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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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MOORESVILLE SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
MOORESVILLE SAVINGS BANK |
| Address | P O BOX 1158
MOORESVILLE, NC 28115 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 191 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $31,931,000 |
| Average Mortgage Loan Amount Applied For | $217,777 |
| Highest Mortgage Loan Amount Applied For | $750,000 |
| Average Applicant Income | $187,555 |
| Highest Applicant Income | $1,183,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
94 | $17,657,000 |
$187,000 | $750,000 |
$103,000 | $1,183,000 |
| Refinancing |
97 | $14,274,000 |
$147,000 | $595,000 |
$81,000 | $384,000 |
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| American Indian or Alaskan Native |
1 | $112,000 |
$112,000 | $112,000 |
$105,000 | $105,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
14 | $1,296,000 |
$92,000 | $256,000 |
$72,000 | $308,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
12 | $1,534,000 |
$127,000 | $285,000 |
$146,000 | $184,000 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
164 | $28,989,000 |
$176,000 | $750,000 |
$89,000 | $1,183,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
190 | $31,682,000 |
$166,000 | $750,000 |
$91,000 | $1,183,000 |
| 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) |
1 | $249,000 |
$249,000 | $249,000 |
$158,000 | $158,000 |
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| Application Approved But Not Accepted |
2 | $160,000 |
$80,000 | $80,000 |
$42,000 | $51,000 |
| Application Denied By Financial Institution |
10 | $1,090,000 |
$109,000 | $200,000 |
$40,000 | $100,000 |
| Application Withdrawn By Applicant |
7 | $2,336,000 |
$333,000 | $750,000 |
$222,000 | $1,183,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
172 | $28,345,000 |
$164,000 | $700,000 |
$90,000 | $384,000 |
| 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 | $279,000 |
$139,000 | $200,000 |
$62,000 | $67,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
4 | $311,000 |
$77,000 | $120,000 |
$27,000 | $42,000 |
| Debt-To-Income Ratio |
3 | $450,000 |
$150,000 | $183,000 |
$25,000 | $36,000 |
| 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 |
1 | $50,000 |
$50,000 | $50,000 |
$100,000 | $100,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for MOORESVILLE SAVINGS BANK by:
Metropolitan Area And
County
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