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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 MORTGAGE GROUP, INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST MORTGAGE GROUP, INC. |
| Address | 118 MOULTON STREET E
DECATUR, AL 35601 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 364 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $37,064,000 |
| Average Mortgage Loan Amount Applied For | $107,409 |
| Highest Mortgage Loan Amount Applied For | $464,000 |
| Average Applicant Income | $48,818 |
| Highest Applicant Income | $231,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
554 | $48,625,000 |
$87,000 | $362,000 |
$36,000 | $156,000 |
| Refinancing |
170 | $18,390,000 |
$108,000 | $464,000 |
$49,000 | $231,000 |
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| American Indian or Alaskan Native |
3 | $213,000 |
$71,000 | $95,000 |
$33,000 | $39,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
278 | $25,145,000 |
$90,000 | $363,000 |
$35,000 | $231,000 |
| Hispanic |
5 | $432,000 |
$86,000 | $144,000 |
$41,000 | $68,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $161,000 |
$161,000 | $161,000 |
$51,000 | $51,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
2 | $133,000 |
$66,000 | $81,000 |
$46,000 | $62,000 |
| White |
435 | $40,931,000 |
$94,000 | $464,000 |
$42,000 | $180,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
524 | $49,465,000 |
$94,000 | $464,000 |
$41,000 | $231,000 |
| FHA-insured (Federal Housing Administration) |
192 | $16,413,000 |
$85,000 | $194,000 |
$35,000 | $96,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
8 | $1,137,000 |
$142,000 | $200,000 |
$51,000 | $89,000 |
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| Application Approved But Not Accepted |
47 | $5,051,000 |
$107,000 | $222,000 |
$46,000 | $116,000 |
| Application Denied By Financial Institution |
412 | $34,581,000 |
$83,000 | $325,000 |
$34,000 | $180,000 |
| Application Withdrawn By Applicant |
54 | $5,431,000 |
$100,000 | $275,000 |
$42,000 | $231,000 |
| File Closed For Incompleteness |
2 | $122,000 |
$61,000 | $64,000 |
$37,000 | $54,000 |
| Loan Originated |
181 | $19,583,000 |
$108,000 | $464,000 |
$50,000 | $180,000 |
| 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 |
28 | $2,247,000 |
$80,000 | $145,000 |
$32,000 | $65,000 |
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| Collateral |
13 | $963,000 |
$74,000 | $136,000 |
$35,000 | $96,000 |
| Credit Application Incomplete |
2 | $96,000 |
$48,000 | $58,000 |
$22,000 | $29,000 |
| Credit History |
391 | $33,090,000 |
$84,000 | $325,000 |
$35,000 | $180,000 |
| Debt-To-Income Ratio |
23 | $1,818,000 |
$79,000 | $181,000 |
$26,000 | $52,000 |
| Employment History |
4 | $332,000 |
$83,000 | $100,000 |
$27,000 | $41,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $85,000 |
$85,000 | $85,000 |
$48,000 | $48,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $156,000 |
$78,000 | $82,000 |
$26,000 | $41,000 |
| Unverifiable Information |
1 | $67,000 |
$67,000 | $67,000 |
$34,000 | $34,000 |
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Mortgage Loan App Totals for FIRST MORTGAGE GROUP, INC. by:
Metropolitan Area And
County
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