| $3,446,236,491 in Mortgage Loans Applied for in 2008 from 17,391,570 Applications |
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SECURITY REAL ESTATE SERVICES
Mortgage Loans and Application Details
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| Mortgage Company Name |
SECURITY REAL ESTATE SERVICES |
| Address | 101 SHERATON COURT
MACON, GA 31210 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2008 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Loan Applications Processed | 963 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $159,996,000 |
| Average Mortgage Loan Amount Applied For | $184,341 |
| Highest Mortgage Loan Amount Applied For | $2,725,000 |
| Average Applicant Income | $102,113 |
| Highest Applicant Income | $1,440,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
366 | $54,000,000 |
$147,000 | $1,200,000 |
$71,000 | $1,440,000 |
| Refinancing |
597 | $105,996,000 |
$177,000 | $2,725,000 |
$87,000 | $996,000 |
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| American Indian or Alaskan Native |
3 | $216,000 |
$72,000 | $119,000 |
$78,000 | $133,000 |
| Asian |
15 | $3,719,000 |
$247,000 | $525,000 |
$94,000 | $224,000 |
| Black or African American |
111 | $14,836,000 |
$133,000 | $680,000 |
$62,000 | $307,000 |
| Hispanic |
15 | $1,594,000 |
$106,000 | $180,000 |
$52,000 | $146,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $245,000 |
$245,000 | $245,000 |
$72,000 | $72,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
51 | $11,414,000 |
$223,000 | $1,050,000 |
$79,000 | $372,000 |
| White |
767 | $127,972,000 |
$166,000 | $2,725,000 |
$84,000 | $1,440,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
614 | $112,628,000 |
$183,000 | $2,725,000 |
$95,000 | $1,440,000 |
| FHA-insured (Federal Housing Administration) |
293 | $37,974,000 |
$129,000 | $275,000 |
$57,000 | $282,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
56 | $9,394,000 |
$167,000 | $340,000 |
$52,000 | $111,000 |
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| Application Approved But Not Accepted |
20 | $3,523,000 |
$176,000 | $600,000 |
$72,000 | $284,000 |
| Application Denied By Financial Institution |
111 | $17,974,000 |
$161,000 | $750,000 |
$69,000 | $318,000 |
| Application Withdrawn By Applicant |
168 | $35,087,000 |
$208,000 | $2,725,000 |
$96,000 | $1,440,000 |
| File Closed For Incompleteness |
39 | $8,118,000 |
$208,000 | $1,403,000 |
$89,000 | $478,000 |
| Loan Originated |
623 | $95,179,000 |
$152,000 | $1,050,000 |
$79,000 | $838,000 |
| Loan Purchased By The Institution |
2 | $115,000 |
$57,000 | $84,000 |
$25,000 | $31,000 |
| 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 |
7 | $1,098,000 |
$156,000 | $230,000 |
$55,000 | $89,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
52 | $7,740,000 |
$148,000 | $440,000 |
$67,000 | $307,000 |
| Debt-To-Income Ratio |
29 | $4,700,000 |
$162,000 | $648,000 |
$53,000 | $305,000 |
| Employment History |
2 | $183,000 |
$91,000 | $116,000 |
$33,000 | $40,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
6 | $1,077,000 |
$179,000 | $320,000 |
$75,000 | $148,000 |
| Mortgage Insurance Denied |
1 | $72,000 |
$72,000 | $72,000 |
$35,000 | $35,000 |
| Other |
7 | $1,899,000 |
$271,000 | $750,000 |
$167,000 | $318,000 |
| Unverifiable Information |
7 | $1,205,000 |
$172,000 | $342,000 |
$69,000 | $118,000 |
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Mortgage Loan Application Totals for SECURITY REAL ESTATE SERVICES by:
Metropolitan Area And
County
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