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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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FLAG BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
FLAG BANK |
| Address | 3475 PIEDMONT ROAD, NE SUITE 550
ATLANTA, GA 30305 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2005 |
| All Data Years | 2003 2004 2005 |
| Total Number of Mortgage Loan Applications Processed | 1,206 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $193,531,000 |
| Average Mortgage Loan Amount Applied For | $180,612 |
| Highest Mortgage Loan Amount Applied For | $52,860,000 |
| Average Applicant Income | $95,333 |
| Highest Applicant Income | $2,605,000 |
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| Home Improvement |
92 | $2,438,000 |
$12,666 | $346,000 |
$54,000 | $255,000 |
| Home Purchase |
556 | $124,212,000 |
$211,833 | $52,860,000 |
$110,333 | $1,290,000 |
| Refinancing |
560 | $67,292,000 |
$177,714 | $4,200,000 |
$110,571 | $2,605,000 |
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| American Indian or Alaskan Native |
4 | $554,000 |
$146,500 | $196,000 |
$54,000 | $92,000 |
| Asian |
9 | $1,158,000 |
$128,000 | $344,000 |
$131,000 | $396,000 |
| Black or African American |
221 | $17,604,000 |
$64,333 | $542,000 |
$47,000 | $246,000 |
| Hispanic |
21 | $1,718,000 |
$98,500 | $192,000 |
$100,000 | $253,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $223,000 |
$111,000 | $158,000 |
$88,000 | $96,000 |
| Not applicable |
52 | $10,942,000 |
$210,000 | $2,900,000 |
$59,000 | $767,000 |
| Not Provided |
75 | $14,488,000 |
$221,400 | $4,200,000 |
$48,400 | $998,000 |
| White |
824 | $147,255,000 |
$172,250 | $52,860,000 |
$126,125 | $2,605,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,054 | $173,956,000 |
$159,800 | $52,860,000 |
$103,400 | $2,605,000 |
| FHA-insured (Federal Housing Administration) |
75 | $8,103,000 |
$119,333 | $350,000 |
$41,000 | $115,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
79 | $11,883,000 |
$147,000 | $336,000 |
$53,000 | $131,000 |
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| Application Approved But Not Accepted |
24 | $3,157,000 |
$116,500 | $360,000 |
$72,500 | $253,000 |
| Application Denied By Financial Institution |
100 | $60,748,000 |
$226,000 | $52,860,000 |
$119,250 | $540,000 |
| Application Withdrawn By Applicant |
67 | $9,737,000 |
$203,666 | $542,000 |
$63,166 | $246,000 |
| File Closed For Incompleteness |
5 | $646,000 |
$127,500 | $210,000 |
$52,000 | $144,000 |
| Loan Originated |
1,009 | $116,354,000 |
$165,444 | $4,200,000 |
$113,777 | $2,605,000 |
| Loan Purchased By The Institution |
3 | $3,300,000 |
$1,100,000 | $2,900,000 |
$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 |
3 | $217,000 |
$76,500 | $90,000 |
$16,500 | $33,000 |
| Credit Application Incomplete |
2 | $162,000 |
$81,000 | $94,000 |
$19,000 | $27,000 |
| Credit History |
69 | $5,631,000 |
$99,666 | $350,000 |
$66,000 | $240,000 |
| Debt-To-Income Ratio |
8 | $562,000 |
$70,000 | $190,000 |
$37,000 | $120,000 |
| Employment History |
1 | $79,000 |
$79,000 | $79,000 |
$32,000 | $32,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $364,000 |
$121,000 | $176,000 |
$76,000 | $87,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
11 | $607,000 |
$67,000 | $130,000 |
$286,500 | $540,000 |
| Unverifiable Information |
3 | $53,126,000 |
$17,708,000 | $52,860,000 |
$76,000 | $171,000 |
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Mortgage Loan App Totals for FLAG BANK by:
Metropolitan Area And
County
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