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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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SOUTHERN MORTGAGE CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
SOUTHERN MORTGAGE CORPORATION |
| Address | 1515 EAST 71ST SUITE 300
TULSA, OK 74136 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2007 |
| Data Years (click a year for detail) | 2004 2005 2006 2007 |
| Total Number of Mortgage Loan Applications Processed | 204 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $10,103,000 |
| Average Mortgage Loan Amount Applied For | $58,653 |
| Highest Mortgage Loan Amount Applied For | $417,000 |
| Average Applicant Income | $85,884 |
| Highest Applicant Income | $350,000 |
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| Home Improvement |
3 | $48,000 |
$16,000 | $18,000 |
$72,000 | $137,000 |
| Home Purchase |
142 | $5,868,000 |
$41,000 | $220,000 |
$84,000 | $300,000 |
| Refinancing |
59 | $4,187,000 |
$70,000 | $417,000 |
$99,000 | $350,000 |
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| American Indian or Alaskan Native |
1 | $26,000 |
$26,000 | $26,000 |
$61,000 | $61,000 |
| Asian |
1 | $43,000 |
$43,000 | $43,000 |
$58,000 | $58,000 |
| Black or African American |
2 | $52,000 |
$26,000 | $40,000 |
$55,000 | $60,000 |
| Hispanic |
1 | $26,000 |
$26,000 | $26,000 |
$46,000 | $46,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $30,000 |
$30,000 | $30,000 |
$45,000 | $45,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
198 | $9,926,000 |
$50,000 | $417,000 |
$89,000 | $350,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
204 | $10,103,000 |
$49,000 | $417,000 |
$88,000 | $350,000 |
| 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 |
1 | $52,000 |
$52,000 | $52,000 |
$64,000 | $64,000 |
| Application Denied By Financial Institution |
1 | $80,000 |
$80,000 | $80,000 |
$10,000 | $10,000 |
| Application Withdrawn By Applicant |
3 | $215,000 |
$71,000 | $148,000 |
$30,000 | $58,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
199 | $9,756,000 |
$49,000 | $417,000 |
$90,000 | $350,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $80,000 |
$80,000 | $80,000 |
$10,000 | $10,000 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for SOUTHERN MORTGAGE CORPORATION by:
Metropolitan Area And
County
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