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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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THE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
THE BANK |
| Address | 17 NORTH 20TH STREET
BIRMINGHAM, AL 35203 |
| Agency | Federal Reserve System (FRS) |
| Year | 2004 |
| All Data Years | 2003 2004 |
| Total Number of Mortgage Loan Applications Processed | 1,377 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $155,590,000 |
| Average Mortgage Loan Amount Applied For | $137,062 |
| Highest Mortgage Loan Amount Applied For | $1,988,000 |
| Average Applicant Income | $83,562 |
| Highest Applicant Income | $1,476,000 |
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| Home Improvement |
94 | $1,439,000 |
$56,666 | $213,000 |
$26,000 | $264,000 |
| Home Purchase |
763 | $90,147,000 |
$203,166 | $1,988,000 |
$138,500 | $1,476,000 |
| Refinancing |
520 | $64,004,000 |
$132,000 | $1,260,000 |
$90,500 | $1,380,000 |
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| American Indian or Alaskan Native |
6 | $570,000 |
$95,000 | $180,000 |
$59,000 | $99,000 |
| Asian |
15 | $2,713,000 |
$180,000 | $800,000 |
$68,000 | $175,000 |
| Black or African American |
69 | $5,034,000 |
$58,000 | $359,000 |
$45,500 | $258,000 |
| Hispanic |
29 | $1,889,000 |
$56,000 | $190,000 |
$78,000 | $275,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
15 | $1,141,000 |
$106,500 | $256,000 |
$0 | $0 |
| Not Provided |
1 | $85,000 |
$85,000 | $85,000 |
$52,000 | $52,000 |
| White |
1,242 | $144,158,000 |
$195,500 | $1,988,000 |
$138,333 | $1,476,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,282 | $147,714,000 |
$189,666 | $1,988,000 |
$125,333 | $1,476,000 |
| FHA-insured (Federal Housing Administration) |
27 | $2,432,000 |
$90,000 | $159,000 |
$41,000 | $79,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
63 | $4,767,000 |
$77,000 | $146,000 |
$34,000 | $68,000 |
| VA-guaranteed (Veterans Administration) |
5 | $677,000 |
$131,000 | $190,000 |
$53,000 | $172,000 |
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| Application Approved But Not Accepted |
4 | $415,000 |
$103,000 | $140,000 |
$82,000 | $95,000 |
| Application Denied By Financial Institution |
94 | $5,529,000 |
$47,000 | $256,000 |
$41,000 | $228,000 |
| Application Withdrawn By Applicant |
68 | $8,137,000 |
$140,666 | $800,000 |
$48,666 | $199,000 |
| File Closed For Incompleteness |
5 | $512,000 |
$102,000 | $230,000 |
$52,000 | $128,000 |
| Loan Originated |
1,206 | $140,997,000 |
$190,666 | $1,988,000 |
$128,333 | $1,476,000 |
| 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 | $2,710,000 |
$100,000 | $188,000 |
$109,000 | $228,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
42 | $1,341,000 |
$25,000 | $190,000 |
$30,500 | $93,000 |
| Debt-To-Income Ratio |
19 | $1,244,000 |
$86,000 | $256,000 |
$51,000 | $228,000 |
| Employment History |
1 | $114,000 |
$114,000 | $114,000 |
$61,000 | $61,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
4 | $118,000 |
$20,000 | $113,000 |
$33,500 | $62,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for THE BANK by:
Metropolitan Area And
County
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