|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
CLASSIC MORTGAGE LLC
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
CLASSIC MORTGAGE LLC |
| Address | 6385 CORPORATE DRIVE, SUITE 201
COLORADO SPRINGS, CO 80919 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 1,807 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $315,175,000 |
| Average Mortgage Loan Amount Applied For | $168,187 |
| Highest Mortgage Loan Amount Applied For | $4,000,000 |
| Average Applicant Income | $61,062 |
| Highest Applicant Income | $8,599,000 |
|
|
|
| Home Improvement (one-to-four family) |
3 | $273,000 |
$91,000 | $197,000 |
$96,000 | $128,000 |
| Home Purchase (one-to-four family) |
1,423 | $254,806,000 |
$179,000 | $4,000,000 |
$60,000 | $8,599,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
381 | $60,096,000 |
$157,000 | $836,000 |
$46,000 | $391,000 |
|
|
| American Indian or Alaskan Native |
4 | $676,000 |
$169,000 | $252,000 |
$48,000 | $89,000 |
| Asian or Pacific Islander |
40 | $7,462,000 |
$186,000 | $556,000 |
$57,000 | $283,000 |
| Black |
97 | $17,641,000 |
$181,000 | $451,000 |
$55,000 | $150,000 |
| Hispanic |
26 | $5,131,000 |
$197,000 | $632,000 |
$54,000 | $143,000 |
| Information not provided by applicant in mail or telephone application |
113 | $20,984,000 |
$185,000 | $475,000 |
$63,000 | $199,000 |
| Not applicable |
244 | $40,870,000 |
$167,000 | $365,000 |
$45,000 | $143,000 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
1,283 | $222,411,000 |
$173,000 | $4,000,000 |
$66,000 | $8,599,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
918 | $166,196,000 |
$181,000 | $4,000,000 |
$84,000 | $8,599,000 |
| FHA-insured (Federal Housing Administration) |
508 | $77,431,000 |
$152,000 | $301,000 |
$40,000 | $340,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
381 | $71,548,000 |
$187,000 | $310,000 |
$45,000 | $620,000 |
|
|
| Application Approved But Not Accepted |
1 | $190,000 |
$190,000 | $190,000 |
$137,000 | $137,000 |
| Application Denied By Financial Institution |
38 | $6,367,000 |
$167,000 | $323,000 |
$46,000 | $139,000 |
| Application Withdrawn By Applicant |
387 | $76,485,000 |
$197,000 | $4,000,000 |
$52,000 | $8,599,000 |
| File Closed For Incompleteness |
2 | $603,000 |
$301,000 | $550,000 |
$27,000 | $32,000 |
| Loan Originated |
1,379 | $231,530,000 |
$167,000 | $650,000 |
$61,000 | $639,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
|
| Collateral |
3 | $438,000 |
$146,000 | $200,000 |
$77,000 | $137,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
7 | $1,161,000 |
$165,000 | $204,000 |
$51,000 | $70,000 |
| Debt-To-Income Ratio |
2 | $358,000 |
$179,000 | $200,000 |
$37,000 | $39,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $185,000 |
$185,000 | $185,000 |
$43,000 | $43,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
21 | $3,408,000 |
$162,000 | $323,000 |
$42,000 | $139,000 |
| Unverifiable Information |
1 | $202,000 |
$202,000 | $202,000 |
$51,000 | $51,000 |
|
Mortgage Loan App Totals for CLASSIC MORTGAGE LLC by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
