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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 GREENSBORO HOME EQUITY
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST GREENSBORO HOME EQUITY |
| Address | 1801 STANLEY RD, STE 400
GREENSBORO, NC 27407 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 7,229 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $934,386,000 |
| Average Mortgage Loan Amount Applied For | $124,832 |
| Highest Mortgage Loan Amount Applied For | $924,000 |
| Average Applicant Income | $51,876 |
| Highest Applicant Income | $708,000 |
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| Home Improvement |
2,474 | $349,063,000 |
$141,000 | $924,000 |
$60,000 | $708,000 |
| Home Purchase |
2,441 | $307,348,000 |
$125,000 | $780,000 |
$56,000 | $540,000 |
| Refinancing |
2,314 | $277,975,000 |
$120,000 | $750,000 |
$41,000 | $708,000 |
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| American Indian or Alaskan Native |
7 | $1,029,000 |
$147,000 | $310,000 |
$36,000 | $89,000 |
| Asian |
38 | $7,425,000 |
$195,000 | $650,000 |
$69,000 | $323,000 |
| Black or African American |
679 | $91,130,000 |
$134,000 | $780,000 |
$46,000 | $360,000 |
| Hispanic |
253 | $34,508,000 |
$136,000 | $528,000 |
$55,000 | $336,000 |
| Native Hawaiin or Other Pacific Islander |
4 | $809,000 |
$202,000 | $500,000 |
$24,000 | $40,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
3,976 | $509,237,000 |
$128,000 | $924,000 |
$51,000 | $708,000 |
| White |
2,272 | $290,248,000 |
$127,000 | $663,000 |
$56,000 | $708,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
7,229 | $934,386,000 |
$129,000 | $924,000 |
$52,000 | $708,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
492 | $59,181,000 |
$120,000 | $553,000 |
$55,000 | $240,000 |
| Application Denied By Financial Institution |
2,135 | $254,713,000 |
$119,000 | $780,000 |
$37,000 | $324,000 |
| Application Withdrawn By Applicant |
1,003 | $138,105,000 |
$137,000 | $924,000 |
$52,000 | $420,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
3,596 | $481,840,000 |
$133,000 | $696,000 |
$61,000 | $708,000 |
| Loan Purchased By The Institution |
3 | $547,000 |
$182,000 | $315,000 |
$193,000 | $484,000 |
| 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 |
317 | $40,551,000 |
$127,000 | $780,000 |
$43,000 | $323,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
924 | $98,592,000 |
$106,000 | $620,000 |
$29,000 | $300,000 |
| Debt-To-Income Ratio |
136 | $17,120,000 |
$125,000 | $615,000 |
$37,000 | $219,000 |
| Employment History |
3 | $317,000 |
$105,000 | $122,000 |
$27,000 | $45,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
752 | $97,726,000 |
$129,000 | $663,000 |
$46,000 | $324,000 |
| Unverifiable Information |
3 | $407,000 |
$135,000 | $184,000 |
$36,000 | $60,000 |
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Mortgage Loan App Totals for FIRST GREENSBORO HOME EQUITY by:
Metropolitan Area And
County
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