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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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ALTA FINANCIAL CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
ALTA FINANCIAL CORPORATION |
| Address | 2727 PACES FERRY RD, BLDG 1 - SUITE 1800
ATLANTA, GA 30339 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 9 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $922,000 |
| Average Mortgage Loan Amount Applied For | $97,142 |
| Highest Mortgage Loan Amount Applied For | $224,000 |
| Average Applicant Income | $64,285 |
| Highest Applicant Income | $162,000 |
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| Home Improvement |
1 | $77,000 |
$77,000 | $77,000 |
$35,000 | $35,000 |
| Home Purchase |
679 | $89,671,000 |
$132,000 | $904,000 |
$72,000 | $1,512,000 |
| Refinancing |
265 | $38,698,000 |
$146,000 | $721,000 |
$70,000 | $1,200,000 |
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| American Indian or Alaskan Native |
9 | $935,000 |
$103,000 | $200,000 |
$51,000 | $115,000 |
| Asian |
24 | $3,323,000 |
$138,000 | $432,000 |
$73,000 | $229,000 |
| Black or African American |
172 | $20,273,000 |
$117,000 | $467,000 |
$62,000 | $1,200,000 |
| Hispanic |
141 | $19,878,000 |
$140,000 | $904,000 |
$73,000 | $998,000 |
| Native Hawaiin or Other Pacific Islander |
3 | $455,000 |
$151,000 | $189,000 |
$92,000 | $143,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
11 | $1,884,000 |
$171,000 | $368,000 |
$64,000 | $144,000 |
| White |
585 | $81,698,000 |
$139,000 | $721,000 |
$74,000 | $1,512,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
836 | $114,958,000 |
$137,000 | $904,000 |
$75,000 | $1,512,000 |
| FHA-insured (Federal Housing Administration) |
72 | $8,004,000 |
$111,000 | $210,000 |
$37,000 | $89,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
37 | $5,484,000 |
$148,000 | $231,000 |
$52,000 | $85,000 |
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| Application Approved But Not Accepted |
472 | $70,309,000 |
$148,000 | $721,000 |
$81,000 | $1,512,000 |
| Application Denied By Financial Institution |
280 | $32,801,000 |
$117,000 | $904,000 |
$56,000 | $360,000 |
| Application Withdrawn By Applicant |
7 | $902,000 |
$128,000 | $238,000 |
$62,000 | $125,000 |
| File Closed For Incompleteness |
17 | $1,953,000 |
$114,000 | $240,000 |
$68,000 | $360,000 |
| Loan Originated |
169 | $22,481,000 |
$133,000 | $320,000 |
$71,000 | $929,000 |
| 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 |
36 | $3,920,000 |
$108,000 | $370,000 |
$71,000 | $229,000 |
| Credit Application Incomplete |
6 | $840,000 |
$140,000 | $250,000 |
$97,000 | $336,000 |
| Credit History |
104 | $12,756,000 |
$122,000 | $904,000 |
$53,000 | $360,000 |
| Debt-To-Income Ratio |
22 | $2,505,000 |
$113,000 | $203,000 |
$43,000 | $104,000 |
| Employment History |
24 | $3,026,000 |
$126,000 | $392,000 |
$55,000 | $128,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
27 | $3,014,000 |
$111,000 | $235,000 |
$45,000 | $85,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
37 | $3,811,000 |
$103,000 | $230,000 |
$58,000 | $204,000 |
| Unverifiable Information |
16 | $1,845,000 |
$115,000 | $219,000 |
$48,000 | $125,000 |
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Mortgage Loan App Totals for ALTA FINANCIAL CORPORATION by:
Metropolitan Area And
County
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