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records Foundation Financial Group filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| 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 | 66 | $ 10,258,000 | $ 155,424 | $ 67,000 |
| Jacksonville, FL | 15 | $ 2,283,000 | $ 152,200 | $ 86,000 |
| Pittsburgh, PA | 11 | $ 1,232,000 | $ 112,000 | $ 48,000 |
| Baltimore-Towson, MD | 9 | $ 1,429,000 | $ 158,777 | $ 62,000 |
| Birmingham-Hoover, AL | 9 | $ 1,155,000 | $ 128,333 | $ 56,000 |
| Philadelphia, PA | 8 | $ 1,675,000 | $ 209,375 | $ 135,000 |
| Lakeland, FL | 6 | $ 1,117,000 | $ 186,166 | $ 73,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 6 | $ 918,000 | $ 153,000 | $ 78,000 |
| Boston-Quincy, MA | 5 | $ 1,389,000 | $ 277,800 | $ 102,000 |
| Miami-Miami Beach-Kendall, FL | 5 | $ 1,147,000 | $ 229,400 | $ 63,000 |
| Tampa-St. Petersburg-Clearwater, FL | 5 | $ 765,000 | $ 153,000 | $ 41,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 4 | $ 538,000 | $ 134,500 | $ 71,000 |
| Huntsville, AL | 4 | $ 357,000 | $ 89,250 | $ 47,000 |
| Mobile, AL | 4 | $ 893,000 | $ 223,250 | $ 73,000 |
| Orlando-Kissimmee, FL | 4 | $ 1,051,000 | $ 262,750 | $ 72,000 |
| Richmond, VA | 4 | $ 819,000 | $ 204,750 | $ 43,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 4 | $ 845,000 | $ 211,250 | $ 96,000 |
| Augusta-Richmond County, GA-SC | 3 | $ 356,000 | $ 118,666 | $ 41,000 |
| Barnstable Town, MA | 3 | $ 698,000 | $ 232,666 | $ 56,000 |
| Charleston-North Charleston, SC | 3 | $ 350,000 | $ 116,666 | $ 63,000 |
| Charlotte-Gastonia-Concord, NC-SC | 3 | $ 430,000 | $ 143,333 | $ 42,000 |
| Columbia, SC | 3 | $ 351,000 | $ 117,000 | $ 69,000 |
| Dalton, GA | 3 | $ 126,000 | $ 42,000 | $ 50,000 |
| Greenville-Mauldin-Easley, SC | 3 | $ 424,000 | $ 141,333 | $ 70,000 |
| Harrisburg-Carlisle, PA | 3 | $ 288,000 | $ 96,000 | $ 51,000 |
| Ocala, FL | 3 | $ 370,000 | $ 123,333 | $ 125,000 |
| Reading, PA | 3 | $ 310,000 | $ 103,333 | $ 42,000 |
| Warner Robins, GA | 3 | $ 480,000 | $ 160,000 | $ 163,000 |
| Anniston-Oxford, AL | 2 | $ 164,000 | $ 82,000 | $ 97,000 |
| Bethesda-Gaithersburg-Frederick, MD | 2 | $ 282,000 | $ 141,000 | $ 46,000 |
| Cambridge-Newton-Framingham, MA | 2 | $ 539,000 | $ 269,500 | $ 61,000 |
| Cape Coral-Fort Myers, FL | 2 | $ 396,000 | $ 198,000 | $ 59,000 |
| Chattanooga, TN-GA | 2 | $ 654,000 | $ 327,000 | $ 137,000 |
| Colorado Springs, CO | 2 | $ 145,000 | $ 72,500 | $ 84,000 |
| Columbus, GA-AL | 2 | $ 327,000 | $ 163,500 | $ 75,000 |
| Decatur, AL | 2 | $ 307,000 | $ 153,500 | $ 62,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 2 | $ 300,000 | $ 150,000 | $ 78,000 |
| Denver-Aurora, CO | 2 | $ 758,000 | $ 379,000 | $ 104,000 |
| Gadsden, AL | 2 | $ 680,000 | $ 340,000 | $ 124,000 |
| Jackson, TN | 2 | $ 303,000 | $ 151,500 | $ 54,000 |
| Knoxville, TN | 2 | $ 349,000 | $ 174,500 | $ 39,000 |
| Macon, GA | 2 | $ 535,000 | $ 267,500 | $ 138,000 |
| Memphis, TN-MS-AR | 2 | $ 417,000 | $ 208,500 | $ 73,000 |
| New Haven-Milford, CT | 2 | $ 460,000 | $ 230,000 | $ 62,000 |
| Norwich-New London, CT | 2 | $ 424,000 | $ 212,000 | $ 66,000 |
| Peabody, MA | 2 | $ 493,000 | $ 246,500 | $ 112,000 |
| Scranton--Wilkes-Barre, PA | 2 | $ 264,000 | $ 132,000 | $ 45,000 |
| Spartanburg, SC | 2 | $ 92,000 | $ 46,000 | $ 55,000 |
| Sumter, SC | 2 | $ 277,000 | $ 138,500 | $ 44,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 2 | $ 320,000 | $ 160,000 | $ 37,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 2 | $ 336,000 | $ 168,000 | $ 63,000 |
| Winchester, VA-WV | 2 | $ 412,000 | $ 206,000 | $ 57,000 |
| Worcester, MA | 2 | $ 638,000 | $ 319,000 | $ 100,000 |
| Albany, GA | 1 | $ 63,000 | $ 63,000 | $ 38,000 |
| Altoona, PA | 1 | $ 50,000 | $ 50,000 | $ 16,000 |
| Anderson, SC | 1 | $ 235,000 | $ 235,000 | $ 98,000 |
| Athens-Clarke County, GA | 1 | $ 229,000 | $ 229,000 | $ 47,000 |
| Auburn-Opelika, AL | 1 | $ 109,000 | $ 109,000 | $ 34,000 |
| Brunswick, GA | 1 | $ 157,000 | $ 157,000 | $ 49,000 |
| Charlottesville, VA | 1 | $ 226,000 | $ 226,000 | $ 34,000 |
| Cleveland, TN | 1 | $ 51,000 | $ 51,000 | $ 36,000 |
| Cumberland, MD-WV | 1 | $ 111,000 | $ 111,000 | $ 47,000 |
| Dothan, AL | 1 | $ 68,000 | $ 68,000 | $ 79,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 218,000 | $ 218,000 | $ 41,000 |
| Gainesville, FL | 1 | $ 123,000 | $ 123,000 | $ 31,000 |
| Gainesville, GA | 1 | $ 125,000 | $ 125,000 | $ 41,000 |
| Greeley, CO | 1 | $ 173,000 | $ 173,000 | $ 61,000 |
| Hagerstown-Martinsburg, MD-WV | 1 | $ 396,000 | $ 396,000 | $ 105,000 |
| Harrisonburg, VA | 1 | $ 124,000 | $ 124,000 | $ 19,000 |
| Hartford-West Hartford-East Hartford, CT | 1 | $ 158,000 | $ 158,000 | $ 70,000 |
| Hickory-Lenoir-Morganton, NC | 1 | $ 324,000 | $ 324,000 | $ 102,000 |
| Johnstown, PA | 1 | $ 116,000 | $ 116,000 | $ 30,000 |
| Lebanon, PA | 1 | $ 136,000 | $ 136,000 | $ 42,000 |
| Milwaukee-Waukesha-West Allis, WI | 1 | $ 112,000 | $ 112,000 | $ 35,000 |
| Montgomery, AL | 1 | $ 146,000 | $ 146,000 | $ 47,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC | 1 | $ 149,000 | $ 149,000 | $ 374,000 |
| Newark-Union, NJ-PA | 1 | $ 240,000 | $ 240,000 | $ 42,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 230,000 | $ 230,000 | $ 86,000 |
| Panama City-Lynn Haven, FL | 1 | $ 93,000 | $ 93,000 | $ 26,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 161,000 | $ 161,000 | $ 95,000 |
| Providence-New Bedford-Fall River, RI-MA | 1 | $ 193,000 | $ 193,000 | $ 39,000 |
| Punta Gorda, FL | 1 | $ 491,000 | $ 491,000 | $ 162,000 |
| Roanoke, VA | 1 | $ 231,000 | $ 231,000 | $ 90,000 |
| Sarasota-Bradenton-Venice, FL | 1 | $ 125,000 | $ 125,000 | $ 25,000 |
| Savannah, GA | 1 | $ 74,000 | $ 74,000 | $ 33,000 |
| Valdosta, GA | 1 | $ 104,000 | $ 104,000 | $ 25,000 |
| Williamsport, PA | 1 | $ 102,000 | $ 102,000 | $ 56,000 |
| Wilmington, DE-MD-NJ | 1 | $ 203,000 | $ 203,000 | $ 55,000 |
| York-Hanover, PA | 1 | $ 101,000 | $ 101,000 | $ 59,000 |
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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