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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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CHERRY CREEK MORTGAGE CO., INC
Mortgage Loans and Application Details
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| Mortgage Company Name |
CHERRY CREEK MORTGAGE CO., INC |
| Address | 7600 EAST ORCHARD ROAD STE 250-N
GREENWOOD VILLAGE, CO 80111 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 10,719 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $2,182,584,000 |
| Average Mortgage Loan Amount Applied For | $180,242 |
| Highest Mortgage Loan Amount Applied For | $6,690,000 |
| Average Applicant Income | $97,755 |
| Highest Applicant Income | $2,470,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
7,051 | $1,354,485,000 |
$192,000 | $6,690,000 |
$98,000 | $2,470,000 |
| Refinancing |
3,692 | $833,286,000 |
$225,000 | $3,840,000 |
$103,000 | $2,400,000 |
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| American Indian or Alaskan Native |
33 | $5,854,000 |
$177,000 | $567,000 |
$83,000 | $210,000 |
| Asian |
200 | $42,490,000 |
$212,000 | $1,000,000 |
$103,000 | $732,000 |
| Black or African American |
766 | $132,050,000 |
$172,000 | $1,000,000 |
$95,000 | $2,000,000 |
| Hispanic |
1,508 | $312,922,000 |
$207,000 | $779,000 |
$96,000 | $1,020,000 |
| Native Hawaiin or Other Pacific Islander |
51 | $12,609,000 |
$247,000 | $700,000 |
$113,000 | $360,000 |
| Not applicable |
1 | $210,000 |
$210,000 | $210,000 |
$107,000 | $107,000 |
| Not Provided |
2,239 | $492,257,000 |
$219,000 | $6,690,000 |
$94,000 | $2,400,000 |
| White |
5,945 | $1,189,379,000 |
$200,000 | $4,160,000 |
$104,000 | $2,470,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
9,792 | $2,032,196,000 |
$207,000 | $6,690,000 |
$104,000 | $2,470,000 |
| FHA-insured (Federal Housing Administration) |
809 | $127,597,000 |
$157,000 | $446,000 |
$52,000 | $490,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
142 | $27,978,000 |
$197,000 | $429,000 |
$61,000 | $140,000 |
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| Application Approved But Not Accepted |
591 | $133,091,000 |
$225,000 | $750,000 |
$98,000 | $313,000 |
| Application Denied By Financial Institution |
2,256 | $468,129,000 |
$207,000 | $4,160,000 |
$109,000 | $2,340,000 |
| Application Withdrawn By Applicant |
1,069 | $240,640,000 |
$225,000 | $6,690,000 |
$84,000 | $1,920,000 |
| File Closed For Incompleteness |
70 | $14,279,000 |
$203,000 | $980,000 |
$146,000 | $600,000 |
| Loan Originated |
6,757 | $1,331,632,000 |
$197,000 | $3,840,000 |
$99,000 | $2,470,000 |
| 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 |
89 | $15,574,000 |
$174,000 | $2,000,000 |
$119,000 | $720,000 |
| Credit Application Incomplete |
799 | $168,554,000 |
$210,000 | $4,160,000 |
$98,000 | $2,340,000 |
| Credit History |
67 | $12,102,000 |
$180,000 | $500,000 |
$95,000 | $1,020,000 |
| Debt-To-Income Ratio |
39 | $5,718,000 |
$146,000 | $561,000 |
$98,000 | $324,000 |
| Employment History |
20 | $4,267,000 |
$213,000 | $595,000 |
$216,000 | $1,176,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
12 | $1,542,000 |
$128,000 | $650,000 |
$99,000 | $210,000 |
| Mortgage Insurance Denied |
1 | $198,000 |
$198,000 | $198,000 |
$83,000 | $83,000 |
| Other |
203 | $34,307,000 |
$169,000 | $769,000 |
$132,000 | $1,080,000 |
| Unverifiable Information |
25 | $4,770,000 |
$190,000 | $638,000 |
$110,000 | $303,000 |
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Mortgage Loan App Totals for CHERRY CREEK MORTGAGE CO., INC by:
Metropolitan Area And
County
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