| Average Applicant Income | $85,700 |
| Highest Applicant Income | $600,000 |
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| Home Improvement |
7 | $366,000 |
$52,000 | $295,000 |
$54,000 | $96,000 |
| Home Purchase |
101 | $24,280,000 |
$240,000 | $9,125,000 |
$91,000 | $366,000 |
| Refinancing |
60 | $7,359,000 |
$122,000 | $417,000 |
$86,000 | $600,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
3 | $302,000 |
$100,000 | $222,000 |
$96,000 | $190,000 |
| Black or African American |
5 | $442,000 |
$88,000 | $240,000 |
$46,000 | $96,000 |
| Hispanic |
2 | $75,000 |
$37,000 | $65,000 |
$67,000 | $74,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
24 | $13,929,000 |
$580,000 | $9,125,000 |
$0 | $10,000 |
| Not Provided |
10 | $1,131,000 |
$113,000 | $304,000 |
$124,000 | $307,000 |
| White |
124 | $16,126,000 |
$130,000 | $1,463,000 |
$104,000 | $600,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
168 | $32,005,000 |
$190,000 | $9,125,000 |
$88,000 | $600,000 |
| 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 | $130,000 |
$130,000 | $130,000 |
$65,000 | $65,000 |
| Application Denied By Financial Institution |
12 | $656,000 |
$54,000 | $124,000 |
$55,000 | $96,000 |
| Application Withdrawn By Applicant |
4 | $813,000 |
$203,000 | $265,000 |
$153,000 | $247,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
151 | $30,406,000 |
$201,000 | $9,125,000 |
$89,000 | $600,000 |
| 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 |
1 | $109,000 |
$109,000 | $109,000 |
$48,000 | $48,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
7 | $323,000 |
$46,000 | $109,000 |
$42,000 | $60,000 |
| Debt-To-Income Ratio |
2 | $69,000 |
$34,000 | $65,000 |
$85,000 | $96,000 |
| 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 |
2 | $155,000 |
$77,000 | $124,000 |
$75,000 | $75,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for MIDCAROLINABANK by:
Metropolitan Area And
County
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