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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 COMMERCIAL BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
THE COMMERCIAL BANK |
| Address | P O BOX 1029
OZARK, AL 36301 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 129 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $5,258,000 |
| Average Mortgage Loan Amount Applied For | $78,000 |
| Highest Mortgage Loan Amount Applied For | $409,000 |
| Average Applicant Income | $52,000 |
| Highest Applicant Income | $240,000 |
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| Home Improvement (one-to-four family) |
27 | $490,000 |
$15,000 | $138,000 |
$35,000 | $130,000 |
| Home Purchase (one-to-four family) |
65 | $3,500,000 |
$65,000 | $500,000 |
$44,500 | $497,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
57 | $2,281,000 |
$33,500 | $166,000 |
$26,500 | $153,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian or Pacific Islander |
1 | $6,000 |
$6,000 | $6,000 |
$18,000 | $18,000 |
| Black |
15 | $311,000 |
$15,500 | $51,000 |
$21,500 | $73,000 |
| Hispanic |
1 | $46,000 |
$46,000 | $46,000 |
$58,000 | $58,000 |
| Information not provided by applicant in mail or telephone application |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
132 | $5,908,000 |
$51,500 | $500,000 |
$44,000 | $497,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
149 | $6,271,000 |
$45,000 | $500,000 |
$36,500 | $497,000 |
| 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 |
31 | $901,000 |
$23,500 | $125,000 |
$23,000 | $72,000 |
| Application Withdrawn By Applicant |
2 | $62,000 |
$31,000 | $47,000 |
$22,000 | $23,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
116 | $5,308,000 |
$54,000 | $500,000 |
$52,000 | $497,000 |
| Loan Purchased By The 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 |
25 | $661,000 |
$21,500 | $125,000 |
$17,500 | $66,000 |
| Debt-To-Income Ratio |
5 | $197,000 |
$32,000 | $92,000 |
$38,500 | $72,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $43,000 |
$43,000 | $43,000 |
$41,000 | $41,000 |
| 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 COMMERCIAL BANK by:
Metropolitan Area And
County
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