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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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BIRMINGHAM BANCORP MORTGAGE CO
Mortgage Loans and Application Details
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| Mortgage Company Name |
BIRMINGHAM BANCORP MORTGAGE CO |
| Address | 6230 ORCHARD LAKE ROAD
WEST BLOOMFIELD, MI 48322 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,953 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $226,616,000 |
| Average Mortgage Loan Amount Applied For | $111,384 |
| Highest Mortgage Loan Amount Applied For | $850,000 |
| Average Applicant Income | $40,844 |
| Highest Applicant Income | $750,000 |
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| Home Improvement |
7 | $513,000 |
$73,000 | $130,000 |
$77,000 | $220,000 |
| Home Purchase |
1,362 | $144,721,000 |
$106,000 | $668,000 |
$41,000 | $750,000 |
| Refinancing |
920 | $116,570,000 |
$126,000 | $850,000 |
$40,000 | $437,000 |
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| American Indian or Alaskan Native |
7 | $589,000 |
$84,000 | $149,000 |
$36,000 | $86,000 |
| Asian |
10 | $988,000 |
$98,000 | $155,000 |
$47,000 | $111,000 |
| Black or African American |
429 | $48,696,000 |
$113,000 | $480,000 |
$43,000 | $437,000 |
| Hispanic |
71 | $8,272,000 |
$116,000 | $310,000 |
$35,000 | $100,000 |
| Native Hawaiin or Other Pacific Islander |
4 | $310,000 |
$77,000 | $122,000 |
$39,000 | $61,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
177 | $20,243,000 |
$114,000 | $405,000 |
$42,000 | $228,000 |
| White |
1,591 | $182,706,000 |
$114,000 | $850,000 |
$41,000 | $750,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
204 | $30,732,000 |
$150,000 | $850,000 |
$100,000 | $750,000 |
| FHA-insured (Federal Housing Administration) |
2,084 | $230,977,000 |
$110,000 | $310,000 |
$35,000 | $565,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
1 | $95,000 |
$95,000 | $95,000 |
$31,000 | $31,000 |
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| Application Approved But Not Accepted |
36 | $4,904,000 |
$136,000 | $392,000 |
$37,000 | $156,000 |
| Application Denied By Financial Institution |
704 | $82,038,000 |
$116,000 | $850,000 |
$38,000 | $565,000 |
| Application Withdrawn By Applicant |
747 | $83,547,000 |
$111,000 | $650,000 |
$43,000 | $750,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
802 | $91,315,000 |
$113,000 | $675,000 |
$42,000 | $437,000 |
| 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 | $104,000 |
$104,000 | $104,000 |
$92,000 | $92,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for BIRMINGHAM BANCORP MORTGAGE CO by:
Metropolitan Area And
County
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