|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
CASTLE MORTGAGE CORPORATION
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
CASTLE MORTGAGE CORPORATION |
| Address | 701 MONTGOMERY HWY S, STE. 203
VESTAVIA HILLS, AL 35216 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,715 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $263,236,000 |
| Average Mortgage Loan Amount Applied For | $144,095 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $83,351 |
| Highest Applicant Income | $792,000 |
|
|
|
| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
964 | $142,974,000 |
$148,000 | $688,000 |
$83,000 | $792,000 |
| Refinancing |
751 | $120,262,000 |
$160,000 | $1,000,000 |
$75,000 | $660,000 |
|
|
| American Indian or Alaskan Native |
1 | $170,000 |
$170,000 | $170,000 |
$96,000 | $96,000 |
| Asian |
32 | $5,280,000 |
$165,000 | $349,000 |
$76,000 | $168,000 |
| Black or African American |
112 | $15,389,000 |
$137,000 | $417,000 |
$63,000 | $300,000 |
| Hispanic |
38 | $5,993,000 |
$157,000 | $546,000 |
$77,000 | $312,000 |
| Native Hawaiin or Other Pacific Islander |
5 | $510,000 |
$102,000 | $158,000 |
$57,000 | $72,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
1,527 | $235,894,000 |
$154,000 | $1,000,000 |
$81,000 | $792,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,694 | $259,981,000 |
$153,000 | $1,000,000 |
$80,000 | $792,000 |
| FHA-insured (Federal Housing Administration) |
10 | $1,330,000 |
$133,000 | $184,000 |
$51,000 | $108,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
11 | $1,925,000 |
$175,000 | $350,000 |
$72,000 | $156,000 |
|
|
| Application Approved But Not Accepted |
24 | $3,385,000 |
$141,000 | $945,000 |
$58,000 | $90,000 |
| Application Denied By Financial Institution |
120 | $14,896,000 |
$124,000 | $545,000 |
$55,000 | $216,000 |
| Application Withdrawn By Applicant |
9 | $1,100,000 |
$122,000 | $240,000 |
$51,000 | $66,000 |
| File Closed For Incompleteness |
121 | $20,372,000 |
$168,000 | $688,000 |
$68,000 | $360,000 |
| Loan Originated |
1,441 | $223,483,000 |
$155,000 | $1,000,000 |
$83,000 | $792,000 |
| 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 |
29 | $3,731,000 |
$128,000 | $417,000 |
$56,000 | $216,000 |
| Credit Application Incomplete |
1 | $68,000 |
$68,000 | $68,000 |
$80,000 | $80,000 |
| Credit History |
40 | $5,112,000 |
$127,000 | $341,000 |
$52,000 | $180,000 |
| Debt-To-Income Ratio |
35 | $4,071,000 |
$116,000 | $194,000 |
$50,000 | $94,000 |
| Employment History |
3 | $191,000 |
$63,000 | $87,000 |
$54,000 | $84,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $153,000 |
$51,000 | $72,000 |
$33,000 | $48,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $189,000 |
$189,000 | $189,000 |
$48,000 | $48,000 |
| Unverifiable Information |
5 | $710,000 |
$142,000 | $333,000 |
$82,000 | $168,000 |
|
Mortgage Loan App Totals for CASTLE MORTGAGE CORPORATION by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
