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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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STATE BANK & TRUST
Mortgage Loans and Application Details
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| Mortgage Company Name |
STATE BANK & TRUST |
| Address | 3100 13TH AVE S
FARGO, ND 58103 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,864 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $219,505,000 |
| Average Mortgage Loan Amount Applied For | $303,068 |
| Highest Mortgage Loan Amount Applied For | $8,500,000 |
| Average Applicant Income | $71,191 |
| Highest Applicant Income | $2,056,000 |
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| Home Improvement |
442 | $13,883,000 |
$31,000 | $332,000 |
$72,000 | $455,000 |
| Home Purchase |
966 | $141,511,000 |
$146,000 | $8,500,000 |
$77,000 | $2,056,000 |
| Refinancing |
539 | $71,811,000 |
$133,000 | $5,000,000 |
$83,000 | $1,741,000 |
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| American Indian or Alaskan Native |
9 | $788,000 |
$87,000 | $329,000 |
$59,000 | $109,000 |
| Asian |
13 | $1,384,000 |
$106,000 | $432,000 |
$89,000 | $296,000 |
| Black or African American |
4 | $325,000 |
$81,000 | $129,000 |
$126,000 | $400,000 |
| Hispanic |
28 | $1,968,000 |
$70,000 | $192,000 |
$128,000 | $2,056,000 |
| Native Hawaiin or Other Pacific Islander |
3 | $564,000 |
$188,000 | $292,000 |
$181,000 | $280,000 |
| Not applicable |
45 | $56,524,000 |
$1,256,000 | $8,500,000 |
$0 | $0 |
| Not Provided |
26 | $3,312,000 |
$127,000 | $520,000 |
$37,000 | $120,000 |
| White |
1,819 | $162,340,000 |
$89,000 | $1,000,000 |
$79,000 | $1,741,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,558 | $187,920,000 |
$120,000 | $8,500,000 |
$84,000 | $1,741,000 |
| FHA-insured (Federal Housing Administration) |
357 | $35,666,000 |
$99,000 | $205,000 |
$53,000 | $2,056,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
32 | $3,619,000 |
$113,000 | $190,000 |
$45,000 | $89,000 |
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| Application Approved But Not Accepted |
34 | $2,571,000 |
$75,000 | $340,000 |
$52,000 | $150,000 |
| Application Denied By Financial Institution |
93 | $7,980,000 |
$85,000 | $450,000 |
$41,000 | $162,000 |
| Application Withdrawn By Applicant |
133 | $18,123,000 |
$136,000 | $1,000,000 |
$67,000 | $913,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
1,595 | $176,781,000 |
$110,000 | $8,500,000 |
$83,000 | $2,056,000 |
| Loan Purchased By The Institution |
7 | $13,949,000 |
$1,992,000 | $2,550,000 |
$0 | $0 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
85 | $7,801,000 |
$91,000 | $269,000 |
$39,000 | $109,000 |
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| Collateral |
3 | $222,000 |
$74,000 | $109,000 |
$38,000 | $67,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
112 | $9,488,000 |
$84,000 | $357,000 |
$39,000 | $123,000 |
| Debt-To-Income Ratio |
49 | $4,727,000 |
$96,000 | $450,000 |
$44,000 | $162,000 |
| Employment History |
3 | $319,000 |
$106,000 | $140,000 |
$30,000 | $39,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $217,000 |
$72,000 | $105,000 |
$36,000 | $60,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
8 | $808,000 |
$101,000 | $324,000 |
$42,000 | $70,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for STATE BANK & TRUST by:
Metropolitan Area And
County
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