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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 COASTAL BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
SOUTH COASTAL BANK |
| Address | 279 UNION STREET
ROCKLAND, MA 02370 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 122 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $23,287,000 |
| Average Mortgage Loan Amount Applied For | $230,500 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $395,333 |
| Highest Applicant Income | $2,282,000 |
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| Home Improvement |
30 | $4,601,000 |
$153,000 | $1,000,000 |
$107,000 | $345,000 |
| Home Purchase |
50 | $12,408,000 |
$248,000 | $800,000 |
$96,000 | $1,104,000 |
| Refinancing |
50 | $7,666,000 |
$153,000 | $900,000 |
$183,000 | $2,282,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $165,000 |
$82,000 | $160,000 |
$39,000 | $39,000 |
| Black or African American |
3 | $229,000 |
$76,000 | $200,000 |
$68,000 | $87,000 |
| Hispanic |
2 | $232,000 |
$116,000 | $192,000 |
$44,000 | $60,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $155,000 |
$155,000 | $155,000 |
$48,000 | $48,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
122 | $23,894,000 |
$195,000 | $1,000,000 |
$137,000 | $2,282,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
130 | $24,675,000 |
$189,000 | $1,000,000 |
$132,000 | $2,282,000 |
| 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 |
5 | $1,210,000 |
$242,000 | $1,000,000 |
$151,000 | $345,000 |
| Application Denied By Financial Institution |
20 | $3,688,000 |
$184,000 | $387,000 |
$62,000 | $200,000 |
| Application Withdrawn By Applicant |
5 | $1,089,000 |
$217,000 | $300,000 |
$66,000 | $78,000 |
| File Closed For Incompleteness |
4 | $1,943,000 |
$485,000 | $725,000 |
$142,000 | $240,000 |
| Loan Originated |
94 | $15,880,000 |
$168,000 | $900,000 |
$103,000 | $1,104,000 |
| Loan Purchased By The Institution |
2 | $865,000 |
$432,000 | $500,000 |
$2,282,000 | $2,282,000 |
| 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 |
6 | $901,000 |
$150,000 | $285,000 |
$46,000 | $84,000 |
| Debt-To-Income Ratio |
12 | $2,447,000 |
$203,000 | $387,000 |
$75,000 | $200,000 |
| 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 |
1 | $300,000 |
$300,000 | $300,000 |
$0 | $0 |
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Mortgage Loan App Totals for SOUTH COASTAL BANK by:
Metropolitan Area And
County
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