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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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FAIRFIELD FINANCIAL SERVICES
Mortgage Loans and Application Details
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| Mortgage Company Name |
FAIRFIELD FINANCIAL SERVICES |
| Address | 3324 VINEVILLE AVENUE
MACON, GA 31204 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,458 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $210,836,000 |
| Average Mortgage Loan Amount Applied For | $178,619 |
| Highest Mortgage Loan Amount Applied For | $2,500,000 |
| Average Applicant Income | $98,583 |
| Highest Applicant Income | $960,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
868 | $113,682,000 |
$130,000 | $1,000,000 |
$70,000 | $840,000 |
| Refinancing |
590 | $97,154,000 |
$164,000 | $2,500,000 |
$86,000 | $960,000 |
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| American Indian or Alaskan Native |
5 | $581,000 |
$116,000 | $170,000 |
$85,000 | $177,000 |
| Asian |
31 | $5,536,000 |
$178,000 | $395,000 |
$84,000 | $200,000 |
| Black or African American |
188 | $22,676,000 |
$120,000 | $518,000 |
$65,000 | $960,000 |
| Hispanic |
36 | $4,693,000 |
$130,000 | $288,000 |
$57,000 | $132,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
2 | $652,000 |
$326,000 | $332,000 |
$0 | $0 |
| Not Provided |
53 | $8,429,000 |
$159,000 | $772,000 |
$99,000 | $736,000 |
| White |
1,143 | $168,269,000 |
$147,000 | $2,500,000 |
$77,000 | $840,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,207 | $175,169,000 |
$145,000 | $2,500,000 |
$80,000 | $960,000 |
| FHA-insured (Federal Housing Administration) |
117 | $13,409,000 |
$114,000 | $203,000 |
$52,000 | $189,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
134 | $22,258,000 |
$166,000 | $382,000 |
$60,000 | $133,000 |
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| Application Approved But Not Accepted |
42 | $6,573,000 |
$156,000 | $656,000 |
$92,000 | $310,000 |
| Application Denied By Financial Institution |
135 | $20,639,000 |
$152,000 | $2,500,000 |
$70,000 | $564,000 |
| Application Withdrawn By Applicant |
181 | $26,009,000 |
$143,000 | $1,186,000 |
$82,000 | $840,000 |
| File Closed For Incompleteness |
58 | $8,741,000 |
$150,000 | $966,000 |
$74,000 | $450,000 |
| Loan Originated |
1,040 | $148,222,000 |
$142,000 | $1,000,000 |
$76,000 | $960,000 |
| Loan Purchased By The Institution |
2 | $652,000 |
$326,000 | $332,000 |
$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 |
30 | $5,125,000 |
$170,000 | $1,163,000 |
$77,000 | $348,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
46 | $5,343,000 |
$116,000 | $561,000 |
$70,000 | $540,000 |
| Debt-To-Income Ratio |
26 | $3,265,000 |
$125,000 | $402,000 |
$48,000 | $138,000 |
| Employment History |
5 | $411,000 |
$82,000 | $120,000 |
$51,000 | $85,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
15 | $1,722,000 |
$114,000 | $276,000 |
$58,000 | $111,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
7 | $3,791,000 |
$541,000 | $2,500,000 |
$151,000 | $564,000 |
| Unverifiable Information |
6 | $982,000 |
$163,000 | $290,000 |
$75,000 | $163,000 |
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Mortgage Loan App Totals for FAIRFIELD FINANCIAL SERVICES by:
Metropolitan Area And
County
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