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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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TRADERS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
TRADERS BANK |
| Address | P.O. BOX 1009
SPENCER, WV 25276 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 87 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $4,865,000 |
| Average Mortgage Loan Amount Applied For | $69,800 |
| Highest Mortgage Loan Amount Applied For | $175,000 |
| Average Applicant Income | $45,800 |
| Highest Applicant Income | $188,000 |
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| Home Improvement |
23 | $241,000 |
$10,000 | $92,000 |
$38,000 | $188,000 |
| Home Purchase |
41 | $3,098,000 |
$75,000 | $175,000 |
$39,000 | $140,000 |
| Refinancing |
23 | $1,526,000 |
$66,000 | $160,000 |
$51,000 | $119,000 |
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| American Indian or Alaskan Native |
1 | $84,000 |
$84,000 | $84,000 |
$19,000 | $19,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
1 | $52,000 |
$52,000 | $52,000 |
$46,000 | $46,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $115,000 |
$115,000 | $115,000 |
$16,000 | $16,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1 | $175,000 |
$175,000 | $175,000 |
$137,000 | $137,000 |
| White |
83 | $4,439,000 |
$53,000 | $175,000 |
$41,000 | $188,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
87 | $4,865,000 |
$55,000 | $175,000 |
$42,000 | $188,000 |
| 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 |
1 | $145,000 |
$145,000 | $145,000 |
$60,000 | $60,000 |
| Application Denied By Financial Institution |
23 | $948,000 |
$41,000 | $150,000 |
$26,000 | $61,000 |
| Application Withdrawn By Applicant |
5 | $287,000 |
$57,000 | $117,000 |
$25,000 | $58,000 |
| File Closed For Incompleteness |
1 | $175,000 |
$175,000 | $175,000 |
$137,000 | $137,000 |
| Loan Originated |
57 | $3,310,000 |
$58,000 | $175,000 |
$48,000 | $188,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 TRADERS BANK by:
Metropolitan Area And
County
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