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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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BANK OF MADISON
Mortgage Loans and Application Details
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| Mortgage Company Name |
BANK OF MADISON |
| Address | P O BOX 271
MADISON, GA 30650 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 181 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $15,817,000 |
| Average Mortgage Loan Amount Applied For | $116,312 |
| Highest Mortgage Loan Amount Applied For | $695,000 |
| Average Applicant Income | $154,750 |
| Highest Applicant Income | $2,000,000 |
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| Home Improvement |
31 | $1,234,000 |
$39,000 | $347,000 |
$60,000 | $194,000 |
| Home Purchase |
40 | $5,116,000 |
$127,000 | $695,000 |
$135,000 | $997,000 |
| Refinancing |
110 | $9,467,000 |
$86,000 | $337,000 |
$110,000 | $2,000,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
18 | $820,000 |
$45,000 | $164,000 |
$37,000 | $90,000 |
| Hispanic |
1 | $4,000 |
$4,000 | $4,000 |
$81,000 | $81,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
11 | $1,332,000 |
$121,000 | $425,000 |
$280,000 | $997,000 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
151 | $13,661,000 |
$90,000 | $695,000 |
$103,000 | $2,000,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
181 | $15,817,000 |
$87,000 | $695,000 |
$107,000 | $2,000,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
10 | $725,000 |
$72,000 | $458,000 |
$59,000 | $180,000 |
| Application Withdrawn By Applicant |
2 | $825,000 |
$412,000 | $695,000 |
$145,000 | $250,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
169 | $14,267,000 |
$84,000 | $425,000 |
$109,000 | $2,000,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
7 | $540,000 |
$77,000 | $458,000 |
$57,000 | $180,000 |
| Debt-To-Income Ratio |
3 | $185,000 |
$61,000 | $175,000 |
$65,000 | $81,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for BANK OF MADISON by:
Metropolitan Area And
County
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