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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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MIDSOUTH BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
MIDSOUTH BANK |
| Address | ONE EAST COLLEGE STREET
MURFREESBORO, TN 37130 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 91 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $10,507,000 |
| Average Mortgage Loan Amount Applied For | $119,833 |
| Highest Mortgage Loan Amount Applied For | $437,000 |
| Average Applicant Income | $137,166 |
| Highest Applicant Income | $806,000 |
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| Home Improvement |
18 | $421,000 |
$23,000 | $72,000 |
$61,000 | $136,000 |
| Home Purchase |
59 | $7,996,000 |
$135,000 | $437,000 |
$110,000 | $792,000 |
| Refinancing |
14 | $2,090,000 |
$149,000 | $400,000 |
$134,000 | $806,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $189,000 |
$189,000 | $189,000 |
$728,000 | $728,000 |
| Black or African American |
4 | $434,000 |
$108,000 | $171,000 |
$37,000 | $60,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
13 | $1,518,000 |
$116,000 | $304,000 |
$0 | $0 |
| Not Provided |
3 | $400,000 |
$133,000 | $355,000 |
$295,000 | $792,000 |
| White |
70 | $7,966,000 |
$113,000 | $437,000 |
$110,000 | $806,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
86 | $9,815,000 |
$114,000 | $437,000 |
$106,000 | $806,000 |
| FHA-insured (Federal Housing Administration) |
5 | $692,000 |
$138,000 | $210,000 |
$60,000 | $119,000 |
| 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 |
3 | $468,000 |
$156,000 | $160,000 |
$52,000 | $70,000 |
| Application Denied By Financial Institution |
11 | $1,707,000 |
$155,000 | $400,000 |
$50,000 | $90,000 |
| Application Withdrawn By Applicant |
9 | $1,348,000 |
$149,000 | $250,000 |
$59,000 | $119,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
68 | $6,984,000 |
$102,000 | $437,000 |
$121,000 | $806,000 |
| 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 | $310,000 |
$310,000 | $310,000 |
$90,000 | $90,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $148,000 |
$74,000 | $146,000 |
$30,000 | $39,000 |
| Debt-To-Income Ratio |
6 | $913,000 |
$152,000 | $400,000 |
$46,000 | $89,000 |
| 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 | $336,000 |
$168,000 | $171,000 |
$66,000 | $72,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for MIDSOUTH BANK by:
Metropolitan Area And
County
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