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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 OF CURRITUCK
Mortgage Loans and Application Details
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| Mortgage Company Name |
THE BANK OF CURRITUCK |
| Address | 250 CARATOKE HWY PO BOX 6
MOYOCK, NC 27958 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 154 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $15,035,000 |
| Average Mortgage Loan Amount Applied For | $159,222 |
| Highest Mortgage Loan Amount Applied For | $900,000 |
| Average Applicant Income | $69,333 |
| Highest Applicant Income | $689,000 |
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| Home Improvement |
63 | $1,833,000 |
$29,000 | $305,000 |
$52,000 | $428,000 |
| Home Purchase |
51 | $8,023,000 |
$157,000 | $900,000 |
$95,000 | $689,000 |
| Refinancing |
40 | $5,179,000 |
$129,000 | $436,000 |
$54,000 | $118,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $481,000 |
$240,000 | $436,000 |
$63,000 | $90,000 |
| Black or African American |
12 | $589,000 |
$49,000 | $185,000 |
$42,000 | $82,000 |
| Hispanic |
5 | $330,000 |
$66,000 | $188,000 |
$62,000 | $174,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
4 | $854,000 |
$213,000 | $354,000 |
$0 | $0 |
| Not Provided |
7 | $956,000 |
$136,000 | $220,000 |
$109,000 | $428,000 |
| White |
124 | $11,825,000 |
$95,000 | $900,000 |
$69,000 | $689,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
154 | $15,035,000 |
$97,000 | $900,000 |
$67,000 | $689,000 |
| 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 |
23 | $2,225,000 |
$96,000 | $435,000 |
$43,000 | $143,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
131 | $12,810,000 |
$97,000 | $900,000 |
$71,000 | $689,000 |
| 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 |
1 | $20,000 |
$20,000 | $20,000 |
$8,000 | $8,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
14 | $852,000 |
$60,000 | $160,000 |
$36,000 | $67,000 |
| Debt-To-Income Ratio |
6 | $911,000 |
$151,000 | $300,000 |
$54,000 | $101,000 |
| 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 THE BANK OF CURRITUCK by:
Metropolitan Area And
County
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