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GMAC BANK 1100 VIRGINIA DRIVE
FT. WASHINGTON, 19034

2008 Mortgage Research Cherokee North Carolina US
Total Applications 46 6,967 215,340
Average Loan $173.2k $187.0k $213.1k
Loan to Income Ratio 2.94 2.17 2.29
Subprime Loans 2.73% 2.97%
Refinancing Loans 58.70% 52.00% 57.69%
Principal Dwellings 50% 88.82% 90.31%
Rejected Applications
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