AllMortgageDetail - Mortgage Application Details

Columbia National, Inc.
Mortgage Loan Application
Totals and Details
for 2003

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Mortgage Company & Address Columbia National, Inc.
7142 Columbia Gateway Drive
Columbia, MD 21046
Federal Regulator Department of Housing and Urban Development (HUD)
Years 2003  
Total Number of Mortgage Applications 29,517
Total Mortgage Loan Application Amount $4,394,982,000
Average Mortgage Loan Application Amount $130,964
Highest Mortgage Loan Application Amount $1,500,000
Average Applicant Income $52,771
Highest Applicant Income $5,105,000

Mortgage Loan Application Detail Totals for Columbia National, Inc. in 2003

Loan Purpose

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Refinancing (home purchase or home improvement, one-to-four family) 18,621 $2,754,459,000 $141,230 $1,500,000 $51,256 $2,571,000
Home Purchase (one-to-four family) 10,896 $1,640,523,000 $167,277 $1,500,000 $73,611 $5,105,000
Multifamily dwelling (home purchase, home improvement, and refinancings) 0 $0 $0 $0 $0 $0
Home Improvement (one-to-four family) 0 $0 $0 $0 $0 $0

Applicant Race

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
White 20,206 $3,026,003,000 $153,578 $1,500,000 $63,868 $5,105,000
Black 3,861 $500,550,000 $126,407 $789,000 $47,000 $864,000
Information not provided by applicant in mail or telephone application 2,865 $470,569,000 $146,333 $1,250,000 $52,000 $1,900,000
Hispanic 1,615 $229,768,000 $130,681 $650,000 $40,000 $395,000
Asian or Pacific Islander 618 $112,684,000 $166,045 $800,000 $63,272 $788,000
Other 315 $49,552,000 $139,000 $1,200,000 $56,952 $331,000
American Indian or Alaskan Native 37 $5,856,000 $140,363 $439,000 $84,272 $710,000
Not applicable 0 $0 $0 $0 $0 $0

Loan Type

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 19,675 $3,163,819,000 $151,650 $1,500,000 $66,375 $5,105,000
FHA-insured (Federal Housing Administration) 7,637 $920,281,000 $117,000 $359,000 $36,206 $864,000
VA-guaranteed (Veterans Administration) 2,073 $295,576,000 $130,758 $323,000 $32,241 $182,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 132 $15,306,000 $109,285 $251,000 $39,285 $90,000

Outcome

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Loan Originated 23,323 $3,481,107,000 $147,972 $1,470,000 $57,378 $2,915,000
Application Withdrawn By Applicant 4,154 $608,901,000 $145,285 $1,500,000 $56,485 $5,105,000
File Closed For Incompleteness 792 $118,571,000 $167,965 $1,500,000 $63,896 $788,000
Application Approved But Not Accepted 681 $108,101,000 $146,652 $1,000,000 $54,695 $600,000
Application Denied By Financial Institution 567 $78,302,000 $147,692 $600,000 $53,307 $225,000
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0

Denial Reason

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Credit History 244 $33,284,000 $134,590 $600,000 $47,772 $225,000
Debt-To-Income Ratio 128 $17,927,000 $139,250 $485,000 $41,062 $202,000
Collateral 78 $10,120,000 $132,166 $335,000 $58,611 $150,000
Other 65 $8,899,000 $147,769 $379,000 $45,615 $144,000
Unverifiable Information 23 $4,048,000 $195,555 $505,000 $59,333 $213,000
Insufficient Cash (Downpayment, Closing Cost) 16 $2,061,000 $133,428 $261,000 $48,142 $108,000
Employment History 9 $1,009,000 $111,666 $190,000 $31,666 $76,000
Mortgage Insurance Denied 3 $624,000 $208,000 $261,000 $74,000 $98,000
Credit Application Incomplete 1 $330,000 $330,000 $330,000 $172,000 $172,000