NEW SOUTH FEDERAL SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
NEW SOUTH FEDERAL SAVINGS BANK |
| Address | 1900 CRESTWOOD BOULEVARD
BIRMINGHAM, AL 35210 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2007 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Loan Applications Processed | 13,019 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $1,740,408,000 |
| Average Mortgage Loan Amount Applied For | $139,527 |
| Highest Mortgage Loan Amount Applied For | $17,693,000 |
| Average Applicant Income | $63,515 |
| Highest Applicant Income | $9,534,000 |
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| Home Improvement |
347 | $40,921,000 |
$117,000 | $750,000 |
$59,000 | $288,000 |
| Home Purchase |
8,204 | $1,121,660,000 |
$136,000 | $17,693,000 |
$60,000 | $1,503,000 |
| Refinancing |
6,703 | $831,206,000 |
$124,000 | $3,190,000 |
$60,000 | $9,534,000 |
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| American Indian or Alaskan Native |
43 | $5,122,000 |
$119,000 | $318,000 |
$50,000 | $160,000 |
| Asian |
148 | $24,945,000 |
$168,000 | $451,000 |
$82,000 | $300,000 |
| Black or African American |
4,454 | $479,688,000 |
$107,000 | $1,600,000 |
$49,000 | $1,503,000 |
| Hispanic |
440 | $64,556,000 |
$146,000 | $646,000 |
$65,000 | $727,000 |
| Native Hawaiin or Other Pacific Islander |
17 | $2,321,000 |
$136,000 | $270,000 |
$121,000 | $680,000 |
| Not applicable |
6 | $56,653,000 |
$9,442,000 | $17,693,000 |
$0 | $0 |
| Not Provided |
355 | $43,686,000 |
$123,000 | $975,000 |
$52,000 | $420,000 |
| White |
9,791 | $1,316,816,000 |
$134,000 | $3,190,000 |
$65,000 | $9,534,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
11,876 | $1,591,860,000 |
$134,000 | $17,693,000 |
$64,000 | $9,534,000 |
| FHA-insured (Federal Housing Administration) |
2,693 | $295,415,000 |
$109,000 | $295,000 |
$44,000 | $627,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
32 | $3,727,000 |
$116,000 | $192,000 |
$38,000 | $72,000 |
| VA-guaranteed (Veterans Administration) |
653 | $102,785,000 |
$157,000 | $426,000 |
$59,000 | $288,000 |
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| Application Approved But Not Accepted |
471 | $71,466,000 |
$151,000 | $1,040,000 |
$70,000 | $727,000 |
| Application Denied By Financial Institution |
3,359 | $440,711,000 |
$131,000 | $1,600,000 |
$59,000 | $1,092,000 |
| Application Withdrawn By Applicant |
181 | $47,876,000 |
$264,000 | $17,693,000 |
$75,000 | $902,000 |
| File Closed For Incompleteness |
2,434 | $295,269,000 |
$121,000 | $1,200,000 |
$62,000 | $2,400,000 |
| Loan Originated |
5,721 | $774,394,000 |
$135,000 | $14,000,000 |
$63,000 | $9,534,000 |
| Loan Purchased By The Institution |
853 | $110,692,000 |
$129,000 | $750,000 |
$74,000 | $547,000 |
| Preapproval Approved but not Accepted |
562 | $79,157,000 |
$140,000 | $600,000 |
$55,000 | $678,000 |
| Preapproval Denied by Financial Institution |
1,673 | $174,222,000 |
$104,000 | $665,000 |
$42,000 | $1,503,000 |
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| Collateral |
239 | $39,157,000 |
$163,000 | $1,214,000 |
$84,000 | $812,000 |
| Credit Application Incomplete |
20 | $3,451,000 |
$172,000 | $770,000 |
$62,000 | $216,000 |
| Credit History |
3,399 | $381,427,000 |
$112,000 | $1,600,000 |
$51,000 | $1,503,000 |
| Debt-To-Income Ratio |
1,042 | $143,460,000 |
$137,000 | $640,000 |
$45,000 | $360,000 |
| Employment History |
77 | $9,357,000 |
$121,000 | $563,000 |
$55,000 | $180,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
52 | $5,374,000 |
$103,000 | $417,000 |
$49,000 | $150,000 |
| Mortgage Insurance Denied |
5 | $980,000 |
$196,000 | $264,000 |
$168,000 | $540,000 |
| Other |
89 | $12,691,000 |
$142,000 | $608,000 |
$85,000 | $680,000 |
| Unverifiable Information |
109 | $19,036,000 |
$174,000 | $825,000 |
$86,000 | $510,000 |
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Mortgage Loan Application Totals for NEW SOUTH FEDERAL SAVINGS BANK by:
Metropolitan Area And
County
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