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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 EXCHANGE BANK OF ALABAMA
Mortgage Loans and Application Details
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| Mortgage Company Name |
THE EXCHANGE BANK OF ALABAMA |
| Address | 230 N. 3RD STREET
GADSDEN, AL 35901 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 149 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $11,496,000 |
| Average Mortgage Loan Amount Applied For | $126,916 |
| Highest Mortgage Loan Amount Applied For | $700,000 |
| Average Applicant Income | $73,333 |
| Highest Applicant Income | $5,147,000 |
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| Home Improvement |
34 | $327,000 |
$9,000 | $49,000 |
$44,000 | $214,000 |
| Home Purchase |
51 | $5,258,000 |
$103,000 | $681,000 |
$163,000 | $5,147,000 |
| Refinancing |
64 | $5,911,000 |
$92,000 | $700,000 |
$84,000 | $804,000 |
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| American Indian or Alaskan Native |
1 | $94,000 |
$94,000 | $94,000 |
$222,000 | $222,000 |
| Asian |
1 | $88,000 |
$88,000 | $88,000 |
$72,000 | $72,000 |
| Black or African American |
9 | $140,000 |
$15,000 | $48,000 |
$37,000 | $58,000 |
| Hispanic |
1 | $21,000 |
$21,000 | $21,000 |
$30,000 | $30,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
13 | $2,693,000 |
$207,000 | $700,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
124 | $8,460,000 |
$68,000 | $470,000 |
$117,000 | $5,147,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
149 | $11,496,000 |
$77,000 | $700,000 |
$102,000 | $5,147,000 |
| 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 |
2 | $84,000 |
$42,000 | $54,000 |
$47,000 | $62,000 |
| Application Denied By Financial Institution |
21 | $603,000 |
$28,000 | $96,000 |
$37,000 | $138,000 |
| Application Withdrawn By Applicant |
7 | $265,000 |
$37,000 | $88,000 |
$66,000 | $141,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
119 | $10,544,000 |
$88,000 | $700,000 |
$116,000 | $5,147,000 |
| 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 |
2 | $100,000 |
$50,000 | $96,000 |
$89,000 | $138,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
13 | $262,000 |
$20,000 | $72,000 |
$33,000 | $66,000 |
| Debt-To-Income Ratio |
4 | $141,000 |
$35,000 | $84,000 |
$30,000 | $47,000 |
| 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 EXCHANGE BANK OF ALABAMA by:
Metropolitan Area And
County
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