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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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SYNOVUS MORTGAGE CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
SYNOVUS MORTGAGE CORPORATION |
| Address | 2204 LAKESHORE DRIVE SUITE 325
BIRMINGHAM, AL 35209 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 10,856 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $2,067,813,000 |
| Average Mortgage Loan Amount Applied For | $199,594 |
| Highest Mortgage Loan Amount Applied For | $5,950,000 |
| Average Applicant Income | $132,387 |
| Highest Applicant Income | $8,701,000 |
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| Home Improvement |
28 | $3,977,000 |
$142,000 | $335,000 |
$69,000 | $176,000 |
| Home Purchase |
6,062 | $1,057,364,000 |
$174,000 | $5,950,000 |
$101,000 | $8,701,000 |
| Refinancing |
4,780 | $1,007,835,000 |
$210,000 | $4,800,000 |
$119,000 | $6,000,000 |
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| American Indian or Alaskan Native |
13 | $2,390,000 |
$183,000 | $332,000 |
$77,000 | $116,000 |
| Asian |
139 | $28,690,000 |
$206,000 | $1,325,000 |
$102,000 | $779,000 |
| Black or African American |
978 | $142,762,000 |
$145,000 | $5,950,000 |
$66,000 | $972,000 |
| Hispanic |
196 | $32,273,000 |
$164,000 | $1,625,000 |
$72,000 | $800,000 |
| Native Hawaiin or Other Pacific Islander |
14 | $2,691,000 |
$192,000 | $650,000 |
$101,000 | $445,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
9,530 | $1,860,370,000 |
$195,000 | $4,800,000 |
$114,000 | $8,701,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
9,877 | $1,930,423,000 |
$195,000 | $5,950,000 |
$114,000 | $8,701,000 |
| FHA-insured (Federal Housing Administration) |
588 | $70,910,000 |
$120,000 | $227,000 |
$47,000 | $321,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
13 | $1,453,000 |
$111,000 | $163,000 |
$44,000 | $81,000 |
| VA-guaranteed (Veterans Administration) |
392 | $66,390,000 |
$169,000 | $377,000 |
$61,000 | $169,000 |
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| Application Approved But Not Accepted |
440 | $75,217,000 |
$170,000 | $1,361,000 |
$100,000 | $2,917,000 |
| Application Denied By Financial Institution |
148 | $26,533,000 |
$179,000 | $1,925,000 |
$94,000 | $950,000 |
| Application Withdrawn By Applicant |
2,783 | $566,938,000 |
$203,000 | $5,950,000 |
$101,000 | $6,000,000 |
| File Closed For Incompleteness |
357 | $61,945,000 |
$173,000 | $1,516,000 |
$78,000 | $720,000 |
| Loan Originated |
7,128 | $1,337,180,000 |
$187,000 | $3,657,000 |
$114,000 | $8,701,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
11 | $1,178,000 |
$107,000 | $190,000 |
$46,000 | $143,000 |
| Preapproval Denied by Financial Institution |
3 | $185,000 |
$61,000 | $75,000 |
$15,000 | $20,000 |
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| Collateral |
20 | $4,060,000 |
$203,000 | $845,000 |
$149,000 | $950,000 |
| Credit Application Incomplete |
17 | $4,677,000 |
$275,000 | $1,925,000 |
$131,000 | $839,000 |
| Credit History |
37 | $5,088,000 |
$137,000 | $606,000 |
$55,000 | $228,000 |
| Debt-To-Income Ratio |
25 | $3,174,000 |
$126,000 | $200,000 |
$47,000 | $112,000 |
| Employment History |
8 | $1,908,000 |
$238,000 | $676,000 |
$120,000 | $406,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $502,000 |
$251,000 | $368,000 |
$157,000 | $167,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
38 | $6,878,000 |
$181,000 | $1,125,000 |
$110,000 | $575,000 |
| Unverifiable Information |
4 | $431,000 |
$107,000 | $171,000 |
$36,000 | $56,000 |
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Mortgage Loan App Totals for SYNOVUS MORTGAGE CORPORATION by:
Metropolitan Area And
County
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