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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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COLUMBIA MORTGAGE & FUNDING CO
Mortgage Loans and Application Details
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| Mortgage Company Name |
COLUMBIA MORTGAGE & FUNDING CO |
| Address | 3445 N. CENTRAL AVE.
CHICAGO, IL 60634 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 809 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $123,057,000 |
| Average Mortgage Loan Amount Applied For | $112,055 |
| Highest Mortgage Loan Amount Applied For | $500,000 |
| Average Applicant Income | $27,444 |
| Highest Applicant Income | $142,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
11 | $2,033,000 |
$184,000 | $500,000 |
$24,000 | $70,000 |
| Refinancing |
798 | $121,024,000 |
$151,000 | $467,000 |
$30,000 | $142,000 |
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| American Indian or Alaskan Native |
24 | $3,615,000 |
$150,000 | $282,000 |
$22,000 | $72,000 |
| Asian |
4 | $844,000 |
$211,000 | $310,000 |
$62,000 | $142,000 |
| Black or African American |
350 | $45,665,000 |
$130,000 | $467,000 |
$31,000 | $128,000 |
| Hispanic |
393 | $67,296,000 |
$171,000 | $500,000 |
$29,000 | $96,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
9 | $1,415,000 |
$157,000 | $367,000 |
$35,000 | $90,000 |
| White |
29 | $4,222,000 |
$145,000 | $307,000 |
$33,000 | $114,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
809 | $123,057,000 |
$152,000 | $500,000 |
$30,000 | $142,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
51 | $7,853,000 |
$153,000 | $312,000 |
$33,000 | $106,000 |
| Application Denied By Financial Institution |
316 | $49,997,000 |
$158,000 | $500,000 |
$32,000 | $128,000 |
| Application Withdrawn By Applicant |
76 | $13,811,000 |
$181,000 | $426,000 |
$31,000 | $142,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
366 | $51,396,000 |
$140,000 | $459,000 |
$28,000 | $114,000 |
| 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 |
23 | $3,928,000 |
$170,000 | $467,000 |
$41,000 | $128,000 |
| Credit Application Incomplete |
1 | $144,000 |
$144,000 | $144,000 |
$70,000 | $70,000 |
| Credit History |
4 | $399,000 |
$99,000 | $150,000 |
$34,000 | $38,000 |
| Debt-To-Income Ratio |
6 | $826,000 |
$137,000 | $241,000 |
$25,000 | $45,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $127,000 |
$127,000 | $127,000 |
$24,000 | $24,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
13 | $1,954,000 |
$150,000 | $263,000 |
$31,000 | $90,000 |
| Unverifiable Information |
3 | $412,000 |
$137,000 | $166,000 |
$31,000 | $56,000 |
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Mortgage Loan App Totals for COLUMBIA MORTGAGE & FUNDING CO by:
Metropolitan Area And
County
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