Foundation Financial Group Mortgage Lending & HMDA Data, 2007

In 2007, Foundation Financial Group of Atlanta, GA reported 346 mortgage applications totaling $55.3 million. The average application was for $159,939, and applicants reported an average income of $67,881. 0% of its applications resulted in an originated loan and 100% were denied. Its largest markets were Atlanta-Sandy Springs-Marietta, GA (66), Jacksonville, FL (15) and Pittsburgh, PA (11) (applications in parentheses).

Mortgage Company & Address Foundation Financial Group
100 Galleria Pkwy, Suite 1400
Atlanta, GA 30339
Tel #: available with data download
Federal Regulator * available with data download
Years 2008  2007  
Total Number of Mortgage Applications 346
Total Mortgage Loan Application Amount $55,339,000
Average Mortgage Loan Application Amount $159,939
Highest Mortgage Loan Application Amount $600,000
Average Applicant Income $67,881
Highest Applicant Income $445,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Foundation Financial Group filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

Mortgage Loan Application Totals for Foundation Financial Group by County in 2007

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
DeKalb, Georgia 16 $ 2,319,000 $ 144,937 $ 70,000
Duval, Florida 14 $ 1,995,000 $ 142,500 $ 87,000
Fulton, Georgia 13 $ 1,910,000 $ 146,923 $ 83,000
Gwinnett, Georgia 11 $ 2,563,000 $ 233,000 $ 69,000
Allegheny, Pennsylvania 8 $ 709,000 $ 88,625 $ 46,000
Jefferson, Alabama 7 $ 862,000 $ 123,142 $ 58,000
Polk, Florida 6 $ 1,117,000 $ 186,166 $ 73,000
Miami-Dade, Florida 5 $ 1,147,000 $ 229,400 $ 63,000
Clayton, Georgia 5 $ 658,000 $ 131,600 $ 56,000
Cobb, Georgia 5 $ 645,000 $ 129,000 $ 65,000
Douglas, Georgia 5 $ 525,000 $ 105,000 $ 53,000
Mobile, Alabama 4 $ 893,000 $ 223,250 $ 73,000
Henry, Georgia 4 $ 644,000 $ 161,000 $ 42,000
Baltimore, Maryland 4 $ 645,000 $ 161,250 $ 50,000
Plymouth, Massachusetts 4 $ 1,077,000 $ 269,250 $ 102,000
Monroe, Pennsylvania 4 $ 684,000 $ 171,000 $ 73,000
Philadelphia, Pennsylvania 4 $ 280,000 $ 70,000 $ 58,000
Madison, Alabama 3 $ 255,000 $ 85,000 $ 51,000
Marion, Florida 3 $ 370,000 $ 123,333 $ 125,000
Orange, Florida 3 $ 875,000 $ 291,666 $ 70,000
Pinellas, Florida 3 $ 468,000 $ 156,000 $ 36,000
Houston, Georgia 3 $ 480,000 $ 160,000 $ 163,000
Prince George's, Maryland 3 $ 620,000 $ 206,666 $ 99,000
Barnstable, Massachusetts 3 $ 698,000 $ 232,666 $ 56,000
Berks, Pennsylvania 3 $ 310,000 $ 103,333 $ 42,000
Delaware, Pennsylvania 3 $ 1,085,000 $ 361,666 $ 216,000
Franklin, Pennsylvania 3 $ 342,000 $ 114,000 $ 64,000
Northampton, Pennsylvania 3 $ 410,000 $ 136,666 $ 83,000
York, South Carolina 3 $ 430,000 $ 143,333 $ 42,000
Baldwin, Alabama 2 $ 254,000 $ 127,000 $ 67,000
Calhoun, Alabama 2 $ 164,000 $ 82,000 $ 97,000
Dallas, Alabama 2 $ 180,000 $ 90,000 $ 31,000
Etowah, Alabama 2 $ 680,000 $ 340,000 $ 124,000
Morgan, Alabama 2 $ 307,000 $ 153,500 $ 62,000
Tallapoosa, Alabama 2 $ 437,000 $ 218,500 $ 91,000
El Paso, Colorado 2 $ 145,000 $ 72,500 $ 84,000
New Haven, Connecticut 2 $ 460,000 $ 230,000 $ 62,000
New London, Connecticut 2 $ 424,000 $ 212,000 $ 66,000
Hillsborough, Florida 2 $ 297,000 $ 148,500 $ 48,000
Lee, Florida 2 $ 396,000 $ 198,000 $ 59,000
Palm Beach, Florida 2 $ 336,000 $ 168,000 $ 63,000
Putnam, Florida 2 $ 163,000 $ 81,500 $ 29,000
Volusia, Florida 2 $ 300,000 $ 150,000 $ 78,000
Bibb, Georgia 2 $ 535,000 $ 267,500 $ 138,000
McDuffie, Georgia 2 $ 258,000 $ 129,000 $ 40,000
Whitfield, Georgia 2 $ 52,000 $ 26,000 $ 51,000
Anne Arundel, Maryland 2 $ 330,000 $ 165,000 $ 114,000
Montgomery, Maryland 2 $ 282,000 $ 141,000 $ 46,000
St. Mary's, Maryland 2 $ 350,000 $ 175,000 $ 85,000
Essex, Massachusetts 2 $ 493,000 $ 246,500 $ 112,000
Middlesex, Massachusetts 2 $ 539,000 $ 269,500 $ 61,000
Worcester, Massachusetts 2 $ 638,000 $ 319,000 $ 100,000
Dauphin, Pennsylvania 2 $ 228,000 $ 114,000 $ 58,000
Lackawanna, Pennsylvania 2 $ 264,000 $ 132,000 $ 45,000
Schuylkill, Pennsylvania 2 $ 174,000 $ 87,000 $ 57,000
Westmoreland, Pennsylvania 2 $ 383,000 $ 191,500 $ 52,000
Richland, South Carolina 2 $ 259,000 $ 129,500 $ 63,000
Spartanburg, South Carolina 2 $ 92,000 $ 46,000 $ 55,000
Sumter, South Carolina 2 $ 277,000 $ 138,500 $ 44,000
Anderson, Tennessee 2 $ 349,000 $ 174,500 $ 39,000
Davidson, Tennessee 2 $ 348,000 $ 174,000 $ 84,000
Dickson, Tennessee 2 $ 125,000 $ 62,500 $ 30,000
Shelby, Tennessee 2 $ 417,000 $ 208,500 $ 73,000
Augusta, Virginia 2 $ 176,000 $ 88,000 $ 83,000
Frederick, Virginia 2 $ 412,000 $ 206,000 $ 57,000
Blount, Alabama 1 $ 62,000 $ 62,000 $ 19,000
Cleburne, Alabama 1 $ 144,000 $ 144,000 $ 63,000
Cullman, Alabama 1 $ 243,000 $ 243,000 $ 49,000
DeKalb, Alabama 1 $ 62,000 $ 62,000 $ 22,000
Franklin, Alabama 1 $ 115,000 $ 115,000 $ 90,000
Geneva, Alabama 1 $ 68,000 $ 68,000 $ 79,000
Lee, Alabama 1 $ 109,000 $ 109,000 $ 34,000
Limestone, Alabama 1 $ 102,000 $ 102,000 $ 33,000
Montgomery, Alabama 1 $ 146,000 $ 146,000 $ 47,000
Shelby, Alabama 1 $ 231,000 $ 231,000 $ 79,000
Talladega, Alabama 1 $ 78,000 $ 78,000 $ 42,000
Adams, Colorado 1 $ 288,000 $ 288,000 $ 79,000
Jefferson, Colorado 1 $ 470,000 $ 470,000 $ 130,000
Weld, Colorado 1 $ 173,000 $ 173,000 $ 61,000
Hartford, Connecticut 1 $ 158,000 $ 158,000 $ 70,000
Litchfield, Connecticut 1 $ 115,000 $ 115,000 $ 48,000
Alachua, Florida 1 $ 123,000 $ 123,000 $ 31,000
Bay, Florida 1 $ 93,000 $ 93,000 $ 26,000
Brevard, Florida 1 $ 230,000 $ 230,000 $ 86,000
Broward, Florida 1 $ 218,000 $ 218,000 $ 41,000
Charlotte, Florida 1 $ 491,000 $ 491,000 $ 162,000
Columbia, Florida 1 $ 155,000 $ 155,000 $ 115,000
Escambia, Florida 1 $ 161,000 $ 161,000 $ 95,000
Hendry, Florida 1 $ 80,000 $ 80,000 $ 63,000
Manatee, Florida 1 $ 125,000 $ 125,000 $ 25,000
Osceola, Florida 1 $ 176,000 $ 176,000 $ 79,000
St. Johns, Florida 1 $ 288,000 $ 288,000 $ 84,000
Washington, Florida 1 $ 89,000 $ 89,000 $ 27,000
Brantley, Georgia 1 $ 157,000 $ 157,000 $ 49,000
Butts, Georgia 1 $ 155,000 $ 155,000 $ 46,000
Carroll, Georgia 1 $ 108,000 $ 108,000 $ 83,000
Catoosa, Georgia 1 $ 450,000 $ 450,000 $ 168,000
Chatham, Georgia 1 $ 74,000 $ 74,000 $ 33,000
Cherokee, Georgia 1 $ 186,000 $ 186,000 $ 57,000
Crisp, Georgia 1 $ 252,000 $ 252,000 $ 85,000
Dawson, Georgia 1 $ 124,000 $ 124,000 $ 60,000
Dougherty, Georgia 1 $ 63,000 $ 63,000 $ 38,000
Forsyth, Georgia 1 $ 132,000 $ 132,000 $ 89,000
Gordon, Georgia 1 $ 232,000 $ 232,000 $ 44,000
Greene, Georgia 1 $ 77,000 $ 77,000 $ 48,000
Hall, Georgia 1 $ 125,000 $ 125,000 $ 41,000
Haralson, Georgia 1 $ 158,000 $ 158,000 $ 42,000
Harris, Georgia 1 $ 174,000 $ 174,000 $ 95,000
Hart, Georgia 1 $ 132,000 $ 132,000 $ 118,000
Laurens, Georgia 1 $ 53,000 $ 53,000 $ 21,000
Lowndes, Georgia 1 $ 104,000 $ 104,000 $ 25,000
Lumpkin, Georgia 1 $ 225,000 $ 225,000 $ 86,000
Madison, Georgia 1 $ 229,000 $ 229,000 $ 47,000
Marion, Georgia 1 $ 153,000 $ 153,000 $ 55,000
Mitchell, Georgia 1 $ 131,000 $ 131,000 $ 96,000
Murray, Georgia 1 $ 74,000 $ 74,000 $ 49,000
Newton, Georgia 1 $ 131,000 $ 131,000 $ 60,000
Polk, Georgia 1 $ 244,000 $ 244,000 $ 83,000
Richmond, Georgia 1 $ 98,000 $ 98,000 $ 45,000
Toombs, Georgia 1 $ 157,000 $ 157,000 $ 117,000
Walker, Georgia 1 $ 204,000 $ 204,000 $ 106,000
White, Georgia 1 $ 100,000 $ 100,000 $ 28,000
Allegany, Maryland 1 $ 111,000 $ 111,000 $ 47,000
Baltimore City, Maryland 1 $ 103,000 $ 103,000 $ 38,000
Carroll, Maryland 1 $ 191,000 $ 191,000 $ 47,000
Cecil, Maryland 1 $ 203,000 $ 203,000 $ 55,000
Queen Anne's, Maryland 1 $ 160,000 $ 160,000 $ 44,000
Washington, Maryland 1 $ 396,000 $ 396,000 $ 105,000
Bristol, Massachusetts 1 $ 193,000 $ 193,000 $ 39,000
Norfolk, Massachusetts 1 $ 312,000 $ 312,000 $ 103,000
Charlevoix, Michigan 1 $ 159,000 $ 159,000 $ 45,000
Manistee, Michigan 1 $ 136,000 $ 136,000 $ 42,000
Oceana, Michigan 1 $ 109,000 $ 109,000 $ 30,000
Burke, North Carolina 1 $ 324,000 $ 324,000 $ 102,000
Beaver, Pennsylvania 1 $ 140,000 $ 140,000 $ 63,000
Bedford, Pennsylvania 1 $ 73,000 $ 73,000 $ 28,000
Blair, Pennsylvania 1 $ 50,000 $ 50,000 $ 16,000
Bucks, Pennsylvania 1 $ 310,000 $ 310,000 $ 198,000
Cambria, Pennsylvania 1 $ 116,000 $ 116,000 $ 30,000
Carbon, Pennsylvania 1 $ 128,000 $ 128,000 $ 34,000
Clinton, Pennsylvania 1 $ 138,000 $ 138,000 $ 45,000
Indiana, Pennsylvania 1 $ 96,000 $ 96,000 $ 31,000
Lebanon, Pennsylvania 1 $ 136,000 $ 136,000 $ 42,000
Lycoming, Pennsylvania 1 $ 102,000 $ 102,000 $ 56,000
Mifflin, Pennsylvania 1 $ 172,000 $ 172,000 $ 41,000
Perry, Pennsylvania 1 $ 60,000 $ 60,000 $ 37,000
Pike, Pennsylvania 1 $ 240,000 $ 240,000 $ 42,000
York, Pennsylvania 1 $ 101,000 $ 101,000 $ 59,000
Anderson, South Carolina 1 $ 235,000 $ 235,000 $ 98,000
Beaufort, South Carolina 1 $ 136,000 $ 136,000 $ 42,000
Berkeley, South Carolina 1 $ 173,000 $ 173,000 $ 60,000
Charleston, South Carolina 1 $ 37,000 $ 37,000 $ 69,000
Dorchester, South Carolina 1 $ 140,000 $ 140,000 $ 60,000
Greenville, South Carolina 1 $ 155,000 $ 155,000 $ 118,000
Horry, South Carolina 1 $ 149,000 $ 149,000 $ 374,000
Laurens, South Carolina 1 $ 152,000 $ 152,000 $ 45,000
Lexington, South Carolina 1 $ 92,000 $ 92,000 $ 82,000
Pickens, South Carolina 1 $ 117,000 $ 117,000 $ 49,000
Union, South Carolina 1 $ 80,000 $ 80,000 $ 74,000
Bledsoe, Tennessee 1 $ 71,000 $ 71,000 $ 40,000
Bradley, Tennessee 1 $ 51,000 $ 51,000 $ 36,000
Chester, Tennessee 1 $ 235,000 $ 235,000 $ 74,000
Giles, Tennessee 1 $ 123,000 $ 123,000 $ 39,000
Humphreys, Tennessee 1 $ 56,000 $ 56,000 $ 39,000
Lake, Tennessee 1 $ 57,000 $ 57,000 $ 15,000
Madison, Tennessee 1 $ 68,000 $ 68,000 $ 35,000
Monroe, Tennessee 1 $ 191,000 $ 191,000 $ 46,000
Putnam, Tennessee 1 $ 57,000 $ 57,000 $ 22,000
Smith, Tennessee 1 $ 200,000 $ 200,000 $ 164,000
Williamson, Tennessee 1 $ 245,000 $ 245,000 $ 78,000
Caroline, Virginia 1 $ 382,000 $ 382,000 $ 86,000
Charlottesville, Virginia 1 $ 226,000 $ 226,000 $ 34,000
Chesapeake, Virginia 1 $ 156,000 $ 156,000 $ 47,000
Gloucester, Virginia 1 $ 164,000 $ 164,000 $ 28,000
Halifax, Virginia 1 $ 56,000 $ 56,000 $ 16,000
King William, Virginia 1 $ 217,000 $ 217,000 $ 48,000
Lexington, Virginia 1 $ 174,000 $ 174,000 $ 27,000
Louisa, Virginia 1 $ 88,000 $ 88,000 $ 14,000
Richmond City, Virginia 1 $ 132,000 $ 132,000 $ 25,000
Roanoke, Virginia 1 $ 231,000 $ 231,000 $ 90,000
Rockingham, Virginia 1 $ 124,000 $ 124,000 $ 19,000
Spotsylvania, Virginia 1 $ 225,000 $ 225,000 $ 87,000
Milwaukee, Wisconsin 1 $ 112,000 $ 112,000 $ 35,000
Waushara, Wisconsin 1 $ 138,000 $ 138,000 $ 43,000

Mortgage Loan Application Detail Totals for Foundation Financial Group in 2007

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 315 $50,838,000 $161,000 $600,000 $66,000 $445,000
Home Purchase 31 $4,501,000 $145,000 $299,000 $87,000 $360,000
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 190 $32,076,000 $168,000 $600,000 $73,000 $445,000
Black or African American 78 $11,216,000 $143,000 $429,000 $63,000 $360,000
Not Provided 67 $10,144,000 $151,000 $470,000 $59,000 $144,000
Hispanic 10 $1,667,000 $166,000 $268,000 $60,000 $96,000
American Indian or Alaskan Native 1 $236,000 $236,000 $236,000 $56,000 $56,000
Asian 0 $0 $0 $0 $0 $0
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0
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) 346 $55,339,000 $159,000 $600,000 $68,000 $445,000
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

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
Application Denied By Financial Institution 346 $55,339,000 $159,000 $600,000 $68,000 $445,000
Application Withdrawn By Applicant 0 $0 $0 $0 $0 $0
File Closed For Incompleteness 0 $0 $0 $0 $0 $0
Loan Originated 0 $0 $0 $0 $0 $0
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
Application Approved But Not Accepted 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
Collateral 129 $19,353,000 $150,000 $594,000 $66,000 $360,000
Credit History 92 $16,072,000 $174,000 $600,000 $70,000 $445,000
Other 70 $10,517,000 $150,000 $470,000 $66,000 $207,000
Debt-To-Income Ratio 20 $3,137,000 $156,000 $396,000 $68,000 $182,000
Employment History 15 $2,702,000 $180,000 $429,000 $86,000 $374,000
Insufficient Cash (Downpayment, Closing Cost) 8 $1,171,000 $146,000 $230,000 $50,000 $83,000
Unverifiable Information 7 $1,591,000 $227,000 $508,000 $75,000 $130,000
Credit Application Incomplete 5 $796,000 $159,000 $300,000 $68,000 $174,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Foundation Financial Group's 2007 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 Foundation Financial Group'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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