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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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FIRST AMERICAN BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST AMERICAN BANK |
| Address | 1927 1ST AVENUE NORTH
BIRMINGHAM, AL 35203 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 3,269 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $549,487,000 |
| Average Mortgage Loan Amount Applied For | $273,722 |
| Highest Mortgage Loan Amount Applied For | $5,440,000 |
| Average Applicant Income | $132,563 |
| Highest Applicant Income | $2,439,000 |
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| Home Improvement |
148 | $4,512,000 |
$30,000 | $365,000 |
$78,000 | $804,000 |
| Home Purchase |
2,055 | $366,886,000 |
$178,000 | $2,400,000 |
$95,000 | $2,439,000 |
| Refinancing |
1,070 | $178,145,000 |
$166,000 | $5,440,000 |
$107,000 | $2,406,000 |
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| American Indian or Alaskan Native |
4 | $512,000 |
$128,000 | $224,000 |
$60,000 | $78,000 |
| Asian |
33 | $6,971,000 |
$211,000 | $696,000 |
$95,000 | $664,000 |
| Black or African American |
260 | $35,829,000 |
$137,000 | $865,000 |
$70,000 | $600,000 |
| Hispanic |
45 | $9,386,000 |
$208,000 | $1,000,000 |
$100,000 | $455,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $146,000 |
$73,000 | $106,000 |
$107,000 | $169,000 |
| Not applicable |
79 | $21,348,000 |
$270,000 | $5,440,000 |
$0 | $0 |
| Not Provided |
23 | $2,792,000 |
$121,000 | $273,000 |
$74,000 | $167,000 |
| White |
2,827 | $472,559,000 |
$167,000 | $2,100,000 |
$104,000 | $2,439,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
3,183 | $536,301,000 |
$168,000 | $5,440,000 |
$99,000 | $2,439,000 |
| FHA-insured (Federal Housing Administration) |
34 | $4,405,000 |
$129,000 | $201,000 |
$52,000 | $104,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
19 | $2,154,000 |
$113,000 | $151,000 |
$41,000 | $105,000 |
| VA-guaranteed (Veterans Administration) |
37 | $6,683,000 |
$180,000 | $413,000 |
$63,000 | $162,000 |
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| Application Approved But Not Accepted |
76 | $15,544,000 |
$204,000 | $940,000 |
$115,000 | $1,592,000 |
| Application Denied By Financial Institution |
79 | $5,921,000 |
$74,000 | $355,000 |
$42,000 | $203,000 |
| Application Withdrawn By Applicant |
299 | $58,658,000 |
$196,000 | $1,500,000 |
$87,000 | $804,000 |
| File Closed For Incompleteness |
43 | $8,390,000 |
$195,000 | $846,000 |
$66,000 | $211,000 |
| Loan Originated |
2,776 | $461,030,000 |
$166,000 | $5,440,000 |
$101,000 | $2,439,000 |
| 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 |
5 | $636,000 |
$127,000 | $300,000 |
$100,000 | $203,000 |
| Credit Application Incomplete |
2 | $234,000 |
$117,000 | $163,000 |
$50,000 | $58,000 |
| Credit History |
46 | $2,145,000 |
$46,000 | $270,000 |
$33,000 | $122,000 |
| Debt-To-Income Ratio |
18 | $1,891,000 |
$105,000 | $355,000 |
$42,000 | $164,000 |
| Employment History |
1 | $14,000 |
$14,000 | $14,000 |
$31,000 | $31,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $174,000 |
$174,000 | $174,000 |
$44,000 | $44,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
6 | $827,000 |
$137,000 | $272,000 |
$60,000 | $141,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FIRST AMERICAN BANK by:
Metropolitan Area And
County
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