| $3,446,236,491 in Mortgage Loans Applied for in 2008 from 17,391,570 Applications |
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MORTGAGE LION, INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
MORTGAGE LION, INC. |
| Address | 327 S. MAIN STREET
FITZGERALD, GA 31750 |
| Agency | Federal Reserve System (FRS) |
| Year | 2007 |
| Data Years (click a year for detail) | 2007 2008 |
| Total Number of Mortgage Loan Applications Processed | 1,213 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $247,973,000 |
| Average Mortgage Loan Amount Applied For | $206,497 |
| Highest Mortgage Loan Amount Applied For | $1,039,000 |
| Average Applicant Income | $111,694 |
| Highest Applicant Income | $2,737,000 |
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| Home Improvement |
24 | $4,770,000 |
$198,000 | $980,000 |
$85,000 | $300,000 |
| 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 |
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| American Indian or Alaskan Native |
2 | $485,000 |
$242,000 | $309,000 |
$93,000 | $115,000 |
| Asian |
24 | $4,747,000 |
$197,000 | $417,000 |
$115,000 | $405,000 |
| 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 |
| Native Hawaiin or Other Pacific Islander |
6 | $2,047,000 |
$341,000 | $976,000 |
$125,000 | $400,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
12 | $2,786,000 |
$232,000 | $735,000 |
$126,000 | $208,000 |
| White |
963 | $199,747,000 |
$207,000 | $1,039,000 |
$120,000 | $2,737,000 |
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| 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 |
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| Application Approved But Not Accepted |
64 | $12,737,000 |
$199,000 | $822,000 |
$124,000 | $1,183,000 |
| 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 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
906 | $181,769,000 |
$200,000 | $1,039,000 |
$115,000 | $2,590,000 |
| 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 |
19 | $4,195,000 |
$220,000 | $490,000 |
$124,000 | $350,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
25 | $4,287,000 |
$171,000 | $415,000 |
$70,000 | $220,000 |
| 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 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
89 | $21,047,000 |
$236,000 | $990,000 |
$139,000 | $2,737,000 |
| Unverifiable Information |
1 | $280,000 |
$280,000 | $280,000 |
$180,000 | $180,000 |
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Mortgage Loan Application Totals for MORTGAGE LION, INC. by:
Metropolitan Area And
County
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