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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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MOUNTAIN BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
MOUNTAIN BANK |
| Address | 151 CORLEY MILL RD
LEXINGTON, SC 29072 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 1,667 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $217,924,000 |
| Average Mortgage Loan Amount Applied For | $149,300 |
| Highest Mortgage Loan Amount Applied For | $855,000 |
| Average Applicant Income | $112,020 |
| Highest Applicant Income | $1,000,000 |
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| Home Improvement (one-to-four family) |
9 | $427,000 |
$47,000 | $100,000 |
$55,000 | $130,000 |
| Home Purchase (one-to-four family) |
496 | $61,227,000 |
$115,750 | $600,000 |
$106,000 | $946,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
9 | $3,207,000 |
$259,500 | $725,000 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
1,153 | $153,063,000 |
$197,666 | $855,000 |
$116,833 | $1,000,000 |
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| American Indian or Alaskan Native |
4 | $534,000 |
$133,000 | $203,000 |
$56,500 | $123,000 |
| Asian or Pacific Islander |
5 | $678,000 |
$177,500 | $248,000 |
$167,500 | $265,000 |
| Black |
13 | $1,432,000 |
$102,500 | $195,000 |
$97,500 | $195,000 |
| Hispanic |
14 | $1,477,000 |
$93,000 | $254,000 |
$58,000 | $314,000 |
| Information not provided by applicant in mail or telephone application |
30 | $5,123,000 |
$177,500 | $600,000 |
$138,000 | $408,000 |
| Not applicable |
8 | $1,985,000 |
$218,500 | $725,000 |
$0 | $0 |
| Other |
1 | $20,000 |
$20,000 | $20,000 |
$25,000 | $25,000 |
| White |
1,592 | $206,675,000 |
$147,142 | $855,000 |
$93,714 | $1,000,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,653 | $215,981,000 |
$147,285 | $855,000 |
$93,714 | $1,000,000 |
| FHA-insured (Federal Housing Administration) |
1 | $128,000 |
$128,000 | $128,000 |
$47,000 | $47,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
13 | $1,815,000 |
$108,500 | $240,000 |
$46,500 | $92,000 |
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| Application Approved But Not Accepted |
14 | $1,968,000 |
$124,500 | $400,000 |
$75,500 | $404,000 |
| Application Denied By Financial Institution |
76 | $9,217,000 |
$123,000 | $550,000 |
$83,000 | $413,000 |
| Application Withdrawn By Applicant |
19 | $2,841,000 |
$142,500 | $320,000 |
$71,500 | $330,000 |
| File Closed For Incompleteness |
10 | $1,568,000 |
$152,333 | $294,000 |
$94,000 | $277,000 |
| Loan Originated |
1,548 | $202,330,000 |
$148,166 | $855,000 |
$101,833 | $1,000,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 MOUNTAIN BANK by:
Metropolitan Area And
County
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