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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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OUACHITA INDEPENDENT BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
OUACHITA INDEPENDENT BANK |
| Address | 2002 N 7TH ST
WEST MONROE, LA 71291 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 499 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $53,053,000 |
| Average Mortgage Loan Amount Applied For | $82,923 |
| Highest Mortgage Loan Amount Applied For | $911,000 |
| Average Applicant Income | $52,923 |
| Highest Applicant Income | $1,521,000 |
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| Home Improvement |
49 | $1,650,000 |
$33,000 | $251,000 |
$51,000 | $241,000 |
| Home Purchase |
446 | $52,366,000 |
$117,000 | $911,000 |
$63,000 | $420,000 |
| Refinancing |
284 | $33,727,000 |
$118,000 | $683,000 |
$85,000 | $2,800,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
4 | $699,000 |
$174,000 | $225,000 |
$94,000 | $240,000 |
| Black or African American |
64 | $5,786,000 |
$90,000 | $272,000 |
$45,000 | $133,000 |
| Hispanic |
6 | $487,000 |
$81,000 | $213,000 |
$63,000 | $98,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
24 | $3,534,000 |
$147,000 | $911,000 |
$0 | $0 |
| Not Provided |
140 | $15,249,000 |
$108,000 | $515,000 |
$78,000 | $2,800,000 |
| White |
541 | $61,988,000 |
$114,000 | $683,000 |
$74,000 | $1,521,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
754 | $85,066,000 |
$112,000 | $911,000 |
$71,000 | $2,800,000 |
| FHA-insured (Federal Housing Administration) |
12 | $1,125,000 |
$93,000 | $142,000 |
$54,000 | $88,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $106,000 |
$106,000 | $106,000 |
$44,000 | $44,000 |
| VA-guaranteed (Veterans Administration) |
12 | $1,446,000 |
$120,000 | $232,000 |
$54,000 | $91,000 |
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| Application Approved But Not Accepted |
12 | $1,233,000 |
$102,000 | $348,000 |
$60,000 | $129,000 |
| Application Denied By Financial Institution |
91 | $7,539,000 |
$82,000 | $330,000 |
$46,000 | $240,000 |
| Application Withdrawn By Applicant |
166 | $21,554,000 |
$129,000 | $528,000 |
$86,000 | $2,800,000 |
| File Closed For Incompleteness |
17 | $1,424,000 |
$83,000 | $144,000 |
$42,000 | $92,000 |
| Loan Originated |
493 | $55,993,000 |
$113,000 | $911,000 |
$71,000 | $1,521,000 |
| 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 |
10 | $701,000 |
$70,000 | $115,000 |
$39,000 | $72,000 |
| Credit Application Incomplete |
1 | $78,000 |
$78,000 | $78,000 |
$64,000 | $64,000 |
| Credit History |
62 | $5,033,000 |
$81,000 | $330,000 |
$46,000 | $240,000 |
| Debt-To-Income Ratio |
8 | $1,105,000 |
$138,000 | $228,000 |
$51,000 | $101,000 |
| Employment History |
2 | $170,000 |
$85,000 | $91,000 |
$53,000 | $78,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $122,000 |
$61,000 | $82,000 |
$86,000 | $113,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
2 | $185,000 |
$92,000 | $132,000 |
$53,000 | $87,000 |
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Mortgage Loan App Totals for OUACHITA INDEPENDENT BANK by:
Metropolitan Area And
County
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