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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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NEW CENTURY BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
NEW CENTURY BANK |
| Address | 700 WEST CUMBERLAND ST
DUNN, NC 28334 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 131 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $13,976,000 |
| Average Mortgage Loan Amount Applied For | $182,100 |
| Highest Mortgage Loan Amount Applied For | $995,000 |
| Average Applicant Income | $80,900 |
| Highest Applicant Income | $1,163,000 |
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| Home Improvement |
17 | $502,000 |
$29,000 | $111,000 |
$79,000 | $330,000 |
| Home Purchase |
65 | $7,018,000 |
$107,000 | $894,000 |
$115,000 | $1,163,000 |
| Refinancing |
49 | $6,456,000 |
$131,000 | $995,000 |
$76,000 | $400,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $47,000 |
$47,000 | $47,000 |
$84,000 | $84,000 |
| Black or African American |
8 | $498,000 |
$62,000 | $214,000 |
$66,000 | $147,000 |
| Hispanic |
2 | $122,000 |
$61,000 | $111,000 |
$183,000 | $330,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $178,000 |
$89,000 | $100,000 |
$32,000 | $34,000 |
| Not applicable |
33 | $3,338,000 |
$101,000 | $270,000 |
$25,000 | $530,000 |
| Not Provided |
2 | $163,000 |
$81,000 | $117,000 |
$77,000 | $85,000 |
| White |
83 | $9,630,000 |
$116,000 | $995,000 |
$126,000 | $1,163,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
131 | $13,976,000 |
$106,000 | $995,000 |
$95,000 | $1,163,000 |
| 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 | $85,000 |
$85,000 | $85,000 |
$45,000 | $45,000 |
| Application Denied By Financial Institution |
6 | $430,000 |
$71,000 | $189,000 |
$37,000 | $68,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
124 | $13,461,000 |
$108,000 | $995,000 |
$99,000 | $1,163,000 |
| 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 |
4 | $233,000 |
$58,000 | $104,000 |
$42,000 | $68,000 |
| Debt-To-Income Ratio |
1 | $189,000 |
$189,000 | $189,000 |
$38,000 | $38,000 |
| Employment History |
1 | $8,000 |
$8,000 | $8,000 |
$15,000 | $15,000 |
| 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 NEW CENTURY BANK by:
Metropolitan Area And
County
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