AllMortgageDetail - Mortgage Application Details

Mortgage Lion, Inc.
Mortgage Loan Application
Totals and Details
for 2005

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Mortgage Company & Address Mortgage Lion, Inc.
327 South Main Street
Fitzgerald, GA 31750
Federal Regulator Office of Thrift Supervision (OTS)
Years 2006  2005  
Total Number of Mortgage Applications 1,775
Total Mortgage Loan Application Amount $325,477,000
Average Mortgage Loan Application Amount $194,227
Highest Mortgage Loan Application Amount $2,100,000
Average Applicant Income $103,375
Highest Applicant Income $1,584,000

Mortgage Loan Application Detail Totals for Mortgage Lion, Inc. in 2005

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 1,181 $213,906,000 $199,487 $1,150,000 $106,564 $1,584,000
Refinancing 590 $110,920,000 $212,870 $2,100,000 $110,741 $1,574,000
Home Improvement 4 $651,000 $151,000 $270,000 $38,500 $83,000

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 1,314 $244,805,000 $220,350 $2,100,000 $125,875 $1,584,000
Black or African American 143 $23,318,000 $180,125 $628,000 $85,937 $305,000
Asian 123 $24,235,000 $200,800 $437,000 $80,133 $278,000
Not Provided 89 $15,505,000 $191,875 $1,492,000 $85,750 $606,000
Hispanic 79 $14,088,000 $166,937 $523,000 $92,562 $380,000
American Indian or Alaskan Native 16 $2,004,000 $113,666 $179,000 $68,000 $174,000
Native Hawaiin or Other Pacific Islander 11 $1,522,000 $165,666 $330,000 $71,000 $131,000
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) 1,775 $325,477,000 $208,048 $2,100,000 $112,292 $1,584,000
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 1,470 $265,976,000 $212,219 $2,100,000 $114,975 $1,584,000
Application Denied By Financial Institution 187 $39,049,000 $194,037 $1,492,000 $92,259 $617,000
Application Withdrawn By Applicant 69 $11,348,000 $188,750 $544,000 $106,687 $384,000
Application Approved But Not Accepted 49 $9,104,000 $193,923 $608,000 $89,769 $258,000
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 96 $20,943,000 $184,333 $1,492,000 $89,400 $617,000
Collateral 38 $8,593,000 $192,181 $768,000 $122,090 $380,000
Debt-To-Income Ratio 27 $4,641,000 $179,285 $400,000 $69,714 $134,000
Credit History 14 $2,386,000 $177,800 $259,000 $57,200 $92,000
Employment History 7 $1,221,000 $182,800 $261,000 $114,000 $286,000
Unverifiable Information 3 $678,000 $226,000 $359,000 $33,666 $69,000
Mortgage Insurance Denied 1 $330,000 $330,000 $330,000 $63,000 $63,000
Credit Application Incomplete 1 $257,000 $257,000 $257,000 $0 $0
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0