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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 JACKSON
Mortgage Loans and Application Details
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| Mortgage Company Name |
THE BANK OF JACKSON |
| Address | 558 CARRIAGE HOUSE DRIVE
JACKSON, TN 38305 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 171 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $22,520,000 |
| Average Mortgage Loan Amount Applied For | $144,000 |
| Highest Mortgage Loan Amount Applied For | $650,000 |
| Average Applicant Income | $149,600 |
| Highest Applicant Income | $815,000 |
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| Home Improvement |
10 | $286,000 |
$28,000 | $60,000 |
$117,000 | $815,000 |
| Home Purchase |
123 | $16,672,000 |
$135,000 | $600,000 |
$120,000 | $622,000 |
| Refinancing |
38 | $5,562,000 |
$146,000 | $650,000 |
$127,000 | $647,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $306,000 |
$153,000 | $243,000 |
$304,000 | $348,000 |
| Black or African American |
9 | $1,503,000 |
$167,000 | $513,000 |
$72,000 | $160,000 |
| Hispanic |
1 | $68,000 |
$68,000 | $68,000 |
$20,000 | $20,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
9 | $798,000 |
$88,000 | $168,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
150 | $19,845,000 |
$132,000 | $650,000 |
$130,000 | $815,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
167 | $22,071,000 |
$132,000 | $650,000 |
$123,000 | $815,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
3 | $313,000 |
$104,000 | $121,000 |
$33,000 | $35,000 |
| VA-guaranteed (Veterans Administration) |
1 | $136,000 |
$136,000 | $136,000 |
$73,000 | $73,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
2 | $110,000 |
$55,000 | $70,000 |
$49,000 | $80,000 |
| Application Withdrawn By Applicant |
2 | $198,000 |
$99,000 | $101,000 |
$151,000 | $267,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
167 | $22,212,000 |
$133,000 | $650,000 |
$122,000 | $815,000 |
| 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 | $110,000 |
$55,000 | $70,000 |
$49,000 | $80,000 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 JACKSON by:
Metropolitan Area And
County
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