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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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NETBANK FUNDING SERVICES
Mortgage Loans and Application Details
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| Mortgage Company Name |
NETBANK FUNDING SERVICES |
| Address | 9710 TWO NOTCH ROAD
COLUMBIA, SC 29223 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 29,363 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $6,214,578,000 |
| Average Mortgage Loan Amount Applied For | $159,086 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $73,583 |
| Highest Applicant Income | $5,918,000 |
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| Home Improvement |
338 | $82,218,000 |
$243,000 | $1,000,000 |
$91,000 | $2,000,000 |
| Home Purchase |
14,062 | $2,644,898,000 |
$188,000 | $1,000,000 |
$88,000 | $4,290,000 |
| Refinancing |
14,963 | $3,487,462,000 |
$233,000 | $1,000,000 |
$87,000 | $5,918,000 |
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| American Indian or Alaskan Native |
58 | $9,705,000 |
$167,000 | $613,000 |
$74,000 | $400,000 |
| Asian |
864 | $260,691,000 |
$301,000 | $1,000,000 |
$124,000 | $4,290,000 |
| Black or African American |
2,872 | $512,618,000 |
$178,000 | $1,000,000 |
$69,000 | $1,076,000 |
| Hispanic |
2,363 | $502,710,000 |
$212,000 | $985,000 |
$76,000 | $1,020,000 |
| Native Hawaiin or Other Pacific Islander |
68 | $17,660,000 |
$259,000 | $650,000 |
$104,000 | $360,000 |
| Not applicable |
8,932 | $1,996,742,000 |
$223,000 | $950,000 |
$89,000 | $5,918,000 |
| Not Provided |
1,214 | $264,074,000 |
$217,000 | $1,000,000 |
$85,000 | $736,000 |
| White |
12,992 | $2,650,378,000 |
$204,000 | $1,000,000 |
$91,000 | $3,000,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
26,858 | $5,869,549,000 |
$218,000 | $1,000,000 |
$91,000 | $5,918,000 |
| FHA-insured (Federal Housing Administration) |
1,997 | $258,686,000 |
$129,000 | $370,000 |
$51,000 | $373,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $120,000 |
$120,000 | $120,000 |
$77,000 | $77,000 |
| VA-guaranteed (Veterans Administration) |
507 | $86,223,000 |
$170,000 | $429,000 |
$56,000 | $184,000 |
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| Application Approved But Not Accepted |
574 | $122,539,000 |
$213,000 | $987,000 |
$86,000 | $684,000 |
| Application Denied By Financial Institution |
2,932 | $624,681,000 |
$213,000 | $1,000,000 |
$95,000 | $2,615,000 |
| Application Withdrawn By Applicant |
54 | $11,372,000 |
$210,000 | $845,000 |
$96,000 | $314,000 |
| File Closed For Incompleteness |
5,402 | $1,084,260,000 |
$200,000 | $1,000,000 |
$91,000 | $3,000,000 |
| Loan Originated |
11,452 | $2,368,947,000 |
$206,000 | $1,000,000 |
$83,000 | $4,290,000 |
| Loan Purchased By The Institution |
8,949 | $2,002,779,000 |
$223,000 | $950,000 |
$89,000 | $5,918,000 |
| 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 |
486 | $99,366,000 |
$204,000 | $940,000 |
$99,000 | $1,754,000 |
| Credit Application Incomplete |
8 | $1,333,000 |
$166,000 | $400,000 |
$88,000 | $163,000 |
| Credit History |
863 | $162,534,000 |
$188,000 | $1,000,000 |
$78,000 | $2,615,000 |
| Debt-To-Income Ratio |
653 | $138,154,000 |
$211,000 | $1,000,000 |
$84,000 | $588,000 |
| Employment History |
216 | $48,826,000 |
$226,000 | $928,000 |
$111,000 | $859,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
36 | $8,226,000 |
$228,000 | $692,000 |
$107,000 | $360,000 |
| Mortgage Insurance Denied |
3 | $580,000 |
$193,000 | $285,000 |
$34,000 | $75,000 |
| Other |
512 | $126,874,000 |
$247,000 | $1,000,000 |
$117,000 | $1,500,000 |
| Unverifiable Information |
155 | $38,788,000 |
$250,000 | $980,000 |
$123,000 | $852,000 |
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Mortgage Loan App Totals for NETBANK FUNDING SERVICES by:
Metropolitan Area And
County
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