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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 MORTGAGE
Mortgage Loans and Application Details
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| Mortgage Company Name |
SOUTH TRUST MORTGAGE |
| 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 | 34,700 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $5,461,541,000 |
| Average Mortgage Loan Amount Applied For | $141,433 |
| Highest Mortgage Loan Amount Applied For | $3,666,000 |
| Average Applicant Income | $83,950 |
| Highest Applicant Income | $9,999,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
22,688 | $3,483,094,000 |
$177,814 | $3,032,000 |
$93,925 | $4,903,000 |
| Refinancing |
12,012 | $1,978,447,000 |
$181,857 | $3,666,000 |
$120,642 | $9,999,000 |
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| American Indian or Alaskan Native |
79 | $11,086,000 |
$135,454 | $407,000 |
$60,454 | $239,000 |
| Asian |
680 | $117,335,000 |
$170,214 | $1,100,000 |
$80,428 | $738,000 |
| Black or African American |
4,108 | $509,613,000 |
$128,944 | $1,040,000 |
$77,166 | $9,999,000 |
| Hispanic |
2,501 | $329,008,000 |
$146,437 | $1,650,000 |
$82,812 | $900,000 |
| Native Hawaiin or Other Pacific Islander |
120 | $18,869,000 |
$151,333 | $920,000 |
$87,555 | $629,000 |
| Not applicable |
35 | $5,564,000 |
$151,666 | $479,000 |
$45,833 | $180,000 |
| Not Provided |
3,014 | $495,187,000 |
$172,095 | $3,666,000 |
$159,476 | $3,334,000 |
| White |
24,163 | $3,974,879,000 |
$188,310 | $3,032,000 |
$101,620 | $5,136,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
31,738 | $5,109,862,000 |
$189,193 | $3,666,000 |
$115,483 | $9,999,000 |
| FHA-insured (Federal Housing Administration) |
2,097 | $226,125,000 |
$116,900 | $295,000 |
$51,700 | $374,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
36 | $3,166,000 |
$88,800 | $160,000 |
$45,000 | $78,000 |
| VA-guaranteed (Veterans Administration) |
829 | $122,388,000 |
$151,700 | $304,000 |
$55,700 | $178,000 |
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| Application Approved But Not Accepted |
1,226 | $178,161,000 |
$136,933 | $1,365,000 |
$65,266 | $3,334,000 |
| Application Denied By Financial Institution |
2,058 | $269,305,000 |
$136,111 | $1,500,000 |
$69,277 | $2,232,000 |
| Application Withdrawn By Applicant |
4,403 | $703,738,000 |
$168,869 | $1,920,000 |
$88,434 | $2,940,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
27,013 | $4,310,337,000 |
$187,741 | $3,666,000 |
$115,935 | $9,999,000 |
| 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 |
498 | $64,106,000 |
$119,333 | $778,000 |
$89,600 | $1,260,000 |
| Credit Application Incomplete |
227 | $34,301,000 |
$174,750 | $1,468,000 |
$109,750 | $1,860,000 |
| Credit History |
395 | $47,340,000 |
$144,812 | $1,000,000 |
$59,375 | $360,000 |
| Debt-To-Income Ratio |
356 | $52,186,000 |
$136,000 | $1,500,000 |
$56,714 | $2,232,000 |
| Employment History |
150 | $17,794,000 |
$109,545 | $500,000 |
$49,181 | $300,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
7 | $1,041,000 |
$170,000 | $278,000 |
$82,666 | $150,000 |
| Mortgage Insurance Denied |
2 | $241,000 |
$120,500 | $124,000 |
$12,500 | $25,000 |
| Other |
283 | $34,974,000 |
$114,928 | $700,000 |
$82,571 | $1,380,000 |
| Unverifiable Information |
140 | $17,322,000 |
$121,153 | $404,000 |
$83,846 | $528,000 |
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Mortgage Loan App Totals for SOUTH TRUST MORTGAGE by:
Metropolitan Area And
County
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