Ame Financial Corporation
Mortgage Loan Application
Totals and Details
for 2008

Mortgage Company & Address Ame Financial Corporation
6455 Shiloh Rd Ste D
Alpharetta, GA 30005
Tel #: available with data download
Federal Regulator * available with data download
Years 2008  2007  2006  2003  
Total Number of Mortgage Applications 4,352
Total Mortgage Loan Application Amount $874,632,000
Average Mortgage Loan Application Amount $196,643
Highest Mortgage Loan Application Amount $2,371,000
Average Applicant Income $70,232
Highest Applicant Income $2,260,000
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Mortgage Loan Application Detail Totals for Ame Financial Corporation in 2008

Loan Purpose

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Refinancing 2,608 $551,372,000 $211,000 $2,371,000 $66,000 $745,000
Home Purchase 1,823 $339,433,000 $186,000 $1,406,000 $72,000 $2,260,000
Home Improvement 4 $1,073,000 $268,000 $417,000 $87,000 $105,000

Applicant Race

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
White 2,483 $520,843,000 $209,000 $2,371,000 $76,000 $2,260,000
Black or African American 936 $165,069,000 $176,000 $1,050,000 $53,000 $649,000
Not Provided 540 $106,782,000 $197,000 $655,000 $60,000 $480,000
Hispanic 243 $49,468,000 $203,000 $937,000 $59,000 $378,000
Asian 200 $44,085,000 $220,000 $600,000 $82,000 $766,000
American Indian or Alaskan Native 17 $2,200,000 $129,000 $272,000 $50,000 $126,000
Native Hawaiin or Other Pacific Islander 16 $3,431,000 $214,000 $467,000 $74,000 $120,000
Not applicable 0 $0 $0 $0 $0 $0

Loan Type

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 2,227 $485,663,000 $218,000 $2,371,000 $89,000 $2,260,000
FHA-insured (Federal Housing Administration) 2,107 $383,947,000 $182,000 $730,000 $49,000 $336,000
VA-guaranteed (Veterans Administration) 97 $21,769,000 $224,000 $407,000 $43,000 $210,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 4 $499,000 $124,000 $173,000 $6,000 $26,000

Outcome

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Loan Originated 2,097 $421,868,000 $201,000 $2,371,000 $69,000 $2,260,000
Application Withdrawn By Applicant 1,574 $315,978,000 $200,000 $1,406,000 $73,000 $745,000
Application Denied By Financial Institution 479 $94,665,000 $197,000 $1,815,000 $72,000 $597,000
Loan Purchased By The Institution 244 $50,934,000 $208,000 $522,000 $39,000 $324,000
File Closed For Incompleteness 31 $6,353,000 $204,000 $685,000 $71,000 $224,000
Application Approved But Not Accepted 5 $947,000 $189,000 $276,000 $73,000 $109,000
Preapproval Denied by Financial Institution 3 $665,000 $221,000 $325,000 $71,000 $112,000
Preapproval Approved but not Accepted 2 $468,000 $234,000 $309,000 $58,000 $73,000

Denial Reason

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Credit History 61 $11,365,000 $186,000 $392,000 $57,000 $279,000
Debt-To-Income Ratio 44 $8,893,000 $202,000 $648,000 $53,000 $131,000
Other 42 $8,540,000 $203,000 $417,000 $94,000 $339,000
Collateral 17 $3,508,000 $206,000 $344,000 $77,000 $221,000
Unverifiable Information 9 $2,142,000 $238,000 $368,000 $74,000 $169,000
Employment History 7 $1,490,000 $212,000 $464,000 $97,000 $202,000
Insufficient Cash (Downpayment, Closing Cost) 1 $119,000 $119,000 $119,000 $47,000 $47,000
Credit Application Incomplete 1 $143,000 $143,000 $143,000 $70,000 $70,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
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