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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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COASTAL MORTGAGE SERVICES, INC
Mortgage Loans and Application Details
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| Mortgage Company Name |
COASTAL MORTGAGE SERVICES, INC |
| Address | 11230 CARMEL COMMONS BLVD.
CHARLOTTE, NC 28226 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,857 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $467,730,000 |
| Average Mortgage Loan Amount Applied For | $169,800 |
| Highest Mortgage Loan Amount Applied For | $1,954,000 |
| Average Applicant Income | $93,039 |
| Highest Applicant Income | $2,064,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
1,934 | $293,269,000 |
$151,000 | $1,000,000 |
$88,000 | $1,567,000 |
| Refinancing |
923 | $174,461,000 |
$189,000 | $1,954,000 |
$99,000 | $2,064,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
34 | $5,969,000 |
$175,000 | $592,000 |
$85,000 | $282,000 |
| Black or African American |
157 | $22,918,000 |
$145,000 | $380,000 |
$70,000 | $289,000 |
| Hispanic |
82 | $11,164,000 |
$136,000 | $492,000 |
$78,000 | $732,000 |
| Native Hawaiin or Other Pacific Islander |
8 | $1,585,000 |
$198,000 | $410,000 |
$88,000 | $177,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
42 | $5,349,000 |
$127,000 | $484,000 |
$48,000 | $206,000 |
| White |
2,534 | $420,745,000 |
$166,000 | $1,954,000 |
$94,000 | $2,064,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,374 | $396,865,000 |
$167,000 | $1,954,000 |
$98,000 | $2,064,000 |
| FHA-insured (Federal Housing Administration) |
274 | $34,764,000 |
$126,000 | $286,000 |
$57,000 | $310,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
209 | $36,101,000 |
$172,000 | $384,000 |
$67,000 | $284,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
264 | $40,892,000 |
$154,000 | $1,000,000 |
$83,000 | $2,064,000 |
| Application Withdrawn By Applicant |
337 | $50,250,000 |
$149,000 | $949,000 |
$68,000 | $794,000 |
| File Closed For Incompleteness |
1 | $164,000 |
$164,000 | $164,000 |
$98,000 | $98,000 |
| Loan Originated |
2,255 | $376,424,000 |
$166,000 | $1,954,000 |
$96,000 | $1,567,000 |
| 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 |
65 | $9,473,000 |
$145,000 | $468,000 |
$51,000 | $187,000 |
| Credit Application Incomplete |
6 | $1,207,000 |
$201,000 | $460,000 |
$62,000 | $178,000 |
| Credit History |
12 | $1,619,000 |
$134,000 | $190,000 |
$92,000 | $370,000 |
| Debt-To-Income Ratio |
8 | $949,000 |
$118,000 | $283,000 |
$30,000 | $80,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $158,000 |
$158,000 | $158,000 |
$194,000 | $194,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
172 | $27,486,000 |
$159,000 | $1,000,000 |
$97,000 | $2,064,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for COASTAL MORTGAGE SERVICES, INC by:
Metropolitan Area And
County
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