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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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AME FINANCIAL
Mortgage Loans and Application Details
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| Mortgage Company Name |
AME FINANCIAL |
| Address | 4036 WETHERBURN WAY
NORCROSS, GA 30092 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2005 |
| All Data Years | 2004 2005 |
| Total Number of Mortgage Loan Applications Processed | 3,225 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $602,395,000 |
| Average Mortgage Loan Amount Applied For | $185,906 |
| Highest Mortgage Loan Amount Applied For | $1,800,000 |
| Average Applicant Income | $92,839 |
| Highest Applicant Income | $600,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
1,909 | $340,832,000 |
$184,666 | $1,000,000 |
$95,125 | $600,000 |
| Refinancing |
1,316 | $261,563,000 |
$202,391 | $1,800,000 |
$82,913 | $582,000 |
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| American Indian or Alaskan Native |
6 | $569,000 |
$134,500 | $194,000 |
$68,500 | $96,000 |
| Asian |
137 | $27,494,000 |
$240,933 | $752,000 |
$101,933 | $384,000 |
| Black or African American |
382 | $57,842,000 |
$141,583 | $1,000,000 |
$71,500 | $341,000 |
| Hispanic |
95 | $14,865,000 |
$147,600 | $442,000 |
$67,400 | $252,000 |
| Native Hawaiin or Other Pacific Islander |
21 | $4,012,000 |
$230,250 | $428,000 |
$81,750 | $361,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
203 | $40,544,000 |
$196,952 | $656,000 |
$71,000 | $450,000 |
| White |
2,381 | $457,069,000 |
$195,958 | $1,800,000 |
$101,166 | $600,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
3,211 | $600,490,000 |
$189,920 | $1,800,000 |
$91,840 | $600,000 |
| FHA-insured (Federal Housing Administration) |
13 | $1,697,000 |
$117,000 | $198,000 |
$40,333 | $84,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
1 | $208,000 |
$208,000 | $208,000 |
$46,000 | $46,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
278 | $51,448,000 |
$200,190 | $732,000 |
$99,761 | $486,000 |
| Application Withdrawn By Applicant |
584 | $107,034,000 |
$188,869 | $1,000,000 |
$81,217 | $600,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
567 | $102,903,000 |
$197,450 | $552,000 |
$95,950 | $360,000 |
| Loan Purchased By The Institution |
1,796 | $341,010,000 |
$189,588 | $1,800,000 |
$92,764 | $600,000 |
| 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 |
41 | $6,943,000 |
$197,000 | $426,000 |
$117,666 | $344,000 |
| Credit Application Incomplete |
1 | $248,000 |
$248,000 | $248,000 |
$164,000 | $164,000 |
| Credit History |
72 | $13,811,000 |
$231,357 | $732,000 |
$104,500 | $288,000 |
| Debt-To-Income Ratio |
32 | $4,974,000 |
$210,625 | $500,000 |
$82,750 | $182,000 |
| Employment History |
5 | $689,000 |
$137,000 | $212,000 |
$96,000 | $276,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
24 | $4,428,000 |
$188,000 | $338,000 |
$111,000 | $486,000 |
| Mortgage Insurance Denied |
76 | $15,085,000 |
$185,875 | $650,000 |
$93,437 | $474,000 |
| Other |
20 | $4,250,000 |
$202,250 | $566,000 |
$74,000 | $344,000 |
| Unverifiable Information |
6 | $786,000 |
$125,250 | $200,000 |
$186,250 | $471,000 |
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Mortgage Loan App Totals for AME FINANCIAL by:
Metropolitan Area And
County
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