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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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WEST ALABAMA BANK & TRUST
Mortgage Loans and Application Details
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| Mortgage Company Name |
WEST ALABAMA BANK & TRUST |
| Address | P.O. BOX 310
REFORM, AL 35481 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 534 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $28,982,000 |
| Average Mortgage Loan Amount Applied For | $102,807 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $92,000 |
| Highest Applicant Income | $905,000 |
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| Home Improvement |
126 | $2,070,000 |
$16,000 | $87,000 |
$47,000 | $180,000 |
| Home Purchase |
195 | $14,014,000 |
$71,000 | $1,000,000 |
$53,000 | $450,000 |
| Refinancing |
213 | $12,898,000 |
$60,000 | $609,000 |
$67,000 | $905,000 |
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| American Indian or Alaskan Native |
1 | $40,000 |
$40,000 | $40,000 |
$55,000 | $55,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
134 | $3,818,000 |
$28,000 | $160,000 |
$42,000 | $156,000 |
| Hispanic |
2 | $46,000 |
$23,000 | $27,000 |
$27,000 | $38,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $15,000 |
$15,000 | $15,000 |
$12,000 | $12,000 |
| Not applicable |
26 | $2,027,000 |
$77,000 | $163,000 |
$0 | $0 |
| Not Provided |
5 | $245,000 |
$49,000 | $85,000 |
$54,000 | $138,000 |
| White |
365 | $22,791,000 |
$62,000 | $1,000,000 |
$67,000 | $905,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
528 | $28,427,000 |
$53,000 | $1,000,000 |
$57,000 | $905,000 |
| FHA-insured (Federal Housing Administration) |
5 | $470,000 |
$94,000 | $158,000 |
$38,000 | $53,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
1 | $85,000 |
$85,000 | $85,000 |
$26,000 | $26,000 |
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| Application Approved But Not Accepted |
1 | $150,000 |
$150,000 | $150,000 |
$67,000 | $67,000 |
| Application Denied By Financial Institution |
74 | $3,931,000 |
$53,000 | $200,000 |
$37,000 | $158,000 |
| Application Withdrawn By Applicant |
20 | $1,670,000 |
$83,000 | $195,000 |
$50,000 | $90,000 |
| File Closed For Incompleteness |
3 | $296,000 |
$98,000 | $132,000 |
$30,000 | $37,000 |
| Loan Originated |
436 | $22,935,000 |
$52,000 | $1,000,000 |
$61,000 | $905,000 |
| 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 WEST ALABAMA BANK & TRUST by:
Metropolitan Area And
County
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