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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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SHORE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
SHORE BANK |
| Address | P.O. BOX 920
ONLEY, VA 23418 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 220 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $35,204,000 |
| Average Mortgage Loan Amount Applied For | $288,875 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $191,250 |
| Highest Applicant Income | $1,478,000 |
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| Home Improvement |
4 | $651,000 |
$162,000 | $482,000 |
$49,000 | $117,000 |
| Home Purchase |
73 | $14,303,000 |
$195,000 | $925,000 |
$94,000 | $1,000,000 |
| Refinancing |
143 | $20,250,000 |
$141,000 | $1,000,000 |
$83,000 | $1,478,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $332,000 |
$166,000 | $192,000 |
$52,000 | $80,000 |
| Black or African American |
15 | $1,019,000 |
$67,000 | $164,000 |
$36,000 | $76,000 |
| Hispanic |
3 | $196,000 |
$65,000 | $113,000 |
$48,000 | $58,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
15 | $2,380,000 |
$158,000 | $500,000 |
$11,000 | $131,000 |
| Not Provided |
34 | $4,930,000 |
$145,000 | $640,000 |
$42,000 | $228,000 |
| White |
151 | $26,347,000 |
$174,000 | $1,000,000 |
$110,000 | $1,478,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
220 | $35,204,000 |
$160,000 | $1,000,000 |
$86,000 | $1,478,000 |
| 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 |
24 | $2,021,000 |
$84,000 | $370,000 |
$24,000 | $112,000 |
| Application Withdrawn By Applicant |
19 | $2,765,000 |
$145,000 | $640,000 |
$30,000 | $166,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
177 | $30,418,000 |
$171,000 | $1,000,000 |
$101,000 | $1,478,000 |
| 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 |
2 | $352,000 |
$176,000 | $327,000 |
$29,000 | $59,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
17 | $1,017,000 |
$59,000 | $175,000 |
$18,000 | $55,000 |
| Debt-To-Income Ratio |
3 | $600,000 |
$200,000 | $370,000 |
$56,000 | $112,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $32,000 |
$32,000 | $32,000 |
$30,000 | $30,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $20,000 |
$20,000 | $20,000 |
$7,000 | $7,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for SHORE BANK by:
Metropolitan Area And
County
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