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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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PEOPLES BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
PEOPLES BANK |
| Address | 518 WEST C ST
NEWTON, NC 28658 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 760 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $96,309,000 |
| Average Mortgage Loan Amount Applied For | $206,896 |
| Highest Mortgage Loan Amount Applied For | $1,685,000 |
| Average Applicant Income | $78,137 |
| Highest Applicant Income | $460,000 |
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| Home Improvement |
36 | $942,000 |
$26,000 | $260,000 |
$41,000 | $227,000 |
| Home Purchase |
570 | $78,774,000 |
$138,000 | $1,685,000 |
$58,000 | $460,000 |
| Refinancing |
174 | $18,959,000 |
$108,000 | $650,000 |
$55,000 | $325,000 |
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| American Indian or Alaskan Native |
1 | $94,000 |
$94,000 | $94,000 |
$33,000 | $33,000 |
| Asian |
7 | $1,298,000 |
$185,000 | $548,000 |
$52,000 | $190,000 |
| Black or African American |
8 | $393,000 |
$49,000 | $97,000 |
$42,000 | $74,000 |
| Hispanic |
305 | $33,958,000 |
$111,000 | $227,000 |
$57,000 | $150,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $417,000 |
$417,000 | $417,000 |
$245,000 | $245,000 |
| Not applicable |
38 | $7,526,000 |
$198,000 | $1,685,000 |
$0 | $0 |
| Not Provided |
1 | $200,000 |
$200,000 | $200,000 |
$66,000 | $66,000 |
| White |
419 | $54,789,000 |
$130,000 | $1,000,000 |
$61,000 | $460,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
779 | $98,547,000 |
$126,000 | $1,685,000 |
$56,000 | $460,000 |
| 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) |
1 | $128,000 |
$128,000 | $128,000 |
$23,000 | $23,000 |
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| Application Approved But Not Accepted |
2 | $256,000 |
$128,000 | $144,000 |
$67,000 | $80,000 |
| Application Denied By Financial Institution |
100 | $11,637,000 |
$116,000 | $600,000 |
$50,000 | $380,000 |
| Application Withdrawn By Applicant |
110 | $19,112,000 |
$173,000 | $900,000 |
$75,000 | $379,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
566 | $67,446,000 |
$119,000 | $1,685,000 |
$54,000 | $460,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
2 | $224,000 |
$112,000 | $119,000 |
$32,000 | $38,000 |
| 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 PEOPLES BANK by:
Metropolitan Area And
County
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