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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 | Post Office Box 2203
Decatur, AL 35609 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 2,442 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $293,398,000 |
| Average Mortgage Loan Amount Applied For | $133,763 |
| Highest Mortgage Loan Amount Applied For | $1,412,000 |
| Average Applicant Income | $90,890 |
| Highest Applicant Income | $2,786,000 |
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| Home Improvement (one-to-four family) |
151 | $5,030,000 |
$22,333 | $245,000 |
$48,000 | $300,000 |
| Home Purchase (one-to-four family) |
859 | $107,290,000 |
$205,500 | $900,000 |
$88,250 | $1,500,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
6 | $1,976,000 |
$229,500 | $1,412,000 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
1,426 | $179,102,000 |
$105,571 | $722,000 |
$110,571 | $2,786,000 |
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| American Indian or Alaskan Native |
2 | $164,000 |
$82,000 | $108,000 |
$60,000 | $63,000 |
| Asian or Pacific Islander |
11 | $1,773,000 |
$161,000 | $291,000 |
$68,000 | $111,000 |
| Black |
146 | $16,518,000 |
$102,333 | $630,000 |
$48,666 | $389,000 |
| Hispanic |
7 | $1,049,000 |
$141,500 | $291,000 |
$50,500 | $146,000 |
| Information not provided by applicant in mail or telephone application |
7 | $313,000 |
$44,000 | $154,000 |
$272,000 | $1,500,000 |
| Not applicable |
25 | $3,387,000 |
$290,500 | $1,412,000 |
$0 | $0 |
| Other |
2 | $249,000 |
$124,000 | $179,000 |
$86,000 | $105,000 |
| White |
2,242 | $269,945,000 |
$115,000 | $900,000 |
$111,571 | $2,786,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,416 | $290,552,000 |
$116,142 | $1,412,000 |
$109,285 | $2,786,000 |
| FHA-insured (Federal Housing Administration) |
16 | $1,550,000 |
$96,000 | $151,000 |
$42,000 | $90,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
10 | $1,296,000 |
$129,000 | $219,000 |
$63,000 | $121,000 |
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| Application Approved But Not Accepted |
5 | $736,000 |
$147,000 | $246,000 |
$69,000 | $104,000 |
| Application Denied By Financial Institution |
115 | $7,062,000 |
$44,000 | $370,000 |
$36,000 | $150,000 |
| Application Withdrawn By Applicant |
255 | $33,333,000 |
$117,200 | $650,000 |
$86,000 | $500,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
2,067 | $252,267,000 |
$116,666 | $1,412,000 |
$111,500 | $2,786,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
15 | $944,000 |
$62,500 | $370,000 |
$66,000 | $105,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
72 | $3,092,000 |
$23,333 | $201,000 |
$26,000 | $119,000 |
| Debt-To-Income Ratio |
17 | $1,908,000 |
$112,000 | $280,000 |
$48,000 | $150,000 |
| Employment History |
2 | $365,000 |
$182,000 | $260,000 |
$61,000 | $84,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
4 | $349,000 |
$87,000 | $280,000 |
$34,000 | $57,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
4 | $401,000 |
$110,000 | $150,000 |
$29,000 | $51,000 |
| Unverifiable Information |
1 | $3,000 |
$3,000 | $3,000 |
$12,000 | $12,000 |
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Mortgage Loan App Totals for FIRST AMERICAN BANK by:
Metropolitan Area And
County
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