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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 TRUST MORTGAGE, LLC
Mortgage Loans and Application Details
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| Mortgage Company Name |
SOUTHERN TRUST MORTGAGE, LLC |
| Address | 150 BOUSH STREET #400
NORFOLK, VA 23510 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 3,926 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $901,659,000 |
| Average Mortgage Loan Amount Applied For | $192,102 |
| Highest Mortgage Loan Amount Applied For | $2,958,000 |
| Average Applicant Income | $105,634 |
| Highest Applicant Income | $1,462,000 |
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| Home Improvement |
8 | $2,255,000 |
$281,000 | $630,000 |
$240,000 | $840,000 |
| Home Purchase |
2,367 | $536,540,000 |
$226,000 | $1,983,000 |
$102,000 | $1,462,000 |
| Refinancing |
1,582 | $371,800,000 |
$235,000 | $2,958,000 |
$109,000 | $1,229,000 |
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| American Indian or Alaskan Native |
12 | $2,940,000 |
$245,000 | $560,000 |
$134,000 | $372,000 |
| Asian |
76 | $17,995,000 |
$236,000 | $800,000 |
$86,000 | $312,000 |
| Black or African American |
867 | $214,513,000 |
$247,000 | $1,080,000 |
$104,000 | $722,000 |
| Hispanic |
111 | $22,638,000 |
$203,000 | $650,000 |
$77,000 | $196,000 |
| Native Hawaiin or Other Pacific Islander |
14 | $3,267,000 |
$233,000 | $425,000 |
$73,000 | $133,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
108 | $28,279,000 |
$261,000 | $2,500,000 |
$93,000 | $935,000 |
| White |
2,769 | $620,963,000 |
$224,000 | $2,958,000 |
$107,000 | $1,462,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
3,316 | $802,391,000 |
$241,000 | $2,958,000 |
$113,000 | $1,462,000 |
| FHA-insured (Federal Housing Administration) |
464 | $69,256,000 |
$149,000 | $366,000 |
$58,000 | $1,082,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
177 | $38,948,000 |
$220,000 | $417,000 |
$65,000 | $173,000 |
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| Application Approved But Not Accepted |
367 | $93,911,000 |
$255,000 | $2,000,000 |
$108,000 | $935,000 |
| Application Denied By Financial Institution |
261 | $58,168,000 |
$222,000 | $2,958,000 |
$101,000 | $770,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
119 | $28,609,000 |
$240,000 | $1,300,000 |
$86,000 | $500,000 |
| Loan Originated |
3,210 | $729,907,000 |
$227,000 | $1,983,000 |
$105,000 | $1,462,000 |
| 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 |
27 | $6,413,000 |
$237,000 | $2,500,000 |
$101,000 | $271,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
43 | $7,106,000 |
$165,000 | $650,000 |
$74,000 | $306,000 |
| Debt-To-Income Ratio |
22 | $3,830,000 |
$174,000 | $680,000 |
$65,000 | $158,000 |
| Employment History |
11 | $1,595,000 |
$145,000 | $400,000 |
$120,000 | $198,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
6 | $1,395,000 |
$232,000 | $688,000 |
$90,000 | $145,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
137 | $34,042,000 |
$248,000 | $2,958,000 |
$116,000 | $770,000 |
| Unverifiable Information |
15 | $3,787,000 |
$252,000 | $950,000 |
$90,000 | $613,000 |
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Mortgage Loan App Totals for SOUTHERN TRUST MORTGAGE, LLC by:
Metropolitan Area And
County
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