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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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AMERICAN MORTGAGE
Mortgage Loans and Application Details
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| Mortgage Company Name |
AMERICAN MORTGAGE |
| Address | 301 S COLLEGE ST
CHARLOTTE, NC 28202 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 97,633 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $21,282,194,000 |
| Average Mortgage Loan Amount Applied For | $145,570 |
| Highest Mortgage Loan Amount Applied For | $5,600,000 |
| Average Applicant Income | $79,115 |
| Highest Applicant Income | $9,766,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
47,399 | $9,368,696,000 |
$197,000 | $4,453,000 |
$103,000 | $9,766,000 |
| Refinancing |
50,234 | $11,913,498,000 |
$237,000 | $5,600,000 |
$98,000 | $8,942,000 |
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| American Indian or Alaskan Native |
316 | $74,031,000 |
$234,000 | $1,600,000 |
$102,000 | $1,020,000 |
| Asian |
5,399 | $1,484,182,000 |
$274,000 | $2,940,000 |
$117,000 | $1,428,000 |
| Black or African American |
6,491 | $1,245,578,000 |
$191,000 | $2,572,000 |
$86,000 | $1,656,000 |
| Hispanic |
16,460 | $3,761,008,000 |
$228,000 | $5,000,000 |
$93,000 | $3,360,000 |
| Native Hawaiin or Other Pacific Islander |
583 | $156,221,000 |
$267,000 | $1,400,000 |
$121,000 | $2,592,000 |
| Not applicable |
2 | $419,000 |
$209,000 | $244,000 |
$0 | $0 |
| Not Provided |
5,347 | $1,240,198,000 |
$231,000 | $3,000,000 |
$99,000 | $2,160,000 |
| White |
63,035 | $13,320,557,000 |
$211,000 | $5,600,000 |
$103,000 | $9,766,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
95,023 | $20,839,001,000 |
$219,000 | $5,600,000 |
$102,000 | $9,766,000 |
| FHA-insured (Federal Housing Administration) |
1,540 | $233,362,000 |
$151,000 | $473,000 |
$53,000 | $463,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
4 | $607,000 |
$151,000 | $195,000 |
$30,000 | $58,000 |
| VA-guaranteed (Veterans Administration) |
1,066 | $209,224,000 |
$196,000 | $417,000 |
$57,000 | $224,000 |
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| Application Approved But Not Accepted |
12,924 | $3,037,502,000 |
$235,000 | $4,500,000 |
$106,000 | $8,942,000 |
| Application Denied By Financial Institution |
13,803 | $3,028,990,000 |
$219,000 | $5,000,000 |
$107,000 | $3,360,000 |
| Application Withdrawn By Applicant |
4,729 | $1,092,023,000 |
$230,000 | $5,600,000 |
$107,000 | $2,650,000 |
| File Closed For Incompleteness |
2,922 | $670,204,000 |
$229,000 | $2,940,000 |
$104,000 | $1,428,000 |
| Loan Originated |
63,253 | $13,453,056,000 |
$212,000 | $3,000,000 |
$98,000 | $9,766,000 |
| Loan Purchased By The Institution |
2 | $419,000 |
$209,000 | $244,000 |
$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 |
1,831 | $416,384,000 |
$227,000 | $5,000,000 |
$118,000 | $3,360,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
3,738 | $763,690,000 |
$204,000 | $1,625,000 |
$88,000 | $1,992,000 |
| Debt-To-Income Ratio |
1,966 | $394,501,000 |
$200,000 | $2,450,000 |
$91,000 | $1,572,000 |
| Employment History |
466 | $94,382,000 |
$202,000 | $1,260,000 |
$109,000 | $1,344,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
221 | $50,457,000 |
$228,000 | $2,500,000 |
$105,000 | $1,038,000 |
| Mortgage Insurance Denied |
1 | $203,000 |
$203,000 | $203,000 |
$68,000 | $68,000 |
| Other |
3,964 | $925,849,000 |
$233,000 | $2,520,000 |
$123,000 | $3,360,000 |
| Unverifiable Information |
1,616 | $383,524,000 |
$237,000 | $4,453,000 |
$119,000 | $1,920,000 |
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Mortgage Loan App Totals for AMERICAN MORTGAGE by:
Metropolitan Area And
County
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