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| $5,279,183,286,000 in Mortgage Loans Applied for in 2007 from 26,605,695 Applications |
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FIRST METRO MORTGAGE COMPANY
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST METRO MORTGAGE COMPANY |
| Address | P.O. Box 1077
Stockbridge, GA 30281 |
| Agency | Federal Reserve System (FRS) |
| Year | 2003 |
| Data Years (click a year for detail) | 2003 |
| Total Number of Mortgage Loan Applications Processed | 532 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $77,001,000 |
| Average Mortgage Loan Amount Applied For | $160,800 |
| Highest Mortgage Loan Amount Applied For | $602,000 |
| Average Applicant Income | $97,366 |
| Highest Applicant Income | $362,000 |
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| Home Improvement (one-to-four family) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase (one-to-four family) |
213 | $35,098,000 |
$164,000 | $600,000 |
$80,000 | $362,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
319 | $41,903,000 |
$131,000 | $602,000 |
$79,000 | $342,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian or Pacific Islander |
3 | $500,000 |
$166,000 | $208,000 |
$118,000 | $162,000 |
| Black |
33 | $6,455,000 |
$195,000 | $574,000 |
$71,000 | $347,000 |
| Hispanic |
5 | $724,000 |
$144,000 | $203,000 |
$67,000 | $113,000 |
| Information not provided by applicant in mail or telephone application |
5 | $739,000 |
$147,000 | $200,000 |
$42,000 | $108,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $148,000 |
$148,000 | $148,000 |
$212,000 | $212,000 |
| White |
485 | $68,435,000 |
$141,000 | $602,000 |
$80,000 | $362,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
481 | $70,289,000 |
$146,000 | $602,000 |
$85,000 | $362,000 |
| FHA-insured (Federal Housing Administration) |
42 | $5,281,000 |
$125,000 | $178,000 |
$55,000 | $136,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
9 | $1,431,000 |
$159,000 | $235,000 |
$73,000 | $113,000 |
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| Application Approved But Not Accepted |
4 | $856,000 |
$214,000 | $488,000 |
$39,000 | $63,000 |
| Application Denied By Financial Institution |
10 | $1,412,000 |
$141,000 | $303,000 |
$73,000 | $206,000 |
| Application Withdrawn By Applicant |
59 | $8,546,000 |
$144,000 | $574,000 |
$79,000 | $347,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
459 | $66,187,000 |
$144,000 | $602,000 |
$82,000 | $362,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
1 | $60,000 |
$60,000 | $60,000 |
$47,000 | $47,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
4 | $685,000 |
$171,000 | $303,000 |
$111,000 | $206,000 |
| Debt-To-Income Ratio |
4 | $537,000 |
$134,000 | $214,000 |
$67,000 | $108,000 |
| 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 |
1 | $130,000 |
$130,000 | $130,000 |
$0 | $0 |
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Mortgage Loan App Totals for FIRST METRO MORTGAGE COMPANY by:
Metropolitan Area And
County
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