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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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SOUTH ATLANTIC MORTGAGE CORP
Mortgage Loans and Application Details
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| Mortgage Company Name |
SOUTH ATLANTIC MORTGAGE CORP |
| Address | 1150 NW 72 AVENUE PH 2
MIAMI, FL 33126 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 601 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $87,744,000 |
| Average Mortgage Loan Amount Applied For | $179,555 |
| Highest Mortgage Loan Amount Applied For | $611,000 |
| Average Applicant Income | $86,000 |
| Highest Applicant Income | $558,000 |
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| Home Improvement (one-to-four family) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase (one-to-four family) |
508 | $73,675,000 |
$236,666 | $570,000 |
$172,666 | $540,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
1 | $120,000 |
$120,000 | $120,000 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
92 | $13,949,000 |
$151,000 | $611,000 |
$82,000 | $558,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian or Pacific Islander |
6 | $711,000 |
$118,000 | $173,000 |
$29,000 | $66,000 |
| Black |
18 | $2,170,000 |
$120,000 | $213,000 |
$59,000 | $162,000 |
| Hispanic |
419 | $59,624,000 |
$201,000 | $570,000 |
$106,000 | $366,000 |
| Information not provided by applicant in mail or telephone application |
37 | $5,185,000 |
$140,000 | $424,000 |
$35,000 | $136,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
10 | $1,727,000 |
$172,000 | $474,000 |
$134,000 | $558,000 |
| White |
111 | $18,327,000 |
$234,000 | $611,000 |
$189,500 | $540,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
565 | $83,550,000 |
$237,666 | $611,000 |
$176,333 | $558,000 |
| FHA-insured (Federal Housing Administration) |
33 | $3,800,000 |
$115,000 | $184,000 |
$38,000 | $70,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
3 | $394,000 |
$131,000 | $150,000 |
$72,000 | $88,000 |
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| Application Approved But Not Accepted |
10 | $1,766,000 |
$176,000 | $611,000 |
$71,000 | $214,000 |
| Application Denied By Financial Institution |
22 | $2,715,000 |
$123,000 | $179,000 |
$67,000 | $300,000 |
| Application Withdrawn By Applicant |
180 | $26,241,000 |
$145,000 | $474,000 |
$78,000 | $558,000 |
| File Closed For Incompleteness |
47 | $6,638,000 |
$141,000 | $275,000 |
$43,000 | $200,000 |
| Loan Originated |
342 | $50,384,000 |
$237,333 | $570,000 |
$173,000 | $540,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $179,000 |
$179,000 | $179,000 |
$50,000 | $50,000 |
| Debt-To-Income Ratio |
5 | $560,000 |
$112,000 | $161,000 |
$101,000 | $300,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
2 | $258,000 |
$129,000 | $157,000 |
$34,000 | $69,000 |
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Mortgage Loan App Totals for SOUTH ATLANTIC MORTGAGE CORP by:
Metropolitan Area And
County
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