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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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BANCGROUP MORTGAGE CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
BANCGROUP MORTGAGE CORPORATION |
| Address | 10400 SOUTH ROBERTS ROAD
PALOS HILLS, IL 60465 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 5,309 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $993,438,000 |
| Average Mortgage Loan Amount Applied For | $188,527 |
| Highest Mortgage Loan Amount Applied For | $1,521,000 |
| Average Applicant Income | $155,069 |
| Highest Applicant Income | $3,594,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
3,867 | $689,134,000 |
$178,000 | $1,500,000 |
$95,000 | $3,594,000 |
| Refinancing |
1,442 | $304,304,000 |
$211,000 | $1,521,000 |
$101,000 | $849,000 |
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| American Indian or Alaskan Native |
3 | $697,000 |
$232,000 | $417,000 |
$171,000 | $213,000 |
| Asian |
92 | $23,101,000 |
$251,000 | $1,440,000 |
$122,000 | $960,000 |
| Black or African American |
147 | $24,617,000 |
$167,000 | $688,000 |
$92,000 | $280,000 |
| Hispanic |
553 | $91,933,000 |
$166,000 | $859,000 |
$73,000 | $563,000 |
| Native Hawaiin or Other Pacific Islander |
10 | $2,428,000 |
$242,000 | $560,000 |
$93,000 | $200,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
10 | $2,087,000 |
$208,000 | $488,000 |
$84,000 | $130,000 |
| White |
4,494 | $848,575,000 |
$188,000 | $1,521,000 |
$99,000 | $3,594,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
5,207 | $974,466,000 |
$187,000 | $1,521,000 |
$97,000 | $3,594,000 |
| FHA-insured (Federal Housing Administration) |
90 | $16,509,000 |
$183,000 | $303,000 |
$65,000 | $244,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $200,000 |
$200,000 | $200,000 |
$38,000 | $38,000 |
| VA-guaranteed (Veterans Administration) |
11 | $2,263,000 |
$205,000 | $295,000 |
$68,000 | $101,000 |
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| Application Approved But Not Accepted |
38 | $5,511,000 |
$145,000 | $370,000 |
$67,000 | $206,000 |
| Application Denied By Financial Institution |
18 | $2,837,000 |
$157,000 | $526,000 |
$73,000 | $198,000 |
| Application Withdrawn By Applicant |
70 | $15,221,000 |
$217,000 | $1,500,000 |
$91,000 | $525,000 |
| File Closed For Incompleteness |
1 | $72,000 |
$72,000 | $72,000 |
$100,000 | $100,000 |
| Loan Originated |
5,182 | $969,797,000 |
$187,000 | $1,521,000 |
$97,000 | $3,594,000 |
| 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 |
5 | $1,074,000 |
$214,000 | $526,000 |
$118,000 | $198,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $145,000 |
$145,000 | $145,000 |
$54,000 | $54,000 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
3 | $251,000 |
$83,000 | $118,000 |
$53,000 | $60,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $271,000 |
$90,000 | $125,000 |
$24,000 | $73,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
3 | $316,000 |
$105,000 | $172,000 |
$70,000 | $71,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for BANCGROUP MORTGAGE CORPORATION by:
Metropolitan Area And
County
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