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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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PINNACLE MORTGAGE CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
PINNACLE MORTGAGE CORPORATION |
| Address | 8908 S YALE AVE, SUITE 250
TULSA, OK 74137 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 147 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $18,869,000 |
| Average Mortgage Loan Amount Applied For | $127,181 |
| Highest Mortgage Loan Amount Applied For | $827,000 |
| Average Applicant Income | $68,181 |
| Highest Applicant Income | $300,000 |
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| Home Improvement |
1 | $80,000 |
$80,000 | $80,000 |
$162,000 | $162,000 |
| Home Purchase |
112 | $12,836,000 |
$114,000 | $391,000 |
$55,000 | $247,000 |
| Refinancing |
34 | $5,953,000 |
$175,000 | $827,000 |
$81,000 | $300,000 |
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| American Indian or Alaskan Native |
1 | $96,000 |
$96,000 | $96,000 |
$42,000 | $42,000 |
| Asian |
3 | $483,000 |
$161,000 | $214,000 |
$55,000 | $74,000 |
| Black or African American |
7 | $769,000 |
$109,000 | $158,000 |
$47,000 | $72,000 |
| Hispanic |
5 | $765,000 |
$153,000 | $391,000 |
$69,000 | $131,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
6 | $610,000 |
$101,000 | $190,000 |
$86,000 | $162,000 |
| White |
125 | $16,146,000 |
$129,000 | $827,000 |
$61,000 | $300,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
104 | $14,680,000 |
$141,000 | $827,000 |
$69,000 | $300,000 |
| FHA-insured (Federal Housing Administration) |
40 | $3,872,000 |
$96,000 | $190,000 |
$43,000 | $102,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
3 | $317,000 |
$105,000 | $133,000 |
$41,000 | $52,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
23 | $2,501,000 |
$108,000 | $391,000 |
$67,000 | $174,000 |
| Application Withdrawn By Applicant |
110 | $14,914,000 |
$135,000 | $827,000 |
$62,000 | $300,000 |
| File Closed For Incompleteness |
14 | $1,454,000 |
$103,000 | $225,000 |
$53,000 | $162,000 |
| Loan Originated |
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 |
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| Collateral |
2 | $197,000 |
$98,000 | $104,000 |
$64,000 | $102,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
3 | $183,000 |
$61,000 | $84,000 |
$38,000 | $65,000 |
| Debt-To-Income Ratio |
1 | $95,000 |
$95,000 | $95,000 |
$39,000 | $39,000 |
| Employment History |
1 | $58,000 |
$58,000 | $58,000 |
$24,000 | $24,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $347,000 |
$115,000 | $207,000 |
$61,000 | $123,000 |
| Mortgage Insurance Denied |
1 | $47,000 |
$47,000 | $47,000 |
$102,000 | $102,000 |
| Other |
9 | $983,000 |
$109,000 | $314,000 |
$67,000 | $174,000 |
| Unverifiable Information |
2 | $489,000 |
$244,000 | $391,000 |
$131,000 | $131,000 |
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Mortgage Loan App Totals for PINNACLE MORTGAGE CORPORATION by:
Metropolitan Area And
County
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