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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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CRESCENT MORTGAGE COMPANY
Mortgage Loans and Application Details
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| Mortgage Company Name |
CRESCENT MORTGAGE COMPANY |
| Address | 115 PERIMETER CENTER PLACE SUITE 285
ATLANTA, GA 30346 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 7,856 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $1,291,650,000 |
| Average Mortgage Loan Amount Applied For | $158,536 |
| Highest Mortgage Loan Amount Applied For | $2,000,000 |
| Average Applicant Income | $75,269 |
| Highest Applicant Income | $6,110,000 |
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| Home Improvement |
31 | $5,661,000 |
$182,000 | $415,000 |
$67,000 | $173,000 |
| Home Purchase |
4,177 | $638,030,000 |
$152,000 | $1,000,000 |
$76,000 | $1,501,000 |
| Refinancing |
3,648 | $647,959,000 |
$177,000 | $2,000,000 |
$79,000 | $6,110,000 |
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| American Indian or Alaskan Native |
6 | $869,000 |
$144,000 | $231,000 |
$51,000 | $88,000 |
| Asian |
163 | $36,204,000 |
$222,000 | $568,000 |
$85,000 | $516,000 |
| Black or African American |
455 | $73,397,000 |
$161,000 | $1,000,000 |
$59,000 | $430,000 |
| Hispanic |
264 | $41,631,000 |
$157,000 | $572,000 |
$66,000 | $2,024,000 |
| Native Hawaiin or Other Pacific Islander |
11 | $1,976,000 |
$179,000 | $397,000 |
$87,000 | $400,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
334 | $62,516,000 |
$187,000 | $1,000,000 |
$79,000 | $950,000 |
| White |
6,623 | $1,075,057,000 |
$162,000 | $2,000,000 |
$79,000 | $6,110,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
7,250 | $1,200,677,000 |
$165,000 | $2,000,000 |
$79,000 | $6,110,000 |
| FHA-insured (Federal Housing Administration) |
289 | $40,236,000 |
$139,000 | $468,000 |
$55,000 | $192,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
2 | $282,000 |
$141,000 | $179,000 |
$58,000 | $60,000 |
| VA-guaranteed (Veterans Administration) |
315 | $50,455,000 |
$160,000 | $400,000 |
$59,000 | $366,000 |
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| Application Approved But Not Accepted |
1,294 | $222,863,000 |
$172,000 | $1,000,000 |
$75,000 | $1,501,000 |
| Application Denied By Financial Institution |
788 | $136,391,000 |
$173,000 | $2,000,000 |
$70,000 | $900,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
4,702 | $764,735,000 |
$162,000 | $750,000 |
$79,000 | $6,110,000 |
| Loan Purchased By The Institution |
1,072 | $167,661,000 |
$156,000 | $1,000,000 |
$76,000 | $950,000 |
| 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 |
152 | $25,595,000 |
$168,000 | $1,000,000 |
$76,000 | $679,000 |
| Credit Application Incomplete |
3 | $618,000 |
$206,000 | $400,000 |
$45,000 | $56,000 |
| Credit History |
249 | $42,822,000 |
$171,000 | $2,000,000 |
$62,000 | $900,000 |
| Debt-To-Income Ratio |
50 | $9,599,000 |
$191,000 | $1,100,000 |
$86,000 | $480,000 |
| Employment History |
38 | $6,279,000 |
$165,000 | $467,000 |
$69,000 | $508,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
100 | $18,795,000 |
$187,000 | $960,000 |
$75,000 | $477,000 |
| Mortgage Insurance Denied |
1 | $74,000 |
$74,000 | $74,000 |
$65,000 | $65,000 |
| Other |
194 | $32,403,000 |
$167,000 | $935,000 |
$70,000 | $720,000 |
| Unverifiable Information |
1 | $206,000 |
$206,000 | $206,000 |
$42,000 | $42,000 |
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Mortgage Loan App Totals for CRESCENT MORTGAGE COMPANY by:
Metropolitan Area And
County
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