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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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ACCEPTANCE LOAN COMPANY
Mortgage Loans and Application Details
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| Mortgage Company Name |
ACCEPTANCE LOAN COMPANY |
| Address | PO BOX 159
JACKSON, AL 36545 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 642 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $20,204,000 |
| Average Mortgage Loan Amount Applied For | $31,227 |
| Highest Mortgage Loan Amount Applied For | $135,000 |
| Average Applicant Income | $47,090 |
| Highest Applicant Income | $489,000 |
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| Home Improvement |
106 | $2,845,000 |
$26,000 | $106,000 |
$46,000 | $228,000 |
| Home Purchase |
423 | $14,231,000 |
$33,000 | $135,000 |
$50,000 | $489,000 |
| Refinancing |
116 | $3,273,000 |
$28,000 | $101,000 |
$43,000 | $135,000 |
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| American Indian or Alaskan Native |
20 | $524,000 |
$26,000 | $75,000 |
$53,000 | $233,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
99 | $3,021,000 |
$30,000 | $88,000 |
$51,000 | $191,000 |
| Hispanic |
14 | $403,000 |
$28,000 | $67,000 |
$38,000 | $78,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
18 | $572,000 |
$31,000 | $86,000 |
$32,000 | $71,000 |
| White |
494 | $15,829,000 |
$32,000 | $135,000 |
$48,000 | $489,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
645 | $20,349,000 |
$31,000 | $135,000 |
$48,000 | $489,000 |
| 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 | $278,000 |
$27,000 | $50,000 |
$44,000 | $87,000 |
| Application Denied By Financial Institution |
85 | $2,802,000 |
$32,000 | $90,000 |
$34,000 | $181,000 |
| Application Withdrawn By Applicant |
6 | $160,000 |
$26,000 | $42,000 |
$37,000 | $60,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
544 | $17,109,000 |
$31,000 | $135,000 |
$51,000 | $489,000 |
| 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 |
5 | $141,000 |
$28,000 | $68,000 |
$57,000 | $181,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
56 | $1,833,000 |
$32,000 | $86,000 |
$33,000 | $77,000 |
| Debt-To-Income Ratio |
15 | $558,000 |
$37,000 | $90,000 |
$30,000 | $71,000 |
| Employment History |
3 | $123,000 |
$41,000 | $58,000 |
$24,000 | $33,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $23,000 |
$23,000 | $23,000 |
$42,000 | $42,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
5 | $124,000 |
$24,000 | $36,000 |
$28,000 | $45,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for ACCEPTANCE LOAN COMPANY by:
Metropolitan Area And
County
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