|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
RESOURCE BANK
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
RESOURCE BANK |
| Address | 5100 VILLAGE WALK SUITE 102
COVINGTON, LA 70433 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 165 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $20,789,000 |
| Average Mortgage Loan Amount Applied For | $170,583 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $111,583 |
| Highest Applicant Income | $1,065,000 |
|
|
|
| Home Improvement |
54 | $2,511,000 |
$46,000 | $280,000 |
$92,000 | $523,000 |
| Home Purchase |
61 | $11,415,000 |
$187,000 | $1,000,000 |
$160,000 | $1,065,000 |
| Refinancing |
50 | $6,863,000 |
$137,000 | $540,000 |
$135,000 | $618,000 |
|
|
| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $115,000 |
$57,000 | $100,000 |
$155,000 | $281,000 |
| Black or African American |
8 | $119,000 |
$14,000 | $34,000 |
$23,000 | $46,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
19 | $4,759,000 |
$250,000 | $800,000 |
$0 | $0 |
| Not Provided |
2 | $1,120,000 |
$560,000 | $1,000,000 |
$114,000 | $228,000 |
| White |
134 | $14,676,000 |
$109,000 | $485,000 |
$155,000 | $1,065,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
165 | $20,789,000 |
$125,000 | $1,000,000 |
$130,000 | $1,065,000 |
| 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 |
|
|
| Application Approved But Not Accepted |
1 | $34,000 |
$34,000 | $34,000 |
$66,000 | $66,000 |
| Application Denied By Financial Institution |
13 | $1,481,000 |
$113,000 | $1,000,000 |
$48,000 | $228,000 |
| Application Withdrawn By Applicant |
6 | $527,000 |
$87,000 | $140,000 |
$79,000 | $201,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
145 | $18,747,000 |
$129,000 | $800,000 |
$140,000 | $1,065,000 |
| 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 |
|
|
| Collateral |
1 | $5,000 |
$5,000 | $5,000 |
$86,000 | $86,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
4 | $139,000 |
$34,000 | $70,000 |
$41,000 | $78,000 |
| 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 |
|
Mortgage Loan App Totals for RESOURCE BANK by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
