Ame Financial Mortgage Lending & HMDA Data, 2005
In 2005, Ame Financial of Norcross, GA reported 3,225 mortgage applications totaling $602.4 million, up 138% from 2004. The average application was for $186,789, and applicants reported an average income of $87,093. 18% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Atlanta-Sandy Springs-Marietta, GA (1,697), Asheville, NC (180) and Columbus, GA-AL (74) (applications in parentheses).
| Mortgage Company & Address | Ame Financial 4036 Wetherburn Way Norcross, GA 30092 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2005 2004 |
| Total Number of Mortgage Applications | 3,225 |
| Total Mortgage Loan Application Amount | $602,395,000 |
| Average Mortgage Loan Application Amount | $186,789 |
| Highest Mortgage Loan Application Amount | $1,800,000 |
| Average Applicant Income | $87,093 |
| Highest Applicant Income | $600,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Ame Financial filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Atlanta-Sandy Springs-Marietta, GA | 1,697 | $ 307,531,000 | $ 181,220 | $ 82,000 |
| Asheville, NC | 180 | $ 30,795,000 | $ 171,083 | $ 70,000 |
| Columbus, GA-AL | 74 | $ 7,412,000 | $ 100,162 | $ 71,000 |
| Athens-Clarke County, GA | 66 | $ 9,588,000 | $ 145,272 | $ 55,000 |
| Chicago-Naperville-Joliet, IL | 52 | $ 11,256,000 | $ 216,461 | $ 89,000 |
| Baltimore-Towson, MD | 51 | $ 9,752,000 | $ 191,215 | $ 91,000 |
| Chattanooga, TN-GA | 33 | $ 4,440,000 | $ 134,545 | $ 64,000 |
| Wilmington, NC | 31 | $ 7,236,000 | $ 233,419 | $ 121,000 |
| Gainesville, GA | 25 | $ 4,330,000 | $ 173,200 | $ 78,000 |
| Orlando, FL | 25 | $ 5,091,000 | $ 203,640 | $ 99,000 |
| Raleigh-Cary, NC | 24 | $ 5,542,000 | $ 230,916 | $ 95,000 |
| Bethesda-Frederick-Gaithersburg, MD | 23 | $ 6,028,000 | $ 262,086 | $ 90,000 |
| Charlotte-Gastonia-Concord, NC-SC | 20 | $ 4,101,000 | $ 205,050 | $ 104,000 |
| Nashville-Davidson--Murfreesboro, TN | 19 | $ 3,050,000 | $ 160,526 | $ 63,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 19 | $ 4,055,000 | $ 213,421 | $ 80,000 |
| Tampa-St. Petersburg-Clearwater, FL | 16 | $ 2,269,000 | $ 141,812 | $ 83,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 16 | $ 3,723,000 | $ 232,687 | $ 100,000 |
| Richmond, VA | 15 | $ 3,189,000 | $ 212,600 | $ 111,000 |
| Macon, GA | 13 | $ 2,302,000 | $ 177,076 | $ 92,000 |
| St. Louis, MO-IL | 12 | $ 2,216,000 | $ 184,666 | $ 103,000 |
| Charleston-North Charleston, SC | 11 | $ 3,641,000 | $ 331,000 | $ 127,000 |
| Auburn-Opelika, AL | 10 | $ 1,265,000 | $ 126,500 | $ 82,000 |
| Jacksonville, FL | 10 | $ 2,617,000 | $ 261,700 | $ 106,000 |
| Warren-Farmington Hills-Troy, MI | 10 | $ 1,714,000 | $ 171,400 | $ 73,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 9 | $ 2,174,000 | $ 241,555 | $ 89,000 |
| Memphis, TN-MS-AR | 9 | $ 1,856,000 | $ 206,222 | $ 78,000 |
| Birmingham-Hoover, AL | 8 | $ 1,329,000 | $ 166,125 | $ 76,000 |
| Cleveland, TN | 8 | $ 661,000 | $ 82,625 | $ 50,000 |
| Columbia, SC | 8 | $ 1,591,000 | $ 198,875 | $ 109,000 |
| Port St. Lucie-Fort Pierce, FL | 8 | $ 1,837,000 | $ 229,625 | $ 114,000 |
| Brunswick, GA | 7 | $ 1,432,000 | $ 204,571 | $ 178,000 |
| Denver-Aurora, CO | 7 | $ 1,925,000 | $ 275,000 | $ 103,000 |
| Durham, NC | 7 | $ 1,403,000 | $ 200,428 | $ 100,000 |
| Greensboro-High Point, NC | 7 | $ 1,151,000 | $ 164,428 | $ 68,000 |
| Lakeland, FL | 7 | $ 946,000 | $ 135,142 | $ 118,000 |
| Panama City-Lynn Haven, FL | 7 | $ 926,000 | $ 132,285 | $ 115,000 |
| Savannah, GA | 7 | $ 1,454,000 | $ 207,714 | $ 97,000 |
| Seattle-Bellevue-Everett, WA | 7 | $ 1,571,000 | $ 224,428 | $ 89,000 |
| Warner Robins, GA | 7 | $ 845,000 | $ 120,714 | $ 71,000 |
| Bridgeport-Stamford-Norwalk, CT | 6 | $ 2,182,000 | $ 363,666 | $ 101,000 |
| Fort Walton Beach-Crestview-Destin, FL | 6 | $ 1,655,000 | $ 275,833 | $ 134,000 |
| Greenville, SC | 6 | $ 894,000 | $ 149,000 | $ 62,000 |
| Hartford-West Hartford-East Hartford, CT | 6 | $ 1,314,000 | $ 219,000 | $ 92,000 |
| Knoxville, TN | 6 | $ 1,524,000 | $ 254,000 | $ 110,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC | 6 | $ 1,214,000 | $ 202,333 | $ 115,000 |
| New Orleans-Metairie-Kenner, LA | 6 | $ 1,295,000 | $ 215,833 | $ 128,000 |
| Albuquerque, NM | 5 | $ 900,000 | $ 180,000 | $ 96,000 |
| Augusta-Richmond County, GA-SC | 5 | $ 875,000 | $ 175,000 | $ 73,000 |
| Cape Coral-Fort Myers, FL | 5 | $ 1,222,000 | $ 244,400 | $ 118,000 |
| Roanoke, VA | 5 | $ 979,000 | $ 195,800 | $ 112,000 |
| Tallahassee, FL | 5 | $ 461,000 | $ 92,200 | $ 73,000 |
| Charlottesville, VA | 4 | $ 753,000 | $ 188,250 | $ 101,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 4 | $ 456,000 | $ 114,000 | $ 42,000 |
| Gary, IN | 4 | $ 548,000 | $ 137,000 | $ 63,000 |
| Naples-Marco Island, FL | 4 | $ 852,000 | $ 213,000 | $ 312,000 |
| New Haven-Milford, CT | 4 | $ 959,000 | $ 239,750 | $ 72,000 |
| Shreveport-Bossier City, LA | 4 | $ 611,000 | $ 152,750 | $ 84,000 |
| South Bend-Mishawaka, IN-MI | 4 | $ 531,000 | $ 132,750 | $ 75,000 |
| Tacoma, WA | 4 | $ 986,000 | $ 246,500 | $ 67,000 |
| Detroit-Livonia-Dearborn, MI | 3 | $ 704,000 | $ 234,666 | $ 134,000 |
| Dothan, AL | 3 | $ 367,000 | $ 122,333 | $ 68,000 |
| Little Rock-North Little Rock, AR | 3 | $ 484,000 | $ 161,333 | $ 85,000 |
| Montgomery, AL | 3 | $ 368,000 | $ 122,666 | $ 76,000 |
| Norwich-New London, CT | 3 | $ 638,000 | $ 212,666 | $ 151,000 |
| Rome, GA | 3 | $ 507,000 | $ 169,000 | $ 98,000 |
| Spokane, WA | 3 | $ 576,000 | $ 192,000 | $ 111,000 |
| Wichita, KS | 3 | $ 595,000 | $ 198,333 | $ 86,000 |
| Ann Arbor, MI | 2 | $ 411,000 | $ 205,500 | $ 68,000 |
| Decatur, AL | 2 | $ 180,000 | $ 90,000 | $ 88,000 |
| Decatur, IL | 2 | $ 436,000 | $ 218,000 | $ 89,000 |
| Fayetteville, NC | 2 | $ 273,000 | $ 136,500 | $ 70,000 |
| Gadsden, AL | 2 | $ 314,000 | $ 157,000 | $ 129,000 |
| Grand Rapids-Wyoming, MI | 2 | $ 471,000 | $ 235,500 | $ 97,000 |
| Harrisonburg, VA | 2 | $ 548,000 | $ 274,000 | $ 87,000 |
| Holland-Grand Haven, MI | 2 | $ 302,000 | $ 151,000 | $ 62,000 |
| Huntsville, AL | 2 | $ 290,000 | $ 145,000 | $ 70,000 |
| Jacksonville, NC | 2 | $ 445,000 | $ 222,500 | $ 108,000 |
| Kankakee-Bradley, IL | 2 | $ 364,000 | $ 182,000 | $ 82,000 |
| Kansas City, MO-KS | 2 | $ 143,000 | $ 71,500 | $ 97,000 |
| Lake County-Kenosha County, IL-WI | 2 | $ 334,000 | $ 167,000 | $ 57,000 |
| Las Cruces, NM | 2 | $ 471,000 | $ 235,500 | $ 60,000 |
| Mobile, AL | 2 | $ 171,000 | $ 85,500 | $ 16,000 |
| Pascagoula, MS | 2 | $ 394,000 | $ 197,000 | $ 57,000 |
| Phoenix-Mesa-Scottsdale, AZ | 2 | $ 387,000 | $ 193,500 | $ 47,000 |
| Spartanburg, SC | 2 | $ 373,000 | $ 186,500 | $ 106,000 |
| Tucson, AZ | 2 | $ 409,000 | $ 204,500 | $ 51,000 |
| Winchester, VA-WV | 2 | $ 195,000 | $ 97,500 | $ 39,000 |
| Anderson, SC | 1 | $ 350,000 | $ 350,000 | $ 182,000 |
| Baton Rouge, LA | 1 | $ 127,000 | $ 127,000 | $ 152,000 |
| Bellingham, WA | 1 | $ 243,000 | $ 243,000 | $ 33,000 |
| Blacksburg-Christiansburg-Radford, VA | 1 | $ 104,000 | $ 104,000 | $ 30,000 |
| Boulder, CO | 1 | $ 269,000 | $ 269,000 | $ 120,000 |
| Bremerton-Silverdale, WA | 1 | $ 320,000 | $ 320,000 | $ 85,000 |
| Burlington, NC | 1 | $ 150,000 | $ 150,000 | $ 93,000 |
| Colorado Springs, CO | 1 | $ 319,000 | $ 319,000 | $ 130,000 |
| Dalton, GA | 1 | $ 74,000 | $ 74,000 | $ 32,000 |
| Danville, IL | 1 | $ 165,000 | $ 165,000 | $ 99,000 |
| Flint, MI | 1 | $ 165,000 | $ 165,000 | $ 130,000 |
| Florence, SC | 1 | $ 130,000 | $ 130,000 | $ 0 |
| Gainesville, FL | 1 | $ 156,000 | $ 156,000 | $ 344,000 |
| Hagerstown-Martinsburg, MD-WV | 1 | $ 327,000 | $ 327,000 | $ 85,000 |
| Hickory-Lenoir-Morganton, NC | 1 | $ 190,000 | $ 190,000 | $ 72,000 |
| Hinesville-Fort Stewart, GA | 1 | $ 227,000 | $ 227,000 | $ 256,000 |
| Jackson, MS | 1 | $ 158,000 | $ 158,000 | $ 36,000 |
| Johnson City, TN | 1 | $ 97,000 | $ 97,000 | $ 19,000 |
| Joplin, MO | 1 | $ 62,000 | $ 62,000 | $ 25,000 |
| Kalamazoo-Portage, MI | 1 | $ 206,000 | $ 206,000 | $ 126,000 |
| Lafayette, IN | 1 | $ 126,000 | $ 126,000 | $ 54,000 |
| Louisville, KY-IN | 1 | $ 48,000 | $ 48,000 | $ 78,000 |
| Lynchburg, VA | 1 | $ 175,000 | $ 175,000 | $ 44,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 171,000 | $ 171,000 | $ 85,000 |
| New York-Wayne-White Plains, NY-NJ | 1 | $ 112,000 | $ 112,000 | $ 43,000 |
| Niles-Benton Harbor, MI | 1 | $ 240,000 | $ 240,000 | $ 99,000 |
| Ocala, FL | 1 | $ 195,000 | $ 195,000 | $ 50,000 |
| Olympia, WA | 1 | $ 196,000 | $ 196,000 | $ 133,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 116,000 | $ 116,000 | $ 89,000 |
| Peoria, IL | 1 | $ 170,000 | $ 170,000 | $ 100,000 |
| Rockford, IL | 1 | $ 88,000 | $ 88,000 | $ 50,000 |
| Rocky Mount, NC | 1 | $ 228,000 | $ 228,000 | $ 84,000 |
| Sarasota-Bradenton-Venice, FL | 1 | $ 210,000 | $ 210,000 | $ 60,000 |
| Springfield, IL | 1 | $ 75,000 | $ 75,000 | $ 64,000 |
| Tuscaloosa, AL | 1 | $ 318,000 | $ 318,000 | $ 58,000 |
Mortgage Loan Application Detail Totals for Ame Financial in 2005
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 |
|---|---|---|---|---|---|---|
| Home Purchase | 1,909 | $340,832,000 | $184,666 | $1,000,000 | $95,125 | $600,000 |
| Refinancing | 1,316 | $261,563,000 | $202,391 | $1,800,000 | $82,913 | $582,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 2,381 | $457,069,000 | $195,958 | $1,800,000 | $101,166 | $600,000 |
| Black or African American | 382 | $57,842,000 | $141,583 | $1,000,000 | $71,500 | $341,000 |
| Not Provided | 203 | $40,544,000 | $196,952 | $656,000 | $71,000 | $450,000 |
| Asian | 137 | $27,494,000 | $240,933 | $752,000 | $101,933 | $384,000 |
| Hispanic | 95 | $14,865,000 | $147,600 | $442,000 | $67,400 | $252,000 |
| Native Hawaiian or Other Pacific Islander | 21 | $4,012,000 | $230,250 | $428,000 | $81,750 | $361,000 |
| American Indian or Alaskan Native | 6 | $569,000 | $134,500 | $194,000 | $68,500 | $96,000 |
| 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) | 3,211 | $600,490,000 | $189,920 | $1,800,000 | $91,840 | $600,000 |
| FHA-insured (Federal Housing Administration) | 13 | $1,697,000 | $117,000 | $198,000 | $40,333 | $84,000 |
| VA-guaranteed (Veterans Administration) | 1 | $208,000 | $208,000 | $208,000 | $46,000 | $46,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
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 Purchased By The Institution | 1,796 | $341,010,000 | $189,588 | $1,800,000 | $92,764 | $600,000 |
| Application Withdrawn By Applicant | 584 | $107,034,000 | $188,869 | $1,000,000 | $81,217 | $600,000 |
| Loan Originated | 567 | $102,903,000 | $197,450 | $552,000 | $95,950 | $360,000 |
| Application Denied By Financial Institution | 278 | $51,448,000 | $200,190 | $732,000 | $99,761 | $486,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 |
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 |
|---|---|---|---|---|---|---|
| Mortgage Insurance Denied | 76 | $15,085,000 | $185,875 | $650,000 | $93,437 | $474,000 |
| Credit History | 72 | $13,811,000 | $231,357 | $732,000 | $104,500 | $288,000 |
| Collateral | 41 | $6,943,000 | $197,000 | $426,000 | $117,666 | $344,000 |
| Debt-To-Income Ratio | 32 | $4,974,000 | $210,625 | $500,000 | $82,750 | $182,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 24 | $4,428,000 | $188,000 | $338,000 | $111,000 | $486,000 |
| Other | 20 | $4,250,000 | $202,250 | $566,000 | $74,000 | $344,000 |
| Unverifiable Information | 6 | $786,000 | $125,250 | $200,000 | $186,250 | $471,000 |
| Employment History | 5 | $689,000 | $137,000 | $212,000 | $96,000 | $276,000 |
| Credit Application Incomplete | 1 | $248,000 | $248,000 | $248,000 | $164,000 | $164,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Ame Financial's 2005 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Ame Financial's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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