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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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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 | Office of Thrift Supervision (OTS) |
| Year | 2004 |
| All Data Years | 2004 |
| Total Number of Mortgage Loan Applications Processed | 2,016 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $372,355,000 |
| Average Mortgage Loan Amount Applied For | $185,563 |
| Highest Mortgage Loan Amount Applied For | $1,350,000 |
| Average Applicant Income | $103,000 |
| Highest Applicant Income | $1,440,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
1,504 | $282,236,000 |
$189,952 | $1,350,000 |
$107,571 | $1,440,000 |
| Refinancing |
513 | $90,438,000 |
$184,184 | $1,100,000 |
$95,315 | $1,338,000 |
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| American Indian or Alaskan Native |
16 | $2,279,000 |
$120,600 | $318,000 |
$56,600 | $188,000 |
| Asian |
77 | $13,480,000 |
$207,294 | $431,000 |
$104,235 | $264,000 |
| Black or African American |
179 | $33,560,000 |
$184,647 | $1,163,000 |
$74,176 | $1,253,000 |
| Hispanic |
130 | $21,093,000 |
$188,333 | $472,000 |
$70,111 | $354,000 |
| Native Hawaiin or Other Pacific Islander |
21 | $3,264,000 |
$122,000 | $208,000 |
$83,000 | $115,000 |
| Not applicable |
18 | $2,760,000 |
$153,000 | $213,000 |
$101,000 | $187,000 |
| Not Provided |
119 | $22,337,000 |
$192,571 | $938,000 |
$96,095 | $438,000 |
| White |
1,457 | $273,901,000 |
$184,613 | $1,350,000 |
$104,431 | $1,440,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,017 | $372,674,000 |
$183,755 | $1,350,000 |
$102,155 | $1,440,000 |
| 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 |
112 | $20,041,000 |
$180,444 | $650,000 |
$96,611 | $562,000 |
| Application Denied By Financial Institution |
264 | $52,628,000 |
$198,000 | $880,000 |
$99,750 | $1,112,000 |
| Application Withdrawn By Applicant |
87 | $15,851,000 |
$174,062 | $650,000 |
$102,375 | $600,000 |
| File Closed For Incompleteness |
1 | $150,000 |
$150,000 | $150,000 |
$0 | $0 |
| Loan Originated |
1,552 | $283,685,000 |
$184,522 | $1,350,000 |
$102,045 | $1,440,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
1 | $319,000 |
$319,000 | $319,000 |
$230,000 | $230,000 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
16 | $2,956,000 |
$174,125 | $394,000 |
$167,875 | $455,000 |
| Credit Application Incomplete |
2 | $301,000 |
$150,500 | $220,000 |
$108,500 | $169,000 |
| Credit History |
15 | $2,132,000 |
$139,857 | $238,000 |
$62,714 | $126,000 |
| Debt-To-Income Ratio |
28 | $6,283,000 |
$262,500 | $834,000 |
$88,625 | $1,112,000 |
| Employment History |
4 | $829,000 |
$182,333 | $302,000 |
$57,333 | $86,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $400,000 |
$133,333 | $176,000 |
$116,333 | $231,000 |
| Mortgage Insurance Denied |
1 | $51,000 |
$51,000 | $51,000 |
$35,000 | $35,000 |
| Other |
195 | $39,676,000 |
$203,000 | $880,000 |
$106,608 | $925,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for MORTGAGE LION, INC. by:
Metropolitan Area And
County
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