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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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MINERS EXCHANGE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
MINERS EXCHANGE BANK |
| Address | P.O. BOX 1197
COEBURN, VA 24230 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 363 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $14,111,000 |
| Average Mortgage Loan Amount Applied For | $52,411 |
| Highest Mortgage Loan Amount Applied For | $419,000 |
| Average Applicant Income | $38,058 |
| Highest Applicant Income | $170,000 |
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| Home Improvement |
167 | $1,926,000 |
$11,000 | $103,000 |
$33,000 | $117,000 |
| Home Purchase |
116 | $7,828,000 |
$67,000 | $419,000 |
$45,000 | $170,000 |
| Refinancing |
80 | $4,357,000 |
$54,000 | $204,000 |
$41,000 | $115,000 |
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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 |
3 | $68,000 |
$22,000 | $55,000 |
$33,000 | $55,000 |
| Hispanic |
2 | $82,000 |
$41,000 | $73,000 |
$40,000 | $48,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
358 | $13,961,000 |
$38,000 | $419,000 |
$39,000 | $170,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
363 | $14,111,000 |
$38,000 | $419,000 |
$38,000 | $170,000 |
| 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 | $19,000 |
$19,000 | $19,000 |
$19,000 | $19,000 |
| Application Denied By Financial Institution |
40 | $1,362,000 |
$34,000 | $115,000 |
$33,000 | $142,000 |
| Application Withdrawn By Applicant |
32 | $2,856,000 |
$89,000 | $350,000 |
$43,000 | $96,000 |
| File Closed For Incompleteness |
2 | $92,000 |
$46,000 | $81,000 |
$21,000 | $22,000 |
| Loan Originated |
288 | $9,782,000 |
$33,000 | $419,000 |
$39,000 | $170,000 |
| 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 |
2 | $50,000 |
$25,000 | $30,000 |
$22,000 | $24,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
11 | $384,000 |
$34,000 | $108,000 |
$28,000 | $50,000 |
| Debt-To-Income Ratio |
2 | $14,000 |
$7,000 | $12,000 |
$38,000 | $55,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for MINERS EXCHANGE BANK by:
Metropolitan Area And
County
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