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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 TRUST BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
SOUTH TRUST BANK |
| Address | 1 METROPLEX DR, SUITE 500
HOMEWOOD, AL 35209 |
| Agency | Federal Reserve System (FRS) |
| Year | 2004 |
| All Data Years | 2003 2004 |
| Total Number of Mortgage Loan Applications Processed | 18,176 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $2,268,969,000 |
| Average Mortgage Loan Amount Applied For | $119,281 |
| Highest Mortgage Loan Amount Applied For | $28,625,000 |
| Average Applicant Income | $72,385 |
| Highest Applicant Income | $9,999,000 |
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| Home Improvement |
3,970 | $132,915,000 |
$48,083 | $9,000,000 |
$72,416 | $5,200,000 |
| Home Purchase |
7,946 | $1,422,781,000 |
$200,837 | $28,625,000 |
$77,810 | $5,384,000 |
| Refinancing |
6,260 | $713,273,000 |
$645,250 | $15,000,000 |
$84,687 | $9,999,000 |
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| American Indian or Alaskan Native |
60 | $4,606,000 |
$54,285 | $882,000 |
$54,857 | $829,000 |
| Asian |
202 | $19,984,000 |
$81,666 | $845,000 |
$76,555 | $560,000 |
| Black or African American |
1,587 | $71,114,000 |
$63,642 | $557,000 |
$79,571 | $3,840,000 |
| Hispanic |
563 | $32,917,000 |
$55,666 | $434,000 |
$57,500 | $904,000 |
| Native Hawaiin or Other Pacific Islander |
29 | $2,756,000 |
$86,400 | $494,000 |
$122,400 | $507,000 |
| Not applicable |
4,303 | $1,328,176,000 |
$716,000 | $28,625,000 |
$101,368 | $9,999,000 |
| Not Provided |
1,519 | $112,370,000 |
$89,142 | $1,800,000 |
$104,952 | $5,200,000 |
| White |
9,913 | $697,046,000 |
$68,333 | $1,928,000 |
$64,638 | $5,384,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
18,153 | $2,268,124,000 |
$217,842 | $28,625,000 |
$78,921 | $9,999,000 |
| FHA-insured (Federal Housing Administration) |
20 | $717,000 |
$37,000 | $175,000 |
$57,600 | $413,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
3 | $128,000 |
$42,666 | $75,000 |
$73,333 | $106,000 |
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| Application Approved But Not Accepted |
2,452 | $183,520,000 |
$62,322 | $925,000 |
$70,290 | $3,840,000 |
| Application Denied By Financial Institution |
4,624 | $273,378,000 |
$55,718 | $996,000 |
$57,406 | $2,640,000 |
| Application Withdrawn By Applicant |
7 | $361,000 |
$51,000 | $90,000 |
$66,000 | $199,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
7,172 | $1,093,730,000 |
$491,846 | $28,625,000 |
$94,615 | $5,384,000 |
| Loan Purchased By The Institution |
3,921 | $717,980,000 |
$212,277 | $2,625,000 |
$122,111 | $9,999,000 |
| 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 |
423 | $40,037,000 |
$81,769 | $669,000 |
$84,615 | $978,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2,963 | $144,777,000 |
$49,037 | $996,000 |
$54,592 | $2,436,000 |
| Debt-To-Income Ratio |
902 | $69,826,000 |
$76,727 | $765,000 |
$52,909 | $936,000 |
| Employment History |
1 | $46,000 |
$46,000 | $46,000 |
$19,000 | $19,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
313 | $15,815,000 |
$49,055 | $634,000 |
$62,555 | $2,640,000 |
| Unverifiable Information |
22 | $2,877,000 |
$131,428 | $845,000 |
$75,571 | $317,000 |
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Mortgage Loan App Totals for SOUTH TRUST BANK by:
Metropolitan Area And
County
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