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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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STERLING BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
STERLING BANK |
| Address | PO BOX 230849
MONTGOMERY, AL 36123 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 182 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $32,240,000 |
| Average Mortgage Loan Amount Applied For | $284,812 |
| Highest Mortgage Loan Amount Applied For | $6,738,000 |
| Average Applicant Income | $350,062 |
| Highest Applicant Income | $1,762,000 |
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| Home Improvement |
37 | $5,169,000 |
$139,000 | $1,275,000 |
$195,000 | $1,005,000 |
| Home Purchase |
106 | $13,399,000 |
$126,000 | $815,000 |
$153,000 | $1,120,000 |
| Refinancing |
39 | $13,672,000 |
$350,000 | $6,738,000 |
$156,000 | $1,762,000 |
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| American Indian or Alaskan Native |
1 | $1,000,000 |
$1,000,000 | $1,000,000 |
$1,000,000 | $1,000,000 |
| Asian |
2 | $198,000 |
$99,000 | $169,000 |
$41,000 | $47,000 |
| Black or African American |
14 | $675,000 |
$48,000 | $104,000 |
$167,000 | $775,000 |
| Hispanic |
2 | $201,000 |
$100,000 | $159,000 |
$103,000 | $141,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
47 | $8,031,000 |
$170,000 | $1,424,000 |
$50,000 | $1,762,000 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
116 | $22,135,000 |
$190,000 | $6,738,000 |
$203,000 | $1,120,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
182 | $32,240,000 |
$177,000 | $6,738,000 |
$162,000 | $1,762,000 |
| 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 |
5 | $887,000 |
$177,000 | $400,000 |
$88,000 | $185,000 |
| Application Withdrawn By Applicant |
6 | $7,813,000 |
$1,302,000 | $6,738,000 |
$180,000 | $326,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
171 | $23,540,000 |
$137,000 | $1,424,000 |
$164,000 | $1,762,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $22,000 |
$11,000 | $14,000 |
$23,000 | $31,000 |
| Debt-To-Income Ratio |
3 | $865,000 |
$288,000 | $400,000 |
$131,000 | $185,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for STERLING BANK by:
Metropolitan Area And
County
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