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| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
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AMERICAN RESIDENTIAL MORTGAGE
Mortgage Loans and Application Details
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| Mortgage Company Name |
AMERICAN RESIDENTIAL MORTGAGE |
| Address | 802 N. 2ND STREET, SUITE A
CABOT, AR 72023 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2004 |
| All Data Years | 2003 2004 |
| Total Number of Mortgage Loan Applications Processed | 226 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $23,868,000 |
| Average Mortgage Loan Amount Applied For | $100,086 |
| Highest Mortgage Loan Amount Applied For | $360,000 |
| Average Applicant Income | $59,565 |
| Highest Applicant Income | $276,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
282 | $28,760,000 |
$101,000 | $330,000 |
$50,000 | $276,000 |
| Refinancing |
80 | $9,389,000 |
$117,000 | $900,000 |
$70,000 | $282,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
21 | $1,951,000 |
$92,000 | $165,000 |
$51,000 | $90,000 |
| Hispanic |
2 | $214,000 |
$107,000 | $127,000 |
$69,000 | $112,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
63 | $6,183,000 |
$98,000 | $315,000 |
$48,000 | $116,000 |
| White |
276 | $29,801,000 |
$107,000 | $900,000 |
$59,000 | $282,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
317 | $33,498,000 |
$105,000 | $900,000 |
$58,000 | $282,000 |
| FHA-insured (Federal Housing Administration) |
1 | $142,000 |
$142,000 | $142,000 |
$65,000 | $65,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
22 | $1,981,000 |
$90,000 | $140,000 |
$36,000 | $58,000 |
| VA-guaranteed (Veterans Administration) |
22 | $2,528,000 |
$114,000 | $184,000 |
$57,000 | $112,000 |
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| Application Approved But Not Accepted |
1 | $90,000 |
$90,000 | $90,000 |
$56,000 | $56,000 |
| Application Denied By Financial Institution |
117 | $11,792,000 |
$100,000 | $900,000 |
$53,000 | $282,000 |
| Application Withdrawn By Applicant |
115 | $12,790,000 |
$111,000 | $330,000 |
$60,000 | $276,000 |
| File Closed For Incompleteness |
22 | $2,584,000 |
$117,000 | $360,000 |
$51,000 | $126,000 |
| Loan Originated |
107 | $10,893,000 |
$101,000 | $296,000 |
$59,000 | $170,000 |
| 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 |
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| Collateral |
7 | $1,277,000 |
$182,000 | $314,000 |
$81,000 | $200,000 |
| Credit Application Incomplete |
5 | $620,000 |
$124,000 | $168,000 |
$49,000 | $78,000 |
| Credit History |
49 | $4,086,000 |
$83,000 | $165,000 |
$48,000 | $120,000 |
| Debt-To-Income Ratio |
3 | $250,000 |
$83,000 | $121,000 |
$39,000 | $85,000 |
| Employment History |
8 | $559,000 |
$69,000 | $100,000 |
$40,000 | $72,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
4 | $295,000 |
$73,000 | $105,000 |
$29,000 | $46,000 |
| Mortgage Insurance Denied |
2 | $121,000 |
$60,000 | $80,000 |
$71,000 | $110,000 |
| Other |
29 | $3,498,000 |
$120,000 | $900,000 |
$63,000 | $282,000 |
| Unverifiable Information |
2 | $165,000 |
$82,000 | $85,000 |
$42,000 | $50,000 |
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Mortgage Loan App Totals for AMERICAN RESIDENTIAL MORTGAGE by:
Metropolitan Area And
County
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