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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 COMMERCE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
MOUNTAIN COMMERCE BANK |
| Address | 201 SOUTH MAIN AVENUE / PO BOX 1128
ERWIN, TN 37650 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 171 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $7,856,000 |
| Average Mortgage Loan Amount Applied For | $122,111 |
| Highest Mortgage Loan Amount Applied For | $360,000 |
| Average Applicant Income | $212,111 |
| Highest Applicant Income | $810,000 |
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| Home Improvement |
28 | $573,000 |
$20,000 | $114,000 |
$35,000 | $74,000 |
| Home Purchase |
34 | $2,032,000 |
$59,000 | $360,000 |
$86,000 | $810,000 |
| Refinancing |
109 | $5,251,000 |
$48,000 | $235,000 |
$48,000 | $204,000 |
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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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
2 | $59,000 |
$29,000 | $32,000 |
$70,000 | $80,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
1 | $235,000 |
$235,000 | $235,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
168 | $7,562,000 |
$45,000 | $360,000 |
$54,000 | $810,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
171 | $7,856,000 |
$45,000 | $360,000 |
$54,000 | $810,000 |
| 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 | $18,000 |
$18,000 | $18,000 |
$47,000 | $47,000 |
| Application Denied By Financial Institution |
8 | $227,000 |
$28,000 | $70,000 |
$28,000 | $55,000 |
| Application Withdrawn By Applicant |
3 | $145,000 |
$48,000 | $72,000 |
$50,000 | $71,000 |
| File Closed For Incompleteness |
1 | $64,000 |
$64,000 | $64,000 |
$35,000 | $35,000 |
| Loan Originated |
158 | $7,402,000 |
$46,000 | $360,000 |
$55,000 | $810,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
5 | $30,000 |
$6,000 | $12,000 |
$20,000 | $31,000 |
| Debt-To-Income Ratio |
1 | $70,000 |
$70,000 | $70,000 |
$37,000 | $37,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $127,000 |
$63,000 | $69,000 |
$45,000 | $55,000 |
| 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 COMMERCE BANK by:
Metropolitan Area And
County
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