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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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WORLD SAVINGS BANK, FSB
Mortgage Loans and Application Details
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| Mortgage Company Name |
WORLD SAVINGS BANK, FSB |
| Address | 301 S COLLEGE ST
CHARLOTTE, NC 28202 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 290,019 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $87,775,738,000 |
| Average Mortgage Loan Amount Applied For | $204,003 |
| Highest Mortgage Loan Amount Applied For | $32,500,000 |
| Average Applicant Income | $105,976 |
| Highest Applicant Income | $8,400,000 |
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| Home Improvement |
24,617 | $8,142,460,000 |
$330,000 | $4,400,000 |
$105,000 | $1,980,000 |
| Home Purchase |
56,006 | $14,712,185,000 |
$262,000 | $5,500,000 |
$98,000 | $6,000,000 |
| Refinancing |
211,572 | $65,484,764,000 |
$309,000 | $32,500,000 |
$104,000 | $8,400,000 |
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| American Indian or Alaskan Native |
819 | $268,069,000 |
$327,000 | $2,100,000 |
$126,000 | $1,800,000 |
| Asian |
16,716 | $6,097,362,000 |
$364,000 | $2,720,000 |
$141,000 | $5,004,000 |
| Black or African American |
24,746 | $7,162,226,000 |
$289,000 | $4,400,000 |
$110,000 | $4,074,000 |
| Hispanic |
72,791 | $21,740,523,000 |
$298,000 | $27,865,000 |
$106,000 | $5,465,000 |
| Native Hawaiin or Other Pacific Islander |
2,756 | $1,019,110,000 |
$369,000 | $1,600,000 |
$135,000 | $1,800,000 |
| Not applicable |
43,693 | $10,326,560,000 |
$236,000 | $32,500,000 |
$0 | $0 |
| Not Provided |
32,783 | $10,677,303,000 |
$325,000 | $3,686,000 |
$120,000 | $6,000,000 |
| White |
97,891 | $31,048,256,000 |
$317,000 | $30,995,000 |
$131,000 | $8,400,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
292,195 | $88,339,409,000 |
$302,000 | $32,500,000 |
$103,000 | $8,400,000 |
| 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 |
10,367 | $3,216,609,000 |
$310,000 | $32,500,000 |
$116,000 | $3,000,000 |
| Application Denied By Financial Institution |
47,428 | $16,168,359,000 |
$340,000 | $30,995,000 |
$126,000 | $6,000,000 |
| Application Withdrawn By Applicant |
31,354 | $9,785,457,000 |
$312,000 | $3,750,000 |
$124,000 | $5,465,000 |
| File Closed For Incompleteness |
21,010 | $6,928,938,000 |
$329,000 | $3,255,000 |
$125,000 | $6,663,000 |
| Loan Originated |
141,504 | $43,522,561,000 |
$307,000 | $5,500,000 |
$114,000 | $8,400,000 |
| Loan Purchased By The Institution |
38,356 | $8,153,814,000 |
$212,000 | $5,814,000 |
$0 | $0 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
2,176 | $563,671,000 |
$259,000 | $2,100,000 |
$95,000 | $2,000,000 |
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| Collateral |
22,656 | $7,607,827,000 |
$335,000 | $30,995,000 |
$131,000 | $6,000,000 |
| Credit Application Incomplete |
855 | $283,099,000 |
$331,000 | $9,000,000 |
$137,000 | $5,292,000 |
| Credit History |
12,576 | $4,172,376,000 |
$331,000 | $2,640,000 |
$113,000 | $4,984,000 |
| Debt-To-Income Ratio |
3,879 | $1,331,732,000 |
$343,000 | $2,433,000 |
$90,000 | $2,000,000 |
| Employment History |
305 | $89,264,000 |
$292,000 | $920,000 |
$106,000 | $356,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
554 | $224,626,000 |
$405,000 | $2,800,000 |
$135,000 | $686,000 |
| Mortgage Insurance Denied |
43 | $13,500,000 |
$313,000 | $680,000 |
$122,000 | $292,000 |
| Other |
6,528 | $2,329,901,000 |
$356,000 | $5,440,000 |
$142,000 | $3,000,000 |
| Unverifiable Information |
2,208 | $679,705,000 |
$307,000 | $2,100,000 |
$122,000 | $671,000 |
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Mortgage Loan App Totals for WORLD SAVINGS BANK, FSB by:
Metropolitan Area And
County
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