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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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PROGRESSIVE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
PROGRESSIVE BANK |
| Address | P O BOX 1000
WINNSBORO, LA 71295 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 159 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $13,432,000 |
| Average Mortgage Loan Amount Applied For | $134,833 |
| Highest Mortgage Loan Amount Applied For | $1,630,000 |
| Average Applicant Income | $103,222 |
| Highest Applicant Income | $579,000 |
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| Home Improvement |
26 | $686,000 |
$26,000 | $210,000 |
$59,000 | $162,000 |
| Home Purchase |
79 | $7,826,000 |
$99,000 | $685,000 |
$82,000 | $579,000 |
| Refinancing |
68 | $6,306,000 |
$92,000 | $1,630,000 |
$66,000 | $277,000 |
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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 |
14 | $311,000 |
$22,000 | $65,000 |
$22,000 | $48,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
15 | $2,363,000 |
$157,000 | $487,000 |
$142,000 | $579,000 |
| Not Provided |
16 | $1,850,000 |
$115,000 | $685,000 |
$74,000 | $511,000 |
| White |
128 | $10,294,000 |
$80,000 | $1,630,000 |
$70,000 | $452,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
173 | $14,818,000 |
$85,000 | $1,630,000 |
$72,000 | $579,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
34 | $1,596,000 |
$46,000 | $333,000 |
$29,000 | $91,000 |
| Application Withdrawn By Applicant |
20 | $1,078,000 |
$53,000 | $255,000 |
$30,000 | $115,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
119 | $12,144,000 |
$102,000 | $1,630,000 |
$92,000 | $579,000 |
| 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 |
1 | $50,000 |
$50,000 | $50,000 |
$26,000 | $26,000 |
| Credit Application Incomplete |
1 | $23,000 |
$23,000 | $23,000 |
$26,000 | $26,000 |
| Credit History |
18 | $640,000 |
$35,000 | $312,000 |
$30,000 | $86,000 |
| Debt-To-Income Ratio |
5 | $360,000 |
$72,000 | $210,000 |
$18,000 | $30,000 |
| Employment History |
1 | $10,000 |
$10,000 | $10,000 |
$18,000 | $18,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $333,000 |
$333,000 | $333,000 |
$91,000 | $91,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
4 | $51,000 |
$12,000 | $20,000 |
$32,000 | $55,000 |
| Unverifiable Information |
2 | $105,000 |
$52,000 | $70,000 |
$31,000 | $62,000 |
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Mortgage Loan App Totals for PROGRESSIVE BANK by:
Metropolitan Area And
County
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