| $3,446,236,491 in Mortgage Loans Applied for in 2008 from 17,391,570 Applications |
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CSMC, INC
Mortgage Loans and Application Details
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| Mortgage Company Name |
CSMC, INC |
| Address | 10425 W NORTH AVENUE SUITE 100
WAUWATOSA, WI 53226 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2007 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Loan Applications Processed | 2,883 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $427,457,000 |
| Average Mortgage Loan Amount Applied For | $134,624 |
| Highest Mortgage Loan Amount Applied For | $1,640,000 |
| Average Applicant Income | $69,528 |
| Highest Applicant Income | $585,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
1,348 | $191,483,000 |
$142,000 | $1,640,000 |
$65,000 | $585,000 |
| Refinancing |
1,535 | $235,974,000 |
$153,000 | $715,000 |
$67,000 | $500,000 |
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| American Indian or Alaskan Native |
7 | $1,167,000 |
$166,000 | $295,000 |
$83,000 | $171,000 |
| Asian |
35 | $7,659,000 |
$218,000 | $485,000 |
$85,000 | $255,000 |
| Black or African American |
306 | $38,786,000 |
$126,000 | $425,000 |
$57,000 | $221,000 |
| Hispanic |
150 | $24,416,000 |
$162,000 | $1,044,000 |
$55,000 | $387,000 |
| Native Hawaiin or Other Pacific Islander |
4 | $847,000 |
$211,000 | $407,000 |
$96,000 | $165,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
115 | $15,776,000 |
$137,000 | $382,000 |
$64,000 | $177,000 |
| White |
2,266 | $338,806,000 |
$149,000 | $1,640,000 |
$67,000 | $585,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,377 | $356,873,000 |
$150,000 | $1,640,000 |
$68,000 | $585,000 |
| FHA-insured (Federal Housing Administration) |
496 | $69,289,000 |
$139,000 | $275,000 |
$57,000 | $153,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
4 | $375,000 |
$93,000 | $121,000 |
$42,000 | $58,000 |
| VA-guaranteed (Veterans Administration) |
6 | $920,000 |
$153,000 | $199,000 |
$49,000 | $102,000 |
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| Application Approved But Not Accepted |
212 | $28,357,000 |
$133,000 | $556,000 |
$60,000 | $286,000 |
| Application Denied By Financial Institution |
176 | $24,773,000 |
$140,000 | $497,000 |
$61,000 | $255,000 |
| Application Withdrawn By Applicant |
187 | $26,651,000 |
$142,000 | $1,640,000 |
$60,000 | $303,000 |
| File Closed For Incompleteness |
98 | $13,438,000 |
$137,000 | $425,000 |
$64,000 | $222,000 |
| Loan Originated |
2,198 | $332,352,000 |
$151,000 | $1,044,000 |
$67,000 | $585,000 |
| Loan Purchased By The Institution |
12 | $1,886,000 |
$157,000 | $321,000 |
$75,000 | $150,000 |
| 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 |
35 | $5,699,000 |
$162,000 | $497,000 |
$62,000 | $168,000 |
| Credit Application Incomplete |
1 | $120,000 |
$120,000 | $120,000 |
$44,000 | $44,000 |
| Credit History |
15 | $1,836,000 |
$122,000 | $225,000 |
$49,000 | $105,000 |
| Debt-To-Income Ratio |
24 | $3,136,000 |
$130,000 | $278,000 |
$52,000 | $104,000 |
| Employment History |
6 | $690,000 |
$115,000 | $148,000 |
$37,000 | $54,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $245,000 |
$122,000 | $136,000 |
$32,000 | $34,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
13 | $1,818,000 |
$139,000 | $340,000 |
$79,000 | $255,000 |
| Unverifiable Information |
4 | $542,000 |
$135,000 | $241,000 |
$87,000 | $169,000 |
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Mortgage Loan Application Totals for CSMC, INC by:
Metropolitan Area And
County
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