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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 EXCHANGE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
PEOPLES EXCHANGE BANK |
| Address | PO BOX 127
BEATTYVILLE, KY 41311 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 655 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $52,291,000 |
| Average Mortgage Loan Amount Applied For | $89,620 |
| Highest Mortgage Loan Amount Applied For | $474,000 |
| Average Applicant Income | $62,913 |
| Highest Applicant Income | $1,086,000 |
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| Home Improvement |
120 | $2,491,000 |
$20,000 | $310,000 |
$55,000 | $724,000 |
| Home Purchase |
253 | $21,863,000 |
$86,000 | $307,000 |
$54,000 | $532,000 |
| Refinancing |
282 | $27,937,000 |
$99,000 | $474,000 |
$63,000 | $1,086,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $213,000 |
$106,000 | $128,000 |
$43,000 | $45,000 |
| Black or African American |
8 | $627,000 |
$78,000 | $154,000 |
$60,000 | $157,000 |
| Hispanic |
3 | $234,000 |
$78,000 | $119,000 |
$44,000 | $59,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
19 | $1,848,000 |
$97,000 | $474,000 |
$0 | $0 |
| Not Provided |
1 | $90,000 |
$90,000 | $90,000 |
$20,000 | $20,000 |
| White |
622 | $49,279,000 |
$79,000 | $390,000 |
$60,000 | $1,086,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
622 | $49,002,000 |
$78,000 | $474,000 |
$59,000 | $1,086,000 |
| FHA-insured (Federal Housing Administration) |
9 | $731,000 |
$81,000 | $119,000 |
$37,000 | $60,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
15 | $1,365,000 |
$91,000 | $130,000 |
$35,000 | $54,000 |
| VA-guaranteed (Veterans Administration) |
9 | $1,193,000 |
$132,000 | $182,000 |
$59,000 | $104,000 |
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| Application Approved But Not Accepted |
1 | $43,000 |
$43,000 | $43,000 |
$23,000 | $23,000 |
| Application Denied By Financial Institution |
52 | $2,752,000 |
$52,000 | $186,000 |
$35,000 | $120,000 |
| Application Withdrawn By Applicant |
35 | $3,252,000 |
$92,000 | $250,000 |
$74,000 | $532,000 |
| File Closed For Incompleteness |
1 | $52,000 |
$52,000 | $52,000 |
$102,000 | $102,000 |
| Loan Originated |
566 | $46,192,000 |
$81,000 | $474,000 |
$59,000 | $1,086,000 |
| 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 |
7 | $430,000 |
$61,000 | $186,000 |
$45,000 | $120,000 |
| Credit Application Incomplete |
2 | $204,000 |
$102,000 | $138,000 |
$39,000 | $66,000 |
| Credit History |
28 | $1,079,000 |
$38,000 | $152,000 |
$32,000 | $64,000 |
| Debt-To-Income Ratio |
11 | $1,003,000 |
$91,000 | $182,000 |
$34,000 | $65,000 |
| Employment History |
2 | $17,000 |
$8,000 | $11,000 |
$43,000 | $50,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $19,000 |
$9,000 | $17,000 |
$18,000 | $29,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for PEOPLES EXCHANGE BANK by:
Metropolitan Area And
County
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