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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 OPTION MORTGAGE
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST OPTION MORTGAGE |
| Address | 400 GALLERIA PARKWAY SUITE 1750
ATLANTA, GA 30339 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,168 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $192,190,000 |
| Average Mortgage Loan Amount Applied For | $148,440 |
| Highest Mortgage Loan Amount Applied For | $1,350,000 |
| Average Applicant Income | $89,389 |
| Highest Applicant Income | $2,088,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
161 | $20,032,000 |
$124,000 | $898,000 |
$103,000 | $1,071,000 |
| Refinancing |
1,007 | $172,158,000 |
$170,000 | $1,350,000 |
$82,000 | $2,088,000 |
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| American Indian or Alaskan Native |
12 | $2,621,000 |
$218,000 | $743,000 |
$134,000 | $348,000 |
| Asian |
19 | $4,418,000 |
$232,000 | $501,000 |
$204,000 | $2,088,000 |
| Black or African American |
134 | $19,269,000 |
$143,000 | $626,000 |
$73,000 | $246,000 |
| Hispanic |
56 | $8,934,000 |
$159,000 | $368,000 |
$72,000 | $191,000 |
| Native Hawaiin or Other Pacific Islander |
3 | $598,000 |
$199,000 | $277,000 |
$72,000 | $103,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
28 | $4,696,000 |
$167,000 | $572,000 |
$83,000 | $208,000 |
| White |
916 | $151,654,000 |
$165,000 | $1,350,000 |
$85,000 | $1,071,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,165 | $191,685,000 |
$164,000 | $1,350,000 |
$85,000 | $2,088,000 |
| FHA-insured (Federal Housing Administration) |
1 | $104,000 |
$104,000 | $104,000 |
$34,000 | $34,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
2 | $401,000 |
$200,000 | $302,000 |
$51,000 | $78,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
1,168 | $192,190,000 |
$164,000 | $1,350,000 |
$85,000 | $2,088,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FIRST OPTION MORTGAGE by:
Metropolitan Area And
County
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