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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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SOUTHBANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
SOUTHBANK |
| Address | 118 JEFFERSON STREET
HUNTSVILLE, AL 35801 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 828 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $107,197,000 |
| Average Mortgage Loan Amount Applied For | $146,338 |
| Highest Mortgage Loan Amount Applied For | $960,000 |
| Average Applicant Income | $82,030 |
| Highest Applicant Income | $750,000 |
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| Home Improvement |
11 | $225,000 |
$20,000 | $36,000 |
$51,000 | $138,000 |
| Home Purchase |
602 | $77,183,000 |
$128,000 | $960,000 |
$74,000 | $750,000 |
| Refinancing |
215 | $29,789,000 |
$138,000 | $900,000 |
$87,000 | $359,000 |
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| American Indian or Alaskan Native |
2 | $292,000 |
$146,000 | $150,000 |
$71,000 | $143,000 |
| Asian |
17 | $2,671,000 |
$157,000 | $345,000 |
$93,000 | $187,000 |
| Black or African American |
122 | $12,714,000 |
$104,000 | $260,000 |
$64,000 | $215,000 |
| Hispanic |
11 | $1,369,000 |
$124,000 | $210,000 |
$44,000 | $62,000 |
| Native Hawaiin or Other Pacific Islander |
6 | $797,000 |
$132,000 | $164,000 |
$82,000 | $119,000 |
| Not applicable |
1 | $56,000 |
$56,000 | $56,000 |
$60,000 | $60,000 |
| Not Provided |
9 | $1,330,000 |
$147,000 | $352,000 |
$64,000 | $116,000 |
| White |
660 | $87,968,000 |
$133,000 | $960,000 |
$80,000 | $750,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
676 | $82,400,000 |
$121,000 | $960,000 |
$79,000 | $750,000 |
| FHA-insured (Federal Housing Administration) |
73 | $9,453,000 |
$129,000 | $203,000 |
$58,000 | $187,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
2 | $194,000 |
$97,000 | $102,000 |
$31,000 | $34,000 |
| VA-guaranteed (Veterans Administration) |
77 | $15,150,000 |
$196,000 | $417,000 |
$75,000 | $206,000 |
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| Application Approved But Not Accepted |
9 | $1,110,000 |
$123,000 | $417,000 |
$68,000 | $146,000 |
| Application Denied By Financial Institution |
7 | $556,000 |
$79,000 | $352,000 |
$41,000 | $84,000 |
| Application Withdrawn By Applicant |
59 | $8,627,000 |
$146,000 | $680,000 |
$86,000 | $187,000 |
| File Closed For Incompleteness |
2 | $449,000 |
$224,000 | $400,000 |
$110,000 | $150,000 |
| Loan Originated |
751 | $96,455,000 |
$128,000 | $960,000 |
$77,000 | $750,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $40,000 |
$20,000 | $35,000 |
$24,000 | $31,000 |
| Debt-To-Income Ratio |
1 | $1,000 |
$1,000 | $1,000 |
$5,000 | $5,000 |
| 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 |
3 | $468,000 |
$156,000 | $352,000 |
$62,000 | $84,000 |
| Unverifiable Information |
1 | $47,000 |
$47,000 | $47,000 |
$49,000 | $49,000 |
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Mortgage Loan App Totals for SOUTHBANK by:
Metropolitan Area And
County
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