|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
COMMUNITY MORTGAGE CORP.
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
COMMUNITY MORTGAGE CORP. |
| Address | 142 TIMBER CREEK DRIVE
CORDOVA, TN 38018 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,876 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $256,785,000 |
| Average Mortgage Loan Amount Applied For | $112,100 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $57,500 |
| Highest Applicant Income | $1,327,000 |
|
|
|
| Home Improvement |
1 | $107,000 |
$107,000 | $107,000 |
$52,000 | $52,000 |
| Home Purchase |
1,773 | $243,436,000 |
$137,000 | $1,000,000 |
$72,000 | $1,327,000 |
| Refinancing |
102 | $13,242,000 |
$129,000 | $580,000 |
$81,000 | $420,000 |
|
|
| American Indian or Alaskan Native |
3 | $411,000 |
$137,000 | $241,000 |
$82,000 | $100,000 |
| Asian |
40 | $6,132,000 |
$153,000 | $347,000 |
$68,000 | $148,000 |
| Black or African American |
627 | $81,210,000 |
$129,000 | $551,000 |
$61,000 | $339,000 |
| Hispanic |
37 | $5,303,000 |
$143,000 | $400,000 |
$82,000 | $360,000 |
| Native Hawaiin or Other Pacific Islander |
5 | $842,000 |
$168,000 | $319,000 |
$68,000 | $89,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
2 | $120,000 |
$60,000 | $101,000 |
$119,000 | $119,000 |
| White |
1,162 | $162,767,000 |
$140,000 | $1,000,000 |
$78,000 | $1,327,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,346 | $181,765,000 |
$135,000 | $1,000,000 |
$80,000 | $1,327,000 |
| FHA-insured (Federal Housing Administration) |
453 | $59,851,000 |
$132,000 | $203,000 |
$49,000 | $202,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
4 | $436,000 |
$109,000 | $140,000 |
$46,000 | $57,000 |
| VA-guaranteed (Veterans Administration) |
73 | $14,733,000 |
$201,000 | $341,000 |
$63,000 | $118,000 |
|
|
| Application Approved But Not Accepted |
5 | $392,000 |
$78,000 | $122,000 |
$56,000 | $71,000 |
| Application Denied By Financial Institution |
38 | $4,848,000 |
$127,000 | $261,000 |
$50,000 | $134,000 |
| Application Withdrawn By Applicant |
261 | $36,537,000 |
$139,000 | $551,000 |
$62,000 | $383,000 |
| File Closed For Incompleteness |
24 | $3,241,000 |
$135,000 | $596,000 |
$69,000 | $280,000 |
| Loan Originated |
1,548 | $211,767,000 |
$136,000 | $1,000,000 |
$74,000 | $1,327,000 |
| 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 |
|
|
| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
12 | $1,454,000 |
$121,000 | $261,000 |
$55,000 | $118,000 |
| Debt-To-Income Ratio |
8 | $847,000 |
$105,000 | $160,000 |
$36,000 | $55,000 |
| Employment History |
2 | $183,000 |
$91,000 | $108,000 |
$25,000 | $30,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $351,000 |
$175,000 | $217,000 |
$89,000 | $128,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
3 | $473,000 |
$157,000 | $231,000 |
$67,000 | $134,000 |
| Unverifiable Information |
2 | $215,000 |
$107,000 | $157,000 |
$87,000 | $134,000 |
|
Mortgage Loan App Totals for COMMUNITY MORTGAGE CORP. by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
