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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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SOUTHTRUST MORT DBA EQUIBANC
Mortgage Loans and Application Details
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| Mortgage Company Name |
SOUTHTRUST MORT DBA EQUIBANC |
| Address | 301 S COLLEGE ST
CHARLOTTE, NC 28202 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 5,158 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $810,561,000 |
| Average Mortgage Loan Amount Applied For | $142,198 |
| Highest Mortgage Loan Amount Applied For | $970,000 |
| Average Applicant Income | $74,123 |
| Highest Applicant Income | $2,490,000 |
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| Home Improvement |
2 | $510,000 |
$255,000 | $360,000 |
$65,000 | $96,000 |
| Home Purchase |
3,190 | $466,689,000 |
$146,000 | $970,000 |
$84,000 | $2,490,000 |
| Refinancing |
1,966 | $343,362,000 |
$174,000 | $705,000 |
$80,000 | $980,000 |
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| American Indian or Alaskan Native |
10 | $2,068,000 |
$206,000 | $404,000 |
$224,000 | $986,000 |
| Asian |
105 | $19,987,000 |
$190,000 | $744,000 |
$95,000 | $240,000 |
| Black or African American |
1,962 | $302,251,000 |
$154,000 | $750,000 |
$78,000 | $2,490,000 |
| Hispanic |
682 | $117,314,000 |
$172,000 | $970,000 |
$85,000 | $1,757,000 |
| Native Hawaiin or Other Pacific Islander |
9 | $2,153,000 |
$239,000 | $440,000 |
$140,000 | $323,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
232 | $39,367,000 |
$169,000 | $671,000 |
$82,000 | $720,000 |
| White |
2,158 | $327,421,000 |
$151,000 | $724,000 |
$85,000 | $1,541,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
5,158 | $810,561,000 |
$157,000 | $970,000 |
$83,000 | $2,490,000 |
| 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 |
702 | $105,855,000 |
$150,000 | $750,000 |
$85,000 | $2,490,000 |
| Application Denied By Financial Institution |
1,813 | $301,241,000 |
$166,000 | $970,000 |
$89,000 | $1,345,000 |
| Application Withdrawn By Applicant |
134 | $18,142,000 |
$135,000 | $485,000 |
$77,000 | $675,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
2,509 | $385,323,000 |
$153,000 | $712,000 |
$78,000 | $1,757,000 |
| 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 |
240 | $39,287,000 |
$163,000 | $656,000 |
$100,000 | $900,000 |
| Credit Application Incomplete |
191 | $32,192,000 |
$168,000 | $716,000 |
$81,000 | $540,000 |
| Credit History |
398 | $60,420,000 |
$151,000 | $650,000 |
$75,000 | $828,000 |
| Debt-To-Income Ratio |
229 | $41,181,000 |
$179,000 | $970,000 |
$72,000 | $492,000 |
| Employment History |
97 | $16,515,000 |
$170,000 | $615,000 |
$85,000 | $420,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
11 | $1,888,000 |
$171,000 | $514,000 |
$81,000 | $241,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
516 | $86,748,000 |
$168,000 | $744,000 |
$106,000 | $1,345,000 |
| Unverifiable Information |
131 | $23,010,000 |
$175,000 | $671,000 |
$90,000 | $366,000 |
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Mortgage Loan App Totals for SOUTHTRUST MORT DBA EQUIBANC by:
Metropolitan Area And
County
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