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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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BERGIN FINANCIAL INC
Mortgage Loans and Application Details
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| Mortgage Company Name |
BERGIN FINANCIAL INC |
| Address | 29200 NORTHWESTERN HWY STE 350
SOUTHFIELD, MI 48034 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,324 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $223,179,000 |
| Average Mortgage Loan Amount Applied For | $155,919 |
| Highest Mortgage Loan Amount Applied For | $1,635,000 |
| Average Applicant Income | $91,177 |
| Highest Applicant Income | $1,392,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
78 | $11,213,000 |
$143,000 | $944,000 |
$76,000 | $300,000 |
| Refinancing |
1,246 | $211,966,000 |
$170,000 | $1,635,000 |
$87,000 | $1,392,000 |
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| American Indian or Alaskan Native |
4 | $554,000 |
$138,000 | $209,000 |
$82,000 | $116,000 |
| Asian |
6 | $1,227,000 |
$204,000 | $495,000 |
$93,000 | $144,000 |
| Black or African American |
155 | $18,651,000 |
$120,000 | $404,000 |
$56,000 | $167,000 |
| Hispanic |
40 | $6,975,000 |
$174,000 | $1,000,000 |
$101,000 | $1,200,000 |
| Native Hawaiin or Other Pacific Islander |
11 | $1,994,000 |
$181,000 | $556,000 |
$91,000 | $216,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
114 | $20,263,000 |
$177,000 | $545,000 |
$70,000 | $216,000 |
| White |
994 | $173,515,000 |
$174,000 | $1,635,000 |
$93,000 | $1,392,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,297 | $219,108,000 |
$168,000 | $1,635,000 |
$87,000 | $1,392,000 |
| FHA-insured (Federal Housing Administration) |
27 | $4,071,000 |
$150,000 | $275,000 |
$62,000 | $100,000 |
| 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 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
236 | $38,137,000 |
$161,000 | $545,000 |
$69,000 | $192,000 |
| Application Withdrawn By Applicant |
35 | $4,811,000 |
$137,000 | $340,000 |
$59,000 | $131,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
1,053 | $180,231,000 |
$171,000 | $1,635,000 |
$92,000 | $1,392,000 |
| 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 |
82 | $12,464,000 |
$152,000 | $545,000 |
$68,000 | $156,000 |
| Debt-To-Income Ratio |
85 | $15,864,000 |
$186,000 | $461,000 |
$70,000 | $180,000 |
| Employment History |
69 | $9,809,000 |
$142,000 | $364,000 |
$68,000 | $192,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for BERGIN FINANCIAL INC by:
Metropolitan Area And
County
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