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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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BRIER MORTGAGE CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
BRIER MORTGAGE CORPORATION |
| Address | 3201 W. COUNTY ROAD 42, SUITE 102
BURNSVILLE, MN 55306 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2005 |
| All Data Years | 2004 2005 |
| Total Number of Mortgage Loan Applications Processed | 919 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $133,403,000 |
| Average Mortgage Loan Amount Applied For | $164,442 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $98,096 |
| Highest Applicant Income | $950,000 |
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| Home Improvement |
5 | $914,000 |
$182,000 | $492,000 |
$111,000 | $237,000 |
| Home Purchase |
748 | $106,491,000 |
$269,750 | $1,000,000 |
$119,375 | $950,000 |
| Refinancing |
240 | $37,617,000 |
$232,500 | $650,000 |
$145,500 | $492,000 |
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| American Indian or Alaskan Native |
2 | $388,000 |
$194,000 | $200,000 |
$0 | $0 |
| Asian |
23 | $3,055,000 |
$132,000 | $400,000 |
$90,000 | $257,000 |
| Black or African American |
16 | $1,637,000 |
$102,000 | $218,000 |
$89,000 | $133,000 |
| Hispanic |
107 | $16,045,000 |
$134,250 | $360,000 |
$95,500 | $254,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $227,000 |
$113,000 | $191,000 |
$150,000 | $150,000 |
| Not applicable |
1 | $180,000 |
$180,000 | $180,000 |
$54,000 | $54,000 |
| Not Provided |
21 | $2,590,000 |
$112,000 | $448,000 |
$27,000 | $175,000 |
| White |
821 | $120,900,000 |
$303,571 | $1,000,000 |
$127,857 | $950,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
977 | $142,952,000 |
$271,875 | $1,000,000 |
$117,250 | $950,000 |
| FHA-insured (Federal Housing Administration) |
8 | $1,186,000 |
$148,000 | $233,000 |
$50,000 | $160,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
8 | $884,000 |
$106,500 | $142,000 |
$38,000 | $50,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
11 | $1,681,000 |
$152,000 | $341,000 |
$84,000 | $198,000 |
| Application Denied By Financial Institution |
8 | $1,061,000 |
$132,000 | $166,000 |
$56,000 | $133,000 |
| Application Withdrawn By Applicant |
66 | $9,902,000 |
$233,750 | $450,000 |
$23,000 | $340,000 |
| File Closed For Incompleteness |
45 | $8,100,000 |
$185,500 | $360,000 |
$74,500 | $480,000 |
| Loan Originated |
860 | $123,147,000 |
$276,714 | $1,000,000 |
$123,285 | $682,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
3 | $1,131,000 |
$532,500 | $1,000,000 |
$490,500 | $950,000 |
| 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 | $151,000 |
$151,000 | $151,000 |
$73,000 | $73,000 |
| 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 BRIER MORTGAGE CORPORATION by:
Metropolitan Area And
County
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