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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 STATE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
SOUTHERN STATE BANK |
| Address | 521 EAST PAGE AVENUE
MALVERN, AR 72104 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 126 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $7,944,000 |
| Average Mortgage Loan Amount Applied For | $146,333 |
| Highest Mortgage Loan Amount Applied For | $548,000 |
| Average Applicant Income | $42,166 |
| Highest Applicant Income | $1,000,000 |
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| Home Improvement |
28 | $338,000 |
$12,000 | $74,000 |
$35,000 | $76,000 |
| Home Purchase |
53 | $3,621,000 |
$68,000 | $548,000 |
$62,000 | $1,000,000 |
| Refinancing |
45 | $3,985,000 |
$88,000 | $270,000 |
$65,000 | $263,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
8 | $198,000 |
$24,000 | $76,000 |
$32,000 | $76,000 |
| Hispanic |
2 | $304,000 |
$152,000 | $270,000 |
$162,000 | $263,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
7 | $716,000 |
$102,000 | $230,000 |
$13,000 | $95,000 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
109 | $6,726,000 |
$61,000 | $548,000 |
$60,000 | $1,000,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
126 | $7,944,000 |
$63,000 | $548,000 |
$57,000 | $1,000,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
27 | $1,433,000 |
$53,000 | $548,000 |
$29,000 | $76,000 |
| Application Withdrawn By Applicant |
8 | $476,000 |
$59,000 | $130,000 |
$55,000 | $112,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
91 | $6,035,000 |
$66,000 | $270,000 |
$66,000 | $1,000,000 |
| 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 |
2 | $10,000 |
$5,000 | $5,000 |
$16,000 | $20,000 |
| Credit Application Incomplete |
1 | $38,000 |
$38,000 | $38,000 |
$41,000 | $41,000 |
| Credit History |
18 | $688,000 |
$38,000 | $199,000 |
$34,000 | $76,000 |
| Debt-To-Income Ratio |
2 | $578,000 |
$289,000 | $548,000 |
$2,000 | $5,000 |
| Employment History |
1 | $7,000 |
$7,000 | $7,000 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $35,000 |
$35,000 | $35,000 |
$42,000 | $42,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $77,000 |
$38,000 | $71,000 |
$28,000 | $44,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for SOUTHERN STATE BANK by:
Metropolitan Area And
County
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