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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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RED MOUNTAIN BANK N.A.
Mortgage Loans and Application Details
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| Mortgage Company Name |
RED MOUNTAIN BANK N.A. |
| Address | P.O. BOX 381748
BIRMINGHAM, AL 35238 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 127 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $34,630,000 |
| Average Mortgage Loan Amount Applied For | $292,904 |
| Highest Mortgage Loan Amount Applied For | $2,335,000 |
| Average Applicant Income | $153,809 |
| Highest Applicant Income | $9,800,000 |
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| Home Improvement |
1 | $2,000,000 |
$2,000,000 | $2,000,000 |
$554,000 | $554,000 |
| Home Purchase |
76 | $14,684,000 |
$193,000 | $1,500,000 |
$85,000 | $900,000 |
| Refinancing |
50 | $17,946,000 |
$358,000 | $2,335,000 |
$508,000 | $9,800,000 |
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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 |
1 | $100,000 |
$100,000 | $100,000 |
$56,000 | $56,000 |
| Hispanic |
2 | $874,000 |
$437,000 | $714,000 |
$177,000 | $299,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
21 | $6,855,000 |
$326,000 | $1,500,000 |
$0 | $0 |
| Not Provided |
5 | $1,868,000 |
$373,000 | $675,000 |
$4,069,000 | $9,800,000 |
| White |
98 | $24,933,000 |
$254,000 | $2,335,000 |
$120,000 | $900,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
127 | $34,630,000 |
$272,000 | $2,335,000 |
$256,000 | $9,800,000 |
| 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 |
8 | $1,508,000 |
$188,000 | $515,000 |
$54,000 | $94,000 |
| Application Withdrawn By Applicant |
27 | $9,526,000 |
$352,000 | $2,335,000 |
$147,000 | $900,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
92 | $23,596,000 |
$256,000 | $2,000,000 |
$305,000 | $9,800,000 |
| 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 |
2 | $170,000 |
$85,000 | $110,000 |
$56,000 | $73,000 |
| Debt-To-Income Ratio |
2 | $595,000 |
$297,000 | $515,000 |
$67,000 | $70,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $340,000 |
$170,000 | $180,000 |
$63,000 | $94,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $16,000 |
$16,000 | $16,000 |
$41,000 | $41,000 |
| Unverifiable Information |
1 | $387,000 |
$387,000 | $387,000 |
$22,000 | $22,000 |
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Mortgage Loan App Totals for RED MOUNTAIN BANK N.A. by:
Metropolitan Area And
County
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