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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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CMS MORTGAGE GROUP, INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
CMS MORTGAGE GROUP, INC. |
| Address | 24275 NORTHWESTERN HWY SUITE 201
SOUTHFIELD, MI 48075 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2004 |
| All Data Years | 2003 2004 |
| Total Number of Mortgage Loan Applications Processed | 1,059 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $122,855,000 |
| Average Mortgage Loan Amount Applied For | $119,405 |
| Highest Mortgage Loan Amount Applied For | $428,000 |
| Average Applicant Income | $13,423 |
| Highest Applicant Income | $260,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
576 | $55,080,000 |
$96,800 | $251,000 |
$34,600 | $142,000 |
| Refinancing |
734 | $88,867,000 |
$117,761 | $428,000 |
$4,714 | $260,000 |
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| American Indian or Alaskan Native |
3 | $302,000 |
$100,666 | $115,000 |
$39,666 | $119,000 |
| Asian |
7 | $868,000 |
$126,250 | $181,000 |
$19,500 | $40,000 |
| Black or African American |
271 | $33,001,000 |
$119,150 | $279,000 |
$5,650 | $107,000 |
| Hispanic |
141 | $13,074,000 |
$106,692 | $202,000 |
$11,769 | $56,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
28 | $2,655,000 |
$106,555 | $190,000 |
$11,666 | $72,000 |
| White |
860 | $94,047,000 |
$116,894 | $428,000 |
$11,315 | $260,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
88 | $11,912,000 |
$103,666 | $428,000 |
$38,777 | $260,000 |
| FHA-insured (Federal Housing Administration) |
330 | $36,475,000 |
$91,071 | $213,000 |
$16,857 | $162,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
355 | $28,116,000 |
$93,800 | $251,000 |
$27,400 | $80,000 |
| VA-guaranteed (Veterans Administration) |
537 | $67,444,000 |
$125,050 | $240,000 |
$6,150 | $142,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
97 | $11,438,000 |
$113,000 | $240,000 |
$23,333 | $142,000 |
| Application Withdrawn By Applicant |
183 | $19,755,000 |
$112,058 | $250,000 |
$8,823 | $127,000 |
| File Closed For Incompleteness |
4 | $377,000 |
$110,333 | $192,000 |
$38,333 | $101,000 |
| Loan Originated |
145 | $16,388,000 |
$98,500 | $334,000 |
$9,687 | $162,000 |
| Loan Purchased By The Institution |
881 | $95,989,000 |
$116,000 | $428,000 |
$10,647 | $260,000 |
| 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 |
5 | $615,000 |
$117,500 | $183,000 |
$47,500 | $80,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
29 | $3,749,000 |
$111,285 | $240,000 |
$36,142 | $142,000 |
| Debt-To-Income Ratio |
16 | $1,844,000 |
$104,400 | $159,000 |
$32,000 | $53,000 |
| Employment History |
2 | $301,000 |
$150,500 | $189,000 |
$52,500 | $60,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $268,000 |
$134,000 | $206,000 |
$34,500 | $38,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
40 | $4,405,000 |
$116,375 | $189,000 |
$18,750 | $79,000 |
| Unverifiable Information |
3 | $256,000 |
$85,333 | $98,000 |
$29,666 | $32,000 |
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Mortgage Loan App Totals for CMS MORTGAGE GROUP, INC. by:
Metropolitan Area And
County
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