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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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NEWTON FEDERAL BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
NEWTON FEDERAL BANK |
| Address | 3175 HWY 278
COVINGTON, GA 30014 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 330 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $48,174,000 |
| Average Mortgage Loan Amount Applied For | $187,615 |
| Highest Mortgage Loan Amount Applied For | $715,000 |
| Average Applicant Income | $116,384 |
| Highest Applicant Income | $1,252,000 |
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| Home Improvement |
19 | $1,559,000 |
$82,000 | $250,000 |
$64,000 | $148,000 |
| Home Purchase |
134 | $24,112,000 |
$179,000 | $600,000 |
$96,000 | $841,000 |
| Refinancing |
184 | $23,628,000 |
$128,000 | $715,000 |
$109,000 | $1,252,000 |
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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 |
33 | $4,024,000 |
$121,000 | $353,000 |
$66,000 | $290,000 |
| Hispanic |
3 | $328,000 |
$109,000 | $206,000 |
$53,000 | $62,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
34 | $5,177,000 |
$152,000 | $560,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
267 | $39,770,000 |
$148,000 | $715,000 |
$119,000 | $1,252,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
336 | $49,243,000 |
$146,000 | $715,000 |
$102,000 | $1,252,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $56,000 |
$56,000 | $56,000 |
$56,000 | $56,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
1 | $55,000 |
$55,000 | $55,000 |
$87,000 | $87,000 |
| Application Denied By Financial Institution |
18 | $1,862,000 |
$103,000 | $255,000 |
$46,000 | $100,000 |
| Application Withdrawn By Applicant |
5 | $489,000 |
$97,000 | $140,000 |
$69,000 | $97,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
313 | $46,893,000 |
$149,000 | $715,000 |
$105,000 | $1,252,000 |
| 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 |
2 | $167,000 |
$83,000 | $160,000 |
$39,000 | $53,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
13 | $1,195,000 |
$91,000 | $200,000 |
$43,000 | $78,000 |
| Debt-To-Income Ratio |
2 | $340,000 |
$170,000 | $255,000 |
$62,000 | $100,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
1 | $160,000 |
$160,000 | $160,000 |
$68,000 | $68,000 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for NEWTON FEDERAL BANK by:
Metropolitan Area And
County
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