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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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GEORGIA BANKING COMPANY
Mortgage Loans and Application Details
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| Mortgage Company Name |
GEORGIA BANKING COMPANY |
| Address | 6190 POWERS FERRY RD
ATLANTA, GA 30339 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 479 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $137,390,000 |
| Average Mortgage Loan Amount Applied For | $234,649 |
| Highest Mortgage Loan Amount Applied For | $1,500,000 |
| Average Applicant Income | $106,592 |
| Highest Applicant Income | $600,000 |
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| Home Improvement |
2 | $414,000 |
$207,000 | $325,000 |
$100,000 | $126,000 |
| Home Purchase |
267 | $59,020,000 |
$221,000 | $1,500,000 |
$124,000 | $480,000 |
| Refinancing |
273 | $93,217,000 |
$341,000 | $1,120,000 |
$112,000 | $600,000 |
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| American Indian or Alaskan Native |
4 | $1,013,000 |
$253,000 | $560,000 |
$117,000 | $151,000 |
| Asian |
32 | $9,145,000 |
$285,000 | $800,000 |
$114,000 | $338,000 |
| Black or African American |
14 | $2,751,000 |
$196,000 | $322,000 |
$74,000 | $165,000 |
| Hispanic |
14 | $3,607,000 |
$257,000 | $643,000 |
$100,000 | $197,000 |
| Native Hawaiin or Other Pacific Islander |
4 | $566,000 |
$141,000 | $166,000 |
$381,000 | $480,000 |
| Not applicable |
1 | $30,000 |
$30,000 | $30,000 |
$0 | $0 |
| Not Provided |
156 | $39,623,000 |
$253,000 | $1,500,000 |
$110,000 | $421,000 |
| White |
317 | $95,916,000 |
$302,000 | $1,200,000 |
$122,000 | $600,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
542 | $152,651,000 |
$281,000 | $1,500,000 |
$118,000 | $600,000 |
| 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 |
13 | $2,172,000 |
$167,000 | $386,000 |
$69,000 | $154,000 |
| Application Withdrawn By Applicant |
53 | $14,852,000 |
$280,000 | $1,120,000 |
$146,000 | $600,000 |
| File Closed For Incompleteness |
104 | $24,370,000 |
$234,000 | $800,000 |
$105,000 | $338,000 |
| Loan Originated |
372 | $111,257,000 |
$299,000 | $1,500,000 |
$119,000 | $421,000 |
| 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 |
5 | $668,000 |
$133,000 | $386,000 |
$77,000 | $154,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
4 | $471,000 |
$117,000 | $200,000 |
$64,000 | $91,000 |
| Debt-To-Income Ratio |
2 | $338,000 |
$169,000 | $199,000 |
$57,000 | $78,000 |
| 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 GEORGIA BANKING COMPANY by:
Metropolitan Area And
County
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