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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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RICHLAND STATE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
RICHLAND STATE BANK |
| Address | P O BOX 817
RAYVILLE, LA 71269 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 263 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $20,810,000 |
| Average Mortgage Loan Amount Applied For | $96,400 |
| Highest Mortgage Loan Amount Applied For | $496,000 |
| Average Applicant Income | $113,960 |
| Highest Applicant Income | $1,993,000 |
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| Home Improvement |
55 | $642,000 |
$11,000 | $45,000 |
$50,000 | $164,000 |
| Home Purchase |
133 | $12,826,000 |
$96,000 | $351,000 |
$87,000 | $1,993,000 |
| Refinancing |
78 | $7,647,000 |
$98,000 | $496,000 |
$68,000 | $457,000 |
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| American Indian or Alaskan Native |
1 | $34,000 |
$34,000 | $34,000 |
$19,000 | $19,000 |
| Asian |
1 | $45,000 |
$45,000 | $45,000 |
$63,000 | $63,000 |
| Black or African American |
32 | $1,424,000 |
$44,000 | $182,000 |
$46,000 | $164,000 |
| Hispanic |
2 | $123,000 |
$61,000 | $79,000 |
$27,000 | $42,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
8 | $892,000 |
$111,000 | $410,000 |
$45,000 | $133,000 |
| Not Provided |
1 | $39,000 |
$39,000 | $39,000 |
$29,000 | $29,000 |
| White |
221 | $18,558,000 |
$83,000 | $496,000 |
$80,000 | $1,993,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
219 | $16,469,000 |
$75,000 | $496,000 |
$79,000 | $1,993,000 |
| FHA-insured (Federal Housing Administration) |
10 | $1,067,000 |
$106,000 | $174,000 |
$54,000 | $97,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
32 | $2,523,000 |
$78,000 | $133,000 |
$40,000 | $71,000 |
| VA-guaranteed (Veterans Administration) |
5 | $1,056,000 |
$211,000 | $345,000 |
$92,000 | $131,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
26 | $2,006,000 |
$77,000 | $345,000 |
$70,000 | $615,000 |
| Application Withdrawn By Applicant |
8 | $819,000 |
$102,000 | $342,000 |
$88,000 | $330,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
232 | $18,290,000 |
$78,000 | $496,000 |
$74,000 | $1,993,000 |
| 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 | $315,000 |
$78,000 | $148,000 |
$172,000 | $615,000 |
| Credit Application Incomplete |
3 | $209,000 |
$69,000 | $100,000 |
$66,000 | $129,000 |
| Credit History |
11 | $699,000 |
$63,000 | $160,000 |
$54,000 | $118,000 |
| Debt-To-Income Ratio |
6 | $745,000 |
$124,000 | $345,000 |
$48,000 | $131,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $20,000 |
$20,000 | $20,000 |
$43,000 | $43,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for RICHLAND STATE BANK by:
Metropolitan Area And
County
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