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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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SOUTHERN NATIONAL BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
SOUTHERN NATIONAL BANK |
| Address | 200 CHEROKEE STREET
MARIETTA, GA 30060 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2005 |
| All Data Years | 2003 2004 2005 |
| Total Number of Mortgage Loan Applications Processed | 88 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $14,811,000 |
| Average Mortgage Loan Amount Applied For | $168,791 |
| Highest Mortgage Loan Amount Applied For | $608,000 |
| Average Applicant Income | $59,000 |
| Highest Applicant Income | $556,000 |
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| Home Improvement |
1 | $556,000 |
$556,000 | $556,000 |
$556,000 | $556,000 |
| Home Purchase |
38 | $5,544,000 |
$145,250 | $404,000 |
$65,250 | $216,000 |
| Refinancing |
49 | $8,711,000 |
$177,000 | $608,000 |
$56,000 | $289,000 |
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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 |
9 | $1,231,000 |
$125,500 | $234,000 |
$55,500 | $106,000 |
| Hispanic |
4 | $869,000 |
$217,000 | $349,000 |
$42,000 | $144,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
11 | $1,367,000 |
$124,000 | $179,000 |
$0 | $0 |
| Not Provided |
4 | $532,000 |
$133,000 | $181,000 |
$30,000 | $74,000 |
| White |
60 | $10,812,000 |
$168,000 | $608,000 |
$82,666 | $556,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
88 | $14,811,000 |
$151,250 | $608,000 |
$70,000 | $556,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
18 | $2,799,000 |
$129,000 | $400,000 |
$62,500 | $93,000 |
| Application Withdrawn By Applicant |
53 | $9,193,000 |
$169,666 | $608,000 |
$63,666 | $289,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
17 | $2,819,000 |
$165,000 | $556,000 |
$79,000 | $556,000 |
| 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 |
4 | $612,000 |
$135,000 | $195,000 |
$67,500 | $93,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
10 | $1,851,000 |
$185,000 | $400,000 |
$27,000 | $82,000 |
| Debt-To-Income Ratio |
2 | $133,000 |
$66,000 | $90,000 |
$53,000 | $66,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $203,000 |
$101,000 | $103,000 |
$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 NATIONAL BANK by:
Metropolitan Area And
County
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