AllMortgageDetail - Mortgage Application Details

Mortgage Lion, Inc.
Mortgage Loan Application
Totals and Details
for 2007

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Mortgage Company & Address Mortgage Lion, Inc.
327 S. Main Street
Fitzgerald, GA 31750
Federal Regulator Federal Reserve System (FRS)
Years 2008  2007  
Total Number of Mortgage Applications 1,213
Total Mortgage Loan Application Amount $247,973,000
Average Mortgage Loan Application Amount $206,497
Highest Mortgage Loan Application Amount $1,039,000
Average Applicant Income $111,694
Highest Applicant Income $2,737,000

Mortgage Loan Application Detail Totals for Mortgage Lion, Inc. in 2007

Loan Purpose

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Home Purchase 703 $142,104,000 $202,000 $1,039,000 $119,000 $1,200,000
Refinancing 488 $101,413,000 $207,000 $1,000,000 $109,000 $2,737,000
Home Improvement 24 $4,770,000 $198,000 $980,000 $85,000 $300,000

Applicant Race

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
White 963 $199,747,000 $207,000 $1,039,000 $120,000 $2,737,000
Black or African American 125 $23,140,000 $185,000 $500,000 $88,000 $414,000
Hispanic 83 $15,335,000 $184,000 $412,000 $82,000 $425,000
Asian 24 $4,747,000 $197,000 $417,000 $115,000 $405,000
Not Provided 12 $2,786,000 $232,000 $735,000 $126,000 $208,000
Native Hawaiin or Other Pacific Islander 6 $2,047,000 $341,000 $976,000 $125,000 $400,000
American Indian or Alaskan Native 2 $485,000 $242,000 $309,000 $93,000 $115,000
Not applicable 0 $0 $0 $0 $0 $0

Loan Type

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 1,215 $248,287,000 $204,000 $1,039,000 $114,000 $2,737,000
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

Outcome

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Loan Originated 906 $181,769,000 $200,000 $1,039,000 $115,000 $2,590,000
Application Denied By Financial Institution 151 $33,616,000 $222,000 $990,000 $124,000 $2,737,000
Application Withdrawn By Applicant 94 $20,165,000 $214,000 $989,000 $89,000 $445,000
Application Approved But Not Accepted 64 $12,737,000 $199,000 $822,000 $124,000 $1,183,000
File Closed For Incompleteness 0 $0 $0 $0 $0 $0
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

Denial Reason

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Other 89 $21,047,000 $236,000 $990,000 $139,000 $2,737,000
Credit History 25 $4,287,000 $171,000 $415,000 $70,000 $220,000
Collateral 19 $4,195,000 $220,000 $490,000 $124,000 $350,000
Debt-To-Income Ratio 8 $930,000 $116,000 $240,000 $70,000 $227,000
Employment History 8 $2,517,000 $314,000 $976,000 $160,000 $400,000
Insufficient Cash (Downpayment, Closing Cost) 1 $360,000 $360,000 $360,000 $159,000 $159,000
Unverifiable Information 1 $280,000 $280,000 $280,000 $180,000 $180,000
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0