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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 GUARANTY MORTGAGE CORP
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST GUARANTY MORTGAGE CORP |
| Address | 8180 GREENSBORO DRIVE, SUITE 500
MCLEAN, VA 22102 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 13,286 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $2,190,230,000 |
| Average Mortgage Loan Amount Applied For | $137,004 |
| Highest Mortgage Loan Amount Applied For | $1,750,000 |
| Average Applicant Income | $105,143 |
| Highest Applicant Income | $5,864,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
11,732 | $1,860,842,000 |
$158,000 | $1,750,000 |
$88,000 | $5,000,000 |
| Refinancing |
1,676 | $352,622,000 |
$210,000 | $1,500,000 |
$93,000 | $5,864,000 |
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| American Indian or Alaskan Native |
28 | $4,143,000 |
$147,000 | $575,000 |
$105,000 | $240,000 |
| Asian |
675 | $139,028,000 |
$205,000 | $1,300,000 |
$77,000 | $577,000 |
| Black or African American |
3,485 | $552,073,000 |
$158,000 | $1,247,000 |
$72,000 | $1,502,000 |
| Hispanic |
1,736 | $312,766,000 |
$180,000 | $931,000 |
$62,000 | $1,084,000 |
| Native Hawaiin or Other Pacific Islander |
60 | $10,019,000 |
$166,000 | $604,000 |
$88,000 | $300,000 |
| Not applicable |
1,249 | $184,850,000 |
$147,000 | $1,560,000 |
$92,000 | $5,000,000 |
| Not Provided |
1,634 | $261,703,000 |
$160,000 | $1,400,000 |
$109,000 | $5,864,000 |
| White |
4,541 | $748,882,000 |
$164,000 | $1,750,000 |
$106,000 | $2,040,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
13,341 | $2,196,956,000 |
$164,000 | $1,750,000 |
$89,000 | $5,864,000 |
| FHA-insured (Federal Housing Administration) |
45 | $10,466,000 |
$232,000 | $363,000 |
$71,000 | $148,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
22 | $6,042,000 |
$274,000 | $522,000 |
$83,000 | $125,000 |
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| Application Approved But Not Accepted |
1,393 | $175,897,000 |
$126,000 | $1,560,000 |
$93,000 | $666,000 |
| Application Denied By Financial Institution |
1,414 | $206,506,000 |
$146,000 | $1,284,000 |
$98,000 | $1,080,000 |
| Application Withdrawn By Applicant |
2,192 | $386,252,000 |
$176,000 | $1,425,000 |
$93,000 | $5,864,000 |
| File Closed For Incompleteness |
187 | $28,183,000 |
$150,000 | $1,200,000 |
$102,000 | $600,000 |
| Loan Originated |
8,222 | $1,416,626,000 |
$172,000 | $1,750,000 |
$85,000 | $2,040,000 |
| 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 |
344 | $47,898,000 |
$139,000 | $968,000 |
$104,000 | $1,080,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
286 | $41,037,000 |
$143,000 | $800,000 |
$97,000 | $666,000 |
| Debt-To-Income Ratio |
85 | $9,171,000 |
$107,000 | $323,000 |
$107,000 | $364,000 |
| Employment History |
47 | $6,479,000 |
$137,000 | $792,000 |
$76,000 | $253,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
14 | $1,496,000 |
$106,000 | $334,000 |
$72,000 | $144,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
216 | $35,643,000 |
$165,000 | $945,000 |
$96,000 | $552,000 |
| Unverifiable Information |
6 | $1,195,000 |
$199,000 | $452,000 |
$242,000 | $600,000 |
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Mortgage Loan App Totals for FIRST GUARANTY MORTGAGE CORP by:
Metropolitan Area And
County
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