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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 MORTGAGE COMPANY
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST METRO MORTGAGE COMPANY |
| Address | P.O. BOX 1077
STOCKBRIDGE, GA 30281 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 208 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $33,150,000 |
| Average Mortgage Loan Amount Applied For | $123,062 |
| Highest Mortgage Loan Amount Applied For | $477,000 |
| Average Applicant Income | $73,250 |
| Highest Applicant Income | $240,000 |
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| Home Improvement |
4 | $442,000 |
$110,000 | $142,000 |
$45,000 | $99,000 |
| Home Purchase |
138 | $22,474,000 |
$162,000 | $477,000 |
$70,000 | $240,000 |
| Refinancing |
66 | $10,234,000 |
$155,000 | $417,000 |
$74,000 | $200,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
17 | $3,004,000 |
$176,000 | $360,000 |
$71,000 | $130,000 |
| Hispanic |
3 | $598,000 |
$199,000 | $222,000 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
2 | $119,000 |
$59,000 | $106,000 |
$110,000 | $110,000 |
| White |
186 | $29,429,000 |
$158,000 | $477,000 |
$72,000 | $240,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
177 | $28,583,000 |
$161,000 | $477,000 |
$73,000 | $240,000 |
| FHA-insured (Federal Housing Administration) |
26 | $3,589,000 |
$138,000 | $201,000 |
$54,000 | $109,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
5 | $978,000 |
$195,000 | $280,000 |
$80,000 | $116,000 |
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| Application Approved But Not Accepted |
11 | $2,115,000 |
$192,000 | $417,000 |
$70,000 | $110,000 |
| Application Denied By Financial Institution |
9 | $1,294,000 |
$143,000 | $371,000 |
$66,000 | $207,000 |
| Application Withdrawn By Applicant |
14 | $2,793,000 |
$199,000 | $432,000 |
$60,000 | $110,000 |
| File Closed For Incompleteness |
6 | $742,000 |
$123,000 | $207,000 |
$33,000 | $86,000 |
| Loan Originated |
168 | $26,206,000 |
$155,000 | $477,000 |
$74,000 | $240,000 |
| 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 |
6 | $856,000 |
$142,000 | $371,000 |
$81,000 | $207,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $216,000 |
$108,000 | $110,000 |
$56,000 | $72,000 |
| 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 | $222,000 |
$222,000 | $222,000 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FIRST METRO MORTGAGE COMPANY by:
Metropolitan Area And
County
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