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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 | 235 EAST ROSELAWN AVENUE SUITE 12
MAPLEWOOD, MN 55117 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 650 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $122,787,000 |
| Average Mortgage Loan Amount Applied For | $165,185 |
| Highest Mortgage Loan Amount Applied For | $1,245,000 |
| Average Applicant Income | $125,888 |
| Highest Applicant Income | $1,512,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
358 | $64,709,000 |
$180,000 | $650,000 |
$106,000 | $1,446,000 |
| Refinancing |
292 | $58,078,000 |
$198,000 | $1,245,000 |
$140,000 | $1,512,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
7 | $1,276,000 |
$182,000 | $310,000 |
$217,000 | $1,008,000 |
| Black or African American |
6 | $1,016,000 |
$169,000 | $228,000 |
$56,000 | $86,000 |
| Hispanic |
18 | $3,308,000 |
$183,000 | $417,000 |
$153,000 | $1,440,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
619 | $117,187,000 |
$189,000 | $1,245,000 |
$120,000 | $1,512,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
612 | $116,882,000 |
$190,000 | $1,245,000 |
$126,000 | $1,512,000 |
| FHA-insured (Federal Housing Administration) |
26 | $3,848,000 |
$148,000 | $280,000 |
$43,000 | $610,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
8 | $1,016,000 |
$127,000 | $258,000 |
$30,000 | $71,000 |
| VA-guaranteed (Veterans Administration) |
4 | $1,041,000 |
$260,000 | $386,000 |
$81,000 | $200,000 |
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| Application Approved But Not Accepted |
3 | $561,000 |
$187,000 | $240,000 |
$274,000 | $778,000 |
| Application Denied By Financial Institution |
4 | $844,000 |
$211,000 | $420,000 |
$92,000 | $132,000 |
| Application Withdrawn By Applicant |
27 | $5,734,000 |
$212,000 | $720,000 |
$136,000 | $1,200,000 |
| File Closed For Incompleteness |
1 | $129,000 |
$129,000 | $129,000 |
$49,000 | $49,000 |
| Loan Originated |
615 | $115,519,000 |
$187,000 | $1,245,000 |
$120,000 | $1,512,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $420,000 |
$420,000 | $420,000 |
$118,000 | $118,000 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $124,000 |
$124,000 | $124,000 |
$62,000 | $62,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for AMERICAN RESIDENTIAL MORTGAGE by:
Metropolitan Area And
County
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