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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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NEXITY BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
NEXITY BANK |
| Address | 3500 BLUE LAKE DRIVE, SUITE 330
BIRMINGHAM, AL 35243 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 12 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $1,852,000 |
| Average Mortgage Loan Amount Applied For | $156,454 |
| Highest Mortgage Loan Amount Applied For | $923,000 |
| Average Applicant Income | $76,363 |
| Highest Applicant Income | $269,000 |
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| Home Improvement |
11 | $1,723,000 |
$156,000 | $923,000 |
$87,000 | $269,000 |
| Home Purchase |
2 | $313,000 |
$156,000 | $184,000 |
$0 | $0 |
| Refinancing |
0 | $0 |
$0 | $0 |
$0 | $0 |
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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 | $60,000 |
$30,000 | $30,000 |
$52,000 | $60,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
2 | $313,000 |
$156,000 | $184,000 |
$0 | $0 |
| Not Provided |
3 | $1,153,000 |
$384,000 | $923,000 |
$113,000 | $269,000 |
| White |
6 | $510,000 |
$85,000 | $148,000 |
$85,000 | $129,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
13 | $2,036,000 |
$156,000 | $923,000 |
$73,000 | $269,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
7 | $390,000 |
$55,000 | $120,000 |
$46,000 | $75,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
6 | $1,646,000 |
$274,000 | $923,000 |
$106,000 | $269,000 |
| 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 |
3 | $270,000 |
$90,000 | $120,000 |
$49,000 | $75,000 |
| Debt-To-Income Ratio |
4 | $120,000 |
$30,000 | $50,000 |
$43,000 | $60,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 NEXITY BANK by:
Metropolitan Area And
County
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