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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 METRO BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST METRO BANK |
| Address | 406 W AVALON AVENUE
MUSCLE SHOALS, AL 35661 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 262 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $18,577,000 |
| Average Mortgage Loan Amount Applied For | $73,500 |
| Highest Mortgage Loan Amount Applied For | $2,600,000 |
| Average Applicant Income | $64,000 |
| Highest Applicant Income | $700,000 |
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| Home Improvement |
92 | $2,818,000 |
$30,000 | $245,000 |
$74,000 | $501,000 |
| Home Purchase |
156 | $12,087,000 |
$77,000 | $800,000 |
$65,000 | $690,000 |
| Refinancing |
134 | $10,533,000 |
$78,000 | $2,600,000 |
$64,000 | $700,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $360,000 |
$360,000 | $360,000 |
$95,000 | $95,000 |
| Black or African American |
7 | $87,000 |
$12,000 | $26,000 |
$48,000 | $75,000 |
| Hispanic |
14 | $609,000 |
$43,000 | $213,000 |
$77,000 | $270,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
23 | $2,101,000 |
$91,000 | $800,000 |
$9,000 | $207,000 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
337 | $22,281,000 |
$66,000 | $2,600,000 |
$71,000 | $700,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
382 | $25,438,000 |
$66,000 | $2,600,000 |
$67,000 | $700,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
7 | $210,000 |
$30,000 | $100,000 |
$39,000 | $73,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
375 | $25,228,000 |
$67,000 | $2,600,000 |
$67,000 | $700,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
6 | $208,000 |
$34,000 | $100,000 |
$43,000 | $73,000 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $2,000 |
$2,000 | $2,000 |
$14,000 | $14,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FIRST METRO BANK by:
Metropolitan Area And
County
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