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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 SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
SECURITY SAVINGS BANK |
| Address | PO BOX 10069
SOUTHPORT, NC 28461 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 288 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $36,868,000 |
| Average Mortgage Loan Amount Applied For | $120,153 |
| Highest Mortgage Loan Amount Applied For | $945,000 |
| Average Applicant Income | $67,384 |
| Highest Applicant Income | $757,000 |
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| Home Improvement |
20 | $1,446,000 |
$72,000 | $470,000 |
$42,000 | $125,000 |
| Home Purchase |
141 | $21,967,000 |
$155,000 | $877,000 |
$77,000 | $757,000 |
| Refinancing |
127 | $13,455,000 |
$105,000 | $945,000 |
$68,000 | $329,000 |
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| American Indian or Alaskan Native |
5 | $755,000 |
$151,000 | $251,000 |
$68,000 | $144,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
30 | $2,389,000 |
$79,000 | $445,000 |
$56,000 | $490,000 |
| Hispanic |
4 | $196,000 |
$49,000 | $104,000 |
$29,000 | $43,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
5 | $1,779,000 |
$355,000 | $945,000 |
$0 | $0 |
| Not Provided |
1 | $155,000 |
$155,000 | $155,000 |
$60,000 | $60,000 |
| White |
243 | $31,594,000 |
$130,000 | $877,000 |
$75,000 | $757,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
288 | $36,868,000 |
$128,000 | $945,000 |
$71,000 | $757,000 |
| 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 |
3 | $321,000 |
$107,000 | $206,000 |
$49,000 | $77,000 |
| Application Denied By Financial Institution |
66 | $7,567,000 |
$114,000 | $485,000 |
$53,000 | $178,000 |
| Application Withdrawn By Applicant |
17 | $2,444,000 |
$143,000 | $356,000 |
$64,000 | $329,000 |
| File Closed For Incompleteness |
2 | $394,000 |
$197,000 | $325,000 |
$34,000 | $35,000 |
| Loan Originated |
200 | $26,142,000 |
$130,000 | $945,000 |
$78,000 | $757,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
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Mortgage Loan App Totals for SECURITY SAVINGS BANK by:
Metropolitan Area And
County
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