|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
AMERITRUST MORTGAGE COMPANY LL
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
AMERITRUST MORTGAGE COMPANY LL |
| Address | 14045 BALLANTYNE CORPORATE PLACE SUITE 2
CHARLOTTE, NC 28277 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 11,255 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $1,781,237,000 |
| Average Mortgage Loan Amount Applied For | $149,506 |
| Highest Mortgage Loan Amount Applied For | $1,603,000 |
| Average Applicant Income | $65,604 |
| Highest Applicant Income | $1,900,000 |
|
|
|
| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
5,654 | $823,414,000 |
$145,000 | $1,603,000 |
$63,000 | $1,800,000 |
| Refinancing |
5,601 | $957,823,000 |
$171,000 | $1,350,000 |
$70,000 | $1,900,000 |
|
|
| American Indian or Alaskan Native |
28 | $4,876,000 |
$174,000 | $738,000 |
$62,000 | $221,000 |
| Asian |
83 | $18,808,000 |
$226,000 | $880,000 |
$104,000 | $966,000 |
| Black or African American |
3,051 | $448,784,000 |
$147,000 | $896,000 |
$61,000 | $1,333,000 |
| Hispanic |
730 | $150,708,000 |
$206,000 | $1,350,000 |
$79,000 | $1,800,000 |
| Native Hawaiin or Other Pacific Islander |
3 | $402,000 |
$134,000 | $200,000 |
$54,000 | $67,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
2,353 | $379,545,000 |
$161,000 | $1,336,000 |
$66,000 | $898,000 |
| White |
5,007 | $778,114,000 |
$155,000 | $1,603,000 |
$68,000 | $1,900,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
11,255 | $1,781,237,000 |
$158,000 | $1,603,000 |
$67,000 | $1,900,000 |
| 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 |
|
|
| Application Approved But Not Accepted |
38 | $6,661,000 |
$175,000 | $581,000 |
$68,000 | $204,000 |
| Application Denied By Financial Institution |
5,619 | $923,247,000 |
$164,000 | $1,603,000 |
$72,000 | $1,900,000 |
| Application Withdrawn By Applicant |
1,312 | $207,452,000 |
$158,000 | $846,000 |
$64,000 | $1,800,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
4,286 | $643,877,000 |
$150,000 | $720,000 |
$61,000 | $966,000 |
| 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 |
|
|
| Collateral |
595 | $100,567,000 |
$169,000 | $1,350,000 |
$79,000 | $898,000 |
| Credit Application Incomplete |
6 | $1,365,000 |
$227,000 | $500,000 |
$77,000 | $132,000 |
| Credit History |
480 | $74,968,000 |
$156,000 | $795,000 |
$66,000 | $1,442,000 |
| Debt-To-Income Ratio |
315 | $48,224,000 |
$153,000 | $800,000 |
$51,000 | $285,000 |
| Employment History |
157 | $27,068,000 |
$172,000 | $650,000 |
$66,000 | $288,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
23 | $2,979,000 |
$129,000 | $350,000 |
$49,000 | $156,000 |
| Mortgage Insurance Denied |
2 | $230,000 |
$115,000 | $140,000 |
$55,000 | $58,000 |
| Other |
1,441 | $247,129,000 |
$171,000 | $1,603,000 |
$79,000 | $1,900,000 |
| Unverifiable Information |
173 | $34,098,000 |
$197,000 | $997,000 |
$88,000 | $777,000 |
|
Mortgage Loan App Totals for AMERITRUST MORTGAGE COMPANY LL by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
