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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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PARAGON COMMERCIAL BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
PARAGON COMMERCIAL BANK |
| Address | 3535 GLENWOOD AVENUE
RALEIGH, NC 27612 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 53 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $91,587,000 |
| Average Mortgage Loan Amount Applied For | $3,872,923 |
| Highest Mortgage Loan Amount Applied For | $38,000,000 |
| Average Applicant Income | $152,846 |
| Highest Applicant Income | $2,298,000 |
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| Home Improvement |
4 | $12,905,000 |
$3,226,000 | $10,000,000 |
$238,000 | $763,000 |
| Home Purchase |
34 | $74,655,000 |
$2,195,000 | $38,000,000 |
$158,000 | $2,298,000 |
| Refinancing |
15 | $4,027,000 |
$268,000 | $647,000 |
$84,000 | $594,000 |
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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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
27 | $79,149,000 |
$2,931,000 | $38,000,000 |
$0 | $0 |
| Not Provided |
9 | $7,262,000 |
$806,000 | $1,750,000 |
$352,000 | $2,298,000 |
| White |
17 | $5,176,000 |
$304,000 | $875,000 |
$261,000 | $763,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
53 | $91,587,000 |
$1,728,000 | $38,000,000 |
$143,000 | $2,298,000 |
| 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 |
7 | $1,707,000 |
$243,000 | $440,000 |
$123,000 | $423,000 |
| Application Denied By Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Withdrawn By Applicant |
4 | $984,000 |
$246,000 | $647,000 |
$106,000 | $261,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
42 | $88,896,000 |
$2,116,000 | $38,000,000 |
$150,000 | $2,298,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 PARAGON COMMERCIAL BANK by:
Metropolitan Area And
County
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