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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 ARKANSAS MORTGAGE COMPAN
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST ARKANSAS MORTGAGE COMPAN |
| Address | 112 NORTH BAILEY; P.O. BOX 827
JACKSONVILLE, AR 72076 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 554 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $64,410,000 |
| Average Mortgage Loan Amount Applied For | $98,142 |
| Highest Mortgage Loan Amount Applied For | $1,121,000 |
| Average Applicant Income | $59,964 |
| Highest Applicant Income | $1,500,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
388 | $44,730,000 |
$115,000 | $417,000 |
$61,000 | $1,000,000 |
| Refinancing |
166 | $19,680,000 |
$118,000 | $1,121,000 |
$73,000 | $1,500,000 |
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| American Indian or Alaskan Native |
3 | $243,000 |
$81,000 | $102,000 |
$69,000 | $120,000 |
| Asian |
5 | $463,000 |
$92,000 | $149,000 |
$37,000 | $82,000 |
| Black or African American |
33 | $3,666,000 |
$111,000 | $245,000 |
$54,000 | $113,000 |
| Hispanic |
20 | $2,469,000 |
$123,000 | $206,000 |
$54,000 | $126,000 |
| Native Hawaiin or Other Pacific Islander |
3 | $412,000 |
$137,000 | $211,000 |
$69,000 | $88,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
38 | $4,005,000 |
$105,000 | $228,000 |
$58,000 | $211,000 |
| White |
452 | $53,152,000 |
$117,000 | $1,121,000 |
$66,000 | $1,500,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
195 | $25,329,000 |
$129,000 | $1,121,000 |
$82,000 | $1,000,000 |
| FHA-insured (Federal Housing Administration) |
188 | $18,463,000 |
$98,000 | $203,000 |
$58,000 | $1,500,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
27 | $2,010,000 |
$74,000 | $114,000 |
$30,000 | $50,000 |
| VA-guaranteed (Veterans Administration) |
144 | $18,608,000 |
$129,000 | $282,000 |
$55,000 | $141,000 |
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| Application Approved But Not Accepted |
1 | $100,000 |
$100,000 | $100,000 |
$103,000 | $103,000 |
| Application Denied By Financial Institution |
42 | $4,735,000 |
$112,000 | $350,000 |
$54,000 | $192,000 |
| Application Withdrawn By Applicant |
63 | $7,280,000 |
$115,000 | $360,000 |
$81,000 | $1,500,000 |
| File Closed For Incompleteness |
9 | $680,000 |
$75,000 | $145,000 |
$42,000 | $66,000 |
| Loan Originated |
439 | $51,615,000 |
$117,000 | $1,121,000 |
$63,000 | $1,000,000 |
| 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 |
2 | $108,000 |
$54,000 | $66,000 |
$69,000 | $90,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
19 | $1,845,000 |
$97,000 | $162,000 |
$53,000 | $115,000 |
| Debt-To-Income Ratio |
7 | $968,000 |
$138,000 | $330,000 |
$49,000 | $84,000 |
| Employment History |
1 | $54,000 |
$54,000 | $54,000 |
$48,000 | $48,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $214,000 |
$107,000 | $116,000 |
$31,000 | $32,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
6 | $887,000 |
$147,000 | $350,000 |
$67,000 | $192,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FIRST ARKANSAS MORTGAGE COMPAN by:
Metropolitan Area And
County
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