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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, N.A.
Mortgage Loans and Application Details
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| Mortgage Company Name |
SOUTH CENTRAL BANK, N.A. |
| Address | 525 W. ROOSEVELT ROAD
CHICAGO, IL 60607 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 5,897 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $172,310,000 |
| Average Mortgage Loan Amount Applied For | $19,684 |
| Highest Mortgage Loan Amount Applied For | $902,000 |
| Average Applicant Income | $62,107 |
| Highest Applicant Income | $1,200,000 |
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| Home Improvement |
5,380 | $63,359,000 |
$11,000 | $394,000 |
$60,000 | $1,200,000 |
| Home Purchase |
371 | $79,268,000 |
$213,000 | $900,000 |
$81,000 | $1,000,000 |
| Refinancing |
146 | $29,683,000 |
$203,000 | $902,000 |
$80,000 | $430,000 |
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| American Indian or Alaskan Native |
11 | $131,000 |
$11,000 | $14,000 |
$54,000 | $254,000 |
| Asian |
57 | $7,014,000 |
$123,000 | $380,000 |
$77,000 | $404,000 |
| Black or African American |
981 | $21,458,000 |
$21,000 | $406,000 |
$55,000 | $447,000 |
| Hispanic |
387 | $25,492,000 |
$65,000 | $540,000 |
$53,000 | $390,000 |
| Native Hawaiin or Other Pacific Islander |
7 | $700,000 |
$100,000 | $396,000 |
$75,000 | $139,000 |
| Not applicable |
1 | $540,000 |
$540,000 | $540,000 |
$0 | $0 |
| Not Provided |
138 | $5,854,000 |
$42,000 | $877,000 |
$60,000 | $203,000 |
| White |
4,315 | $111,121,000 |
$25,000 | $902,000 |
$64,000 | $1,200,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
3,512 | $143,601,000 |
$40,000 | $902,000 |
$68,000 | $1,200,000 |
| FHA-insured (Federal Housing Administration) |
2,385 | $28,709,000 |
$12,000 | $244,000 |
$53,000 | $390,000 |
| 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 |
878 | $10,814,000 |
$12,000 | $230,000 |
$63,000 | $728,000 |
| Application Denied By Financial Institution |
1,503 | $25,354,000 |
$16,000 | $877,000 |
$53,000 | $390,000 |
| Application Withdrawn By Applicant |
1,143 | $58,104,000 |
$50,000 | $900,000 |
$57,000 | $1,000,000 |
| File Closed For Incompleteness |
1 | $11,000 |
$11,000 | $11,000 |
$0 | $0 |
| Loan Originated |
2,372 | $78,027,000 |
$32,000 | $902,000 |
$70,000 | $1,200,000 |
| 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 |
10 | $346,000 |
$34,000 | $135,000 |
$63,000 | $125,000 |
| Credit Application Incomplete |
2 | $82,000 |
$41,000 | $66,000 |
$54,000 | $89,000 |
| Credit History |
1,033 | $13,408,000 |
$12,000 | $352,000 |
$55,000 | $390,000 |
| Debt-To-Income Ratio |
428 | $10,489,000 |
$24,000 | $877,000 |
$47,000 | $210,000 |
| Employment History |
4 | $33,000 |
$8,000 | $12,000 |
$40,000 | $52,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $29,000 |
$14,000 | $19,000 |
$9,000 | $10,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
6 | $613,000 |
$102,000 | $266,000 |
$20,000 | $44,000 |
| Unverifiable Information |
18 | $354,000 |
$19,000 | $152,000 |
$50,000 | $94,000 |
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Mortgage Loan App Totals for SOUTH CENTRAL BANK, N.A. by:
Metropolitan Area And
County
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