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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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SOUTH CENTRAL BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
SOUTH CENTRAL BANK |
| Address | 525 W ROOSEVELT RD
CHICAGO, IL 60607 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 6,060 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $148,785,000 |
| Average Mortgage Loan Amount Applied For | $15,797 |
| Highest Mortgage Loan Amount Applied For | $920,000 |
| Average Applicant Income | $55,375 |
| Highest Applicant Income | $900,000 |
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| Home Improvement (one-to-four family) |
5,394 | $55,148,000 |
$12,454 | $192,000 |
$53,727 | $463,000 |
| Home Purchase (one-to-four family) |
88 | $18,474,000 |
$209,000 | $920,000 |
$93,000 | $900,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
578 | $75,163,000 |
$112,000 | $620,000 |
$126,076 | $780,000 |
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| American Indian or Alaskan Native |
11 | $332,000 |
$26,800 | $228,000 |
$52,600 | $104,000 |
| Asian or Pacific Islander |
76 | $9,173,000 |
$27,714 | $550,000 |
$69,571 | $317,000 |
| Black |
804 | $14,159,000 |
$13,750 | $375,000 |
$51,625 | $780,000 |
| Hispanic |
419 | $10,168,000 |
$24,777 | $300,000 |
$58,333 | $260,000 |
| Information not provided by applicant in mail or telephone application |
1,195 | $17,694,000 |
$12,363 | $385,000 |
$57,363 | $720,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
28 | $528,000 |
$13,750 | $148,000 |
$55,500 | $121,000 |
| White |
3,527 | $96,731,000 |
$72,142 | $920,000 |
$98,285 | $900,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,999 | $109,669,000 |
$71,866 | $920,000 |
$98,000 | $900,000 |
| FHA-insured (Federal Housing Administration) |
3,061 | $39,116,000 |
$13,454 | $375,000 |
$53,090 | $463,000 |
| 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 |
933 | $9,662,000 |
$11,000 | $300,000 |
$53,111 | $180,000 |
| Application Denied By Financial Institution |
2,473 | $31,963,000 |
$12,300 | $400,000 |
$53,100 | $780,000 |
| Application Withdrawn By Applicant |
441 | $23,144,000 |
$23,100 | $920,000 |
$55,800 | $720,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
2,213 | $84,016,000 |
$75,666 | $620,000 |
$100,466 | $900,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
139 | $4,687,000 |
$23,000 | $400,000 |
$61,625 | $178,000 |
| Credit Application Incomplete |
19 | $403,000 |
$17,166 | $223,000 |
$69,833 | $191,000 |
| Credit History |
1,165 | $13,127,000 |
$12,111 | $168,000 |
$53,000 | $780,000 |
| Debt-To-Income Ratio |
829 | $9,217,000 |
$10,888 | $192,000 |
$44,333 | $318,000 |
| Employment History |
26 | $401,000 |
$18,714 | $100,000 |
$44,571 | $90,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $7,000 |
$7,000 | $7,000 |
$38,000 | $38,000 |
| Mortgage Insurance Denied |
20 | $616,000 |
$21,200 | $214,000 |
$78,400 | $154,000 |
| Other |
95 | $1,635,000 |
$11,750 | $226,000 |
$65,500 | $242,000 |
| Unverifiable Information |
101 | $1,054,000 |
$11,000 | $100,000 |
$62,222 | $463,000 |
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Mortgage Loan App Totals for SOUTH CENTRAL BANK by:
Metropolitan Area And
County
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