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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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SOUTHERN COMMERCE BANK, NA
Mortgage Loans and Application Details
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| Mortgage Company Name |
SOUTHERN COMMERCE BANK, NA |
| Address | 5650 BRECKENRIDGE PARK DRIVE, SUITE 110
TAMPA, FL 33610 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 244 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $40,563,000 |
| Average Mortgage Loan Amount Applied For | $157,842 |
| Highest Mortgage Loan Amount Applied For | $1,260,000 |
| Average Applicant Income | $93,942 |
| Highest Applicant Income | $1,600,000 |
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| Home Improvement |
2 | $284,000 |
$142,000 | $156,000 |
$44,000 | $48,000 |
| Home Purchase |
137 | $21,570,000 |
$157,000 | $736,000 |
$101,000 | $1,600,000 |
| Refinancing |
105 | $18,709,000 |
$178,000 | $1,260,000 |
$75,000 | $418,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
3 | $403,000 |
$134,000 | $252,000 |
$105,000 | $144,000 |
| Black or African American |
24 | $3,292,000 |
$137,000 | $296,000 |
$56,000 | $94,000 |
| Hispanic |
84 | $12,950,000 |
$154,000 | $377,000 |
$65,000 | $197,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
15 | $1,961,000 |
$130,000 | $280,000 |
$61,000 | $109,000 |
| White |
118 | $21,957,000 |
$186,000 | $1,260,000 |
$117,000 | $1,600,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
244 | $40,563,000 |
$166,000 | $1,260,000 |
$90,000 | $1,600,000 |
| 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 |
69 | $11,101,000 |
$160,000 | $736,000 |
$96,000 | $1,600,000 |
| Application Denied By Financial Institution |
22 | $4,722,000 |
$214,000 | $1,260,000 |
$84,000 | $418,000 |
| Application Withdrawn By Applicant |
17 | $3,012,000 |
$177,000 | $660,000 |
$80,000 | $294,000 |
| File Closed For Incompleteness |
6 | $1,139,000 |
$189,000 | $377,000 |
$77,000 | $120,000 |
| Loan Originated |
130 | $20,589,000 |
$158,000 | $694,000 |
$89,000 | $729,000 |
| 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 |
1 | $238,000 |
$238,000 | $238,000 |
$165,000 | $165,000 |
| Credit Application Incomplete |
2 | $330,000 |
$165,000 | $167,000 |
$53,000 | $57,000 |
| Credit History |
7 | $1,045,000 |
$149,000 | $239,000 |
$68,000 | $96,000 |
| Debt-To-Income Ratio |
5 | $2,289,000 |
$457,000 | $1,260,000 |
$123,000 | $418,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $366,000 |
$122,000 | $202,000 |
$32,000 | $52,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
4 | $454,000 |
$113,000 | $206,000 |
$97,000 | $264,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for SOUTHERN COMMERCE BANK, NA by:
Metropolitan Area And
County
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