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| $5,279,183,286,000 in Mortgage Loans Applied for in 2007 from 26,605,695 Applications |
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QUANTUM NATIONAL BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
QUANTUM NATIONAL BANK |
| Address | 505 PEACHTREE INDUSTRIAL BLVD.
SUWANEE, GA 30024 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2007 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 |
| Total Number of Mortgage Loan Applications Processed | 45 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $15,621,000 |
| Average Mortgage Loan Amount Applied For | $335,461 |
| Highest Mortgage Loan Amount Applied For | $1,500,000 |
| Average Applicant Income | $124,923 |
| Highest Applicant Income | $1,203,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
24 | $9,096,000 |
$379,000 | $1,500,000 |
$190,000 | $1,203,000 |
| Refinancing |
21 | $6,525,000 |
$310,000 | $1,330,000 |
$83,000 | $636,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
7 | $1,861,000 |
$265,000 | $490,000 |
$44,000 | $78,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
5 | $2,881,000 |
$576,000 | $1,500,000 |
$220,000 | $390,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
5 | $1,106,000 |
$221,000 | $640,000 |
$130,000 | $514,000 |
| White |
28 | $9,773,000 |
$349,000 | $1,475,000 |
$152,000 | $1,203,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
45 | $15,621,000 |
$347,000 | $1,500,000 |
$140,000 | $1,203,000 |
| 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 |
8 | $3,955,000 |
$494,000 | $1,475,000 |
$335,000 | $1,203,000 |
| Application Denied By Financial Institution |
15 | $3,691,000 |
$246,000 | $640,000 |
$73,000 | $514,000 |
| Application Withdrawn By Applicant |
21 | $7,643,000 |
$363,000 | $1,500,000 |
$118,000 | $390,000 |
| File Closed For Incompleteness |
1 | $332,000 |
$332,000 | $332,000 |
$60,000 | $60,000 |
| 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 |
1 | $70,000 |
$70,000 | $70,000 |
$18,000 | $18,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
9 | $1,586,000 |
$176,000 | $323,000 |
$40,000 | $81,000 |
| Debt-To-Income Ratio |
1 | $301,000 |
$301,000 | $301,000 |
$61,000 | $61,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $506,000 |
$506,000 | $506,000 |
$150,000 | $150,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
3 | $1,228,000 |
$409,000 | $640,000 |
$171,000 | $514,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for QUANTUM NATIONAL BANK by:
Metropolitan Area And
County
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