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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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SECURITY BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
SECURITY BANK |
| Address | 2301 UNIVERSITY BOULEVARD
TUSCALOOSA, AL 35401 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 233 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $30,776,000 |
| Average Mortgage Loan Amount Applied For | $142,444 |
| Highest Mortgage Loan Amount Applied For | $588,000 |
| Average Applicant Income | $74,222 |
| Highest Applicant Income | $293,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
188 | $24,057,000 |
$127,000 | $366,000 |
$67,000 | $241,000 |
| Refinancing |
60 | $8,612,000 |
$143,000 | $588,000 |
$80,000 | $293,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $323,000 |
$161,000 | $225,000 |
$56,000 | $92,000 |
| Black or African American |
17 | $2,198,000 |
$129,000 | $366,000 |
$58,000 | $241,000 |
| Hispanic |
1 | $112,000 |
$112,000 | $112,000 |
$67,000 | $67,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
5 | $867,000 |
$173,000 | $272,000 |
$0 | $0 |
| Not Provided |
6 | $777,000 |
$129,000 | $338,000 |
$75,000 | $138,000 |
| White |
217 | $28,392,000 |
$130,000 | $588,000 |
$73,000 | $293,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
248 | $32,669,000 |
$131,000 | $588,000 |
$70,000 | $293,000 |
| 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 |
1 | $94,000 |
$94,000 | $94,000 |
$47,000 | $47,000 |
| Application Denied By Financial Institution |
16 | $2,066,000 |
$129,000 | $447,000 |
$60,000 | $293,000 |
| Application Withdrawn By Applicant |
26 | $3,478,000 |
$133,000 | $240,000 |
$64,000 | $200,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
205 | $27,031,000 |
$131,000 | $588,000 |
$72,000 | $241,000 |
| 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 |
7 | $803,000 |
$114,000 | $209,000 |
$45,000 | $80,000 |
| Debt-To-Income Ratio |
7 | $1,013,000 |
$144,000 | $447,000 |
$65,000 | $293,000 |
| Employment History |
1 | $200,000 |
$200,000 | $200,000 |
$65,000 | $65,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $50,000 |
$50,000 | $50,000 |
$130,000 | $130,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for SECURITY BANK by:
Metropolitan Area And
County
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