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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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WAKE FOREST FEDERAL
Mortgage Loans and Application Details
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| Mortgage Company Name |
WAKE FOREST FEDERAL |
| Address | 302 SOUTH BROOKS STREET
WAKE FOREST, NC 27587 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 47 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $6,937,000 |
| Average Mortgage Loan Amount Applied For | $189,833 |
| Highest Mortgage Loan Amount Applied For | $500,000 |
| Average Applicant Income | $71,833 |
| Highest Applicant Income | $228,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
30 | $4,718,000 |
$157,000 | $400,000 |
$82,000 | $228,000 |
| Refinancing |
17 | $2,219,000 |
$130,000 | $500,000 |
$73,000 | $170,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $72,000 |
$72,000 | $72,000 |
$64,000 | $64,000 |
| Black or African American |
3 | $423,000 |
$141,000 | $225,000 |
$63,000 | $98,000 |
| Hispanic |
3 | $604,000 |
$201,000 | $400,000 |
$104,000 | $151,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
40 | $5,838,000 |
$145,000 | $500,000 |
$79,000 | $228,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
47 | $6,937,000 |
$147,000 | $500,000 |
$79,000 | $228,000 |
| 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 |
6 | $1,069,000 |
$178,000 | $400,000 |
$82,000 | $135,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
1 | $225,000 |
$225,000 | $225,000 |
$98,000 | $98,000 |
| Loan Originated |
40 | $5,643,000 |
$141,000 | $500,000 |
$78,000 | $228,000 |
| 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 |
4 | $549,000 |
$137,000 | $400,000 |
$77,000 | $135,000 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $520,000 |
$260,000 | $260,000 |
$94,000 | $94,000 |
| 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 WAKE FOREST FEDERAL by:
Metropolitan Area And
County
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