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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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UNION BANK & TRUST COMPANY
Mortgage Loans and Application Details
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| Mortgage Company Name |
UNION BANK & TRUST COMPANY |
| Address | P O BOX 446
BOWLING GREEN, VA 22427 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 284 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $21,726,000 |
| Average Mortgage Loan Amount Applied For | $119,588 |
| Highest Mortgage Loan Amount Applied For | $3,230,000 |
| Average Applicant Income | $43,235 |
| Highest Applicant Income | $367,000 |
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| Home Improvement |
182 | $4,498,000 |
$24,000 | $300,000 |
$56,000 | $250,000 |
| Home Purchase |
27 | $6,241,000 |
$231,000 | $900,000 |
$47,000 | $336,000 |
| Refinancing |
75 | $10,987,000 |
$146,000 | $3,230,000 |
$54,000 | $367,000 |
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| American Indian or Alaskan Native |
1 | $55,000 |
$55,000 | $55,000 |
$63,000 | $63,000 |
| Asian |
3 | $289,000 |
$96,000 | $204,000 |
$111,000 | $171,000 |
| Black or African American |
60 | $2,007,000 |
$33,000 | $215,000 |
$44,000 | $153,000 |
| Hispanic |
2 | $269,000 |
$134,000 | $254,000 |
$46,000 | $64,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
31 | $9,145,000 |
$295,000 | $3,230,000 |
$0 | $0 |
| Not Provided |
2 | $8,000 |
$4,000 | $4,000 |
$86,000 | $102,000 |
| White |
185 | $9,953,000 |
$53,000 | $975,000 |
$66,000 | $367,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
284 | $21,726,000 |
$76,000 | $3,230,000 |
$55,000 | $367,000 |
| 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 | $11,000 |
$11,000 | $11,000 |
$107,000 | $107,000 |
| Application Denied By Financial Institution |
42 | $1,247,000 |
$29,000 | $254,000 |
$52,000 | $121,000 |
| Application Withdrawn By Applicant |
10 | $530,000 |
$53,000 | $196,000 |
$51,000 | $89,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
222 | $19,249,000 |
$86,000 | $3,230,000 |
$57,000 | $367,000 |
| Loan Purchased By The Institution |
9 | $689,000 |
$76,000 | $137,000 |
$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 |
23 | $435,000 |
$18,000 | $81,000 |
$47,000 | $103,000 |
| Debt-To-Income Ratio |
15 | $544,000 |
$36,000 | $254,000 |
$48,000 | $104,000 |
| Employment History |
1 | $150,000 |
$150,000 | $150,000 |
$105,000 | $105,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $94,000 |
$94,000 | $94,000 |
$121,000 | $121,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $24,000 |
$12,000 | $20,000 |
$90,000 | $102,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for UNION BANK & TRUST COMPANY by:
Metropolitan Area And
County
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