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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 & TRUST CO
Mortgage Loans and Application Details
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| Mortgage Company Name |
PEOPLES BANK & TRUST CO |
| Address | 310 BROAD STREET
SELMA, AL 36701 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 691 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $45,611,000 |
| Average Mortgage Loan Amount Applied For | $60,648 |
| Highest Mortgage Loan Amount Applied For | $15,759,000 |
| Average Applicant Income | $68,729 |
| Highest Applicant Income | $1,107,000 |
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| Home Improvement |
263 | $2,985,000 |
$11,000 | $210,000 |
$43,000 | $237,000 |
| Home Purchase |
353 | $32,649,000 |
$92,000 | $15,759,000 |
$59,000 | $394,000 |
| Refinancing |
88 | $10,656,000 |
$121,000 | $3,260,000 |
$79,000 | $1,107,000 |
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| American Indian or Alaskan Native |
4 | $154,000 |
$38,000 | $104,000 |
$46,000 | $74,000 |
| Asian |
2 | $301,000 |
$150,000 | $267,000 |
$150,000 | $252,000 |
| Black or African American |
171 | $3,963,000 |
$23,000 | $230,000 |
$41,000 | $438,000 |
| Hispanic |
6 | $216,000 |
$36,000 | $117,000 |
$45,000 | $72,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $2,000 |
$2,000 | $2,000 |
$27,000 | $27,000 |
| Not applicable |
16 | $21,930,000 |
$1,370,000 | $15,759,000 |
$16,000 | $267,000 |
| Not Provided |
18 | $570,000 |
$31,000 | $75,000 |
$58,000 | $267,000 |
| White |
486 | $19,154,000 |
$39,000 | $560,000 |
$62,000 | $1,107,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
704 | $46,290,000 |
$65,000 | $15,759,000 |
$56,000 | $1,107,000 |
| 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 |
19 | $1,185,000 |
$62,000 | $267,000 |
$69,000 | $252,000 |
| Application Denied By Financial Institution |
158 | $4,475,000 |
$28,000 | $202,000 |
$33,000 | $112,000 |
| Application Withdrawn By Applicant |
17 | $694,000 |
$40,000 | $210,000 |
$33,000 | $100,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
510 | $39,936,000 |
$78,000 | $15,759,000 |
$63,000 | $1,107,000 |
| 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 |
4 | $159,000 |
$39,000 | $64,000 |
$32,000 | $38,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
113 | $2,650,000 |
$23,000 | $100,000 |
$31,000 | $105,000 |
| Debt-To-Income Ratio |
27 | $1,252,000 |
$46,000 | $202,000 |
$40,000 | $96,000 |
| Employment History |
12 | $345,000 |
$28,000 | $117,000 |
$33,000 | $112,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $69,000 |
$34,000 | $66,000 |
$47,000 | $54,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for PEOPLES BANK & TRUST CO by:
Metropolitan Area And
County
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