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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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STERLINGSOUTH BANK & TRUST
Mortgage Loans and Application Details
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| Mortgage Company Name |
STERLINGSOUTH BANK & TRUST |
| Address | 3202 NORTHLINE AVE
GREENSBORO, NC 27408 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2005 |
| All Data Years | 2003 2004 2005 |
| Total Number of Mortgage Loan Applications Processed | 36 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $5,609,000 |
| Average Mortgage Loan Amount Applied For | $272,500 |
| Highest Mortgage Loan Amount Applied For | $1,200,000 |
| Average Applicant Income | $234,000 |
| Highest Applicant Income | $1,300,000 |
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| Home Improvement |
1 | $30,000 |
$30,000 | $30,000 |
$123,000 | $123,000 |
| Home Purchase |
24 | $3,281,000 |
$301,666 | $650,000 |
$92,333 | $379,000 |
| Refinancing |
15 | $2,893,000 |
$192,000 | $1,200,000 |
$192,000 | $1,300,000 |
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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 |
1 | $165,000 |
$165,000 | $165,000 |
$58,000 | $58,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
6 | $1,663,000 |
$426,000 | $650,000 |
$13,500 | $83,000 |
| Not Provided |
1 | $200,000 |
$200,000 | $200,000 |
$372,000 | $372,000 |
| White |
32 | $4,176,000 |
$123,000 | $1,200,000 |
$132,500 | $1,300,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
40 | $6,204,000 |
$313,000 | $1,200,000 |
$102,666 | $1,300,000 |
| 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 | $535,000 |
$123,000 | $150,000 |
$78,000 | $120,000 |
| Application Withdrawn By Applicant |
7 | $963,000 |
$138,500 | $228,000 |
$163,500 | $372,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
28 | $4,706,000 |
$400,000 | $1,200,000 |
$98,000 | $1,300,000 |
| 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 |
3 | $307,000 |
$102,000 | $135,000 |
$39,000 | $60,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
1 | $78,000 |
$78,000 | $78,000 |
$28,000 | $28,000 |
| Employment History |
1 | $150,000 |
$150,000 | $150,000 |
$120,000 | $120,000 |
| 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 STERLINGSOUTH BANK & TRUST by:
Metropolitan Area And
County
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