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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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COLONY MORTGAGE CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
COLONY MORTGAGE CORPORATION |
| Address | 22983 LORAIN ROAD
FAIRVIEW PARK, OH 44126 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,814 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $237,895,000 |
| Average Mortgage Loan Amount Applied For | $161,872 |
| Highest Mortgage Loan Amount Applied For | $1,200,000 |
| Average Applicant Income | $90,181 |
| Highest Applicant Income | $2,195,000 |
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| Home Improvement |
8 | $450,000 |
$56,000 | $145,000 |
$85,000 | $150,000 |
| Home Purchase |
1,666 | $207,639,000 |
$124,000 | $1,000,000 |
$61,000 | $917,000 |
| Refinancing |
381 | $54,217,000 |
$142,000 | $1,200,000 |
$80,000 | $2,195,000 |
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| American Indian or Alaskan Native |
2 | $375,000 |
$187,000 | $201,000 |
$64,000 | $68,000 |
| Asian |
24 | $3,260,000 |
$135,000 | $245,000 |
$53,000 | $103,000 |
| Black or African American |
168 | $21,478,000 |
$127,000 | $348,000 |
$57,000 | $367,000 |
| Hispanic |
39 | $5,240,000 |
$134,000 | $341,000 |
$53,000 | $181,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $212,000 |
$106,000 | $132,000 |
$48,000 | $78,000 |
| Not applicable |
3 | $249,000 |
$83,000 | $99,000 |
$58,000 | $111,000 |
| Not Provided |
24 | $4,072,000 |
$169,000 | $620,000 |
$78,000 | $316,000 |
| White |
1,793 | $227,420,000 |
$126,000 | $1,200,000 |
$66,000 | $2,195,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,294 | $164,998,000 |
$127,000 | $1,200,000 |
$72,000 | $2,195,000 |
| FHA-insured (Federal Housing Administration) |
688 | $86,150,000 |
$125,000 | $281,000 |
$52,000 | $323,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
73 | $11,158,000 |
$152,000 | $348,000 |
$61,000 | $137,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
39 | $5,714,000 |
$146,000 | $620,000 |
$63,000 | $316,000 |
| Application Withdrawn By Applicant |
363 | $44,495,000 |
$122,000 | $960,000 |
$69,000 | $2,195,000 |
| File Closed For Incompleteness |
1 | $73,000 |
$73,000 | $73,000 |
$51,000 | $51,000 |
| Loan Originated |
1,471 | $187,740,000 |
$127,000 | $1,200,000 |
$62,000 | $996,000 |
| Loan Purchased By The Institution |
181 | $24,284,000 |
$134,000 | $650,000 |
$82,000 | $917,000 |
| 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 |
12 | $2,273,000 |
$189,000 | $620,000 |
$77,000 | $316,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
15 | $2,040,000 |
$136,000 | $198,000 |
$52,000 | $84,000 |
| Debt-To-Income Ratio |
2 | $200,000 |
$100,000 | $128,000 |
$29,000 | $40,000 |
| Employment History |
1 | $198,000 |
$198,000 | $198,000 |
$45,000 | $45,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
5 | $508,000 |
$101,000 | $175,000 |
$76,000 | $190,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
4 | $495,000 |
$123,000 | $168,000 |
$71,000 | $140,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for COLONY MORTGAGE CORPORATION by:
Metropolitan Area And
County
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