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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 PALMETTO BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
THE PALMETTO BANK |
| Address | 301 HILLCREST DRIVE
LAURENS, SC 29360 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,218 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $138,442,000 |
| Average Mortgage Loan Amount Applied For | $175,700 |
| Highest Mortgage Loan Amount Applied For | $6,049,000 |
| Average Applicant Income | $142,975 |
| Highest Applicant Income | $2,678,000 |
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| Home Improvement |
146 | $4,835,000 |
$33,000 | $680,000 |
$63,000 | $500,000 |
| Home Purchase |
547 | $82,772,000 |
$151,000 | $6,049,000 |
$84,000 | $900,000 |
| Refinancing |
525 | $50,835,000 |
$96,000 | $999,000 |
$80,000 | $2,678,000 |
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| American Indian or Alaskan Native |
3 | $121,000 |
$40,000 | $46,000 |
$64,000 | $75,000 |
| Asian |
6 | $376,000 |
$62,000 | $108,000 |
$58,000 | $88,000 |
| Black or African American |
108 | $10,054,000 |
$93,000 | $417,000 |
$59,000 | $179,000 |
| Hispanic |
14 | $872,000 |
$62,000 | $125,000 |
$45,000 | $106,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $4,000 |
$4,000 | $4,000 |
$20,000 | $20,000 |
| Not applicable |
86 | $20,581,000 |
$239,000 | $6,049,000 |
$1,000 | $118,000 |
| Not Provided |
25 | $1,863,000 |
$74,000 | $740,000 |
$47,000 | $264,000 |
| White |
975 | $104,571,000 |
$107,000 | $999,000 |
$90,000 | $2,678,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,218 | $138,442,000 |
$113,000 | $6,049,000 |
$80,000 | $2,678,000 |
| 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 |
5 | $690,000 |
$138,000 | $307,000 |
$60,000 | $120,000 |
| Application Denied By Financial Institution |
111 | $9,282,000 |
$83,000 | $740,000 |
$44,000 | $295,000 |
| Application Withdrawn By Applicant |
75 | $10,594,000 |
$141,000 | $417,000 |
$70,000 | $311,000 |
| File Closed For Incompleteness |
7 | $898,000 |
$128,000 | $230,000 |
$67,000 | $102,000 |
| Loan Originated |
1,020 | $116,978,000 |
$114,000 | $6,049,000 |
$84,000 | $2,678,000 |
| 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 |
8 | $1,180,000 |
$147,000 | $450,000 |
$80,000 | $295,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
80 | $5,654,000 |
$70,000 | $740,000 |
$42,000 | $264,000 |
| Debt-To-Income Ratio |
20 | $2,152,000 |
$107,000 | $549,000 |
$36,000 | $115,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $73,000 |
$73,000 | $73,000 |
$24,000 | $24,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $133,000 |
$133,000 | $133,000 |
$106,000 | $106,000 |
| Unverifiable Information |
1 | $90,000 |
$90,000 | $90,000 |
$0 | $0 |
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Mortgage Loan App Totals for THE PALMETTO BANK by:
Metropolitan Area And
County
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