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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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CORNERSTONE MORTGAGE CENTER, I
Mortgage Loans and Application Details
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| Mortgage Company Name |
CORNERSTONE MORTGAGE CENTER, I |
| Address | 300 SOUTH SHACKLEFORD ROAD
LITTLE ROCK, AR 72058 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 739 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $93,551,000 |
| Average Mortgage Loan Amount Applied For | $113,333 |
| Highest Mortgage Loan Amount Applied For | $498,000 |
| Average Applicant Income | $60,545 |
| Highest Applicant Income | $804,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
583 | $72,793,000 |
$124,000 | $498,000 |
$59,000 | $341,000 |
| Refinancing |
156 | $20,758,000 |
$133,000 | $431,000 |
$85,000 | $804,000 |
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| American Indian or Alaskan Native |
2 | $385,000 |
$192,000 | $300,000 |
$77,000 | $107,000 |
| Asian |
7 | $899,000 |
$128,000 | $187,000 |
$89,000 | $173,000 |
| Black or African American |
80 | $8,684,000 |
$108,000 | $230,000 |
$50,000 | $146,000 |
| Hispanic |
10 | $1,204,000 |
$120,000 | $190,000 |
$58,000 | $144,000 |
| Native Hawaiin or Other Pacific Islander |
4 | $629,000 |
$157,000 | $198,000 |
$81,000 | $104,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
101 | $13,145,000 |
$130,000 | $450,000 |
$55,000 | $250,000 |
| White |
535 | $68,605,000 |
$128,000 | $498,000 |
$68,000 | $804,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
313 | $45,141,000 |
$144,000 | $498,000 |
$80,000 | $804,000 |
| FHA-insured (Federal Housing Administration) |
344 | $36,872,000 |
$107,000 | $203,000 |
$51,000 | $341,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
82 | $11,538,000 |
$140,000 | $302,000 |
$60,000 | $180,000 |
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| Application Approved But Not Accepted |
25 | $3,219,000 |
$128,000 | $397,000 |
$51,000 | $145,000 |
| Application Denied By Financial Institution |
72 | $8,624,000 |
$119,000 | $468,000 |
$55,000 | $187,000 |
| Application Withdrawn By Applicant |
62 | $8,775,000 |
$141,000 | $450,000 |
$69,000 | $804,000 |
| File Closed For Incompleteness |
13 | $1,377,000 |
$105,000 | $159,000 |
$41,000 | $109,000 |
| Loan Originated |
567 | $71,556,000 |
$126,000 | $498,000 |
$66,000 | $380,000 |
| 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 |
2 | $484,000 |
$242,000 | $369,000 |
$106,000 | $187,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
30 | $3,808,000 |
$126,000 | $468,000 |
$47,000 | $110,000 |
| Debt-To-Income Ratio |
2 | $331,000 |
$165,000 | $171,000 |
$65,000 | $66,000 |
| Employment History |
4 | $462,000 |
$115,000 | $172,000 |
$36,000 | $51,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
7 | $589,000 |
$84,000 | $187,000 |
$58,000 | $146,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
3 | $189,000 |
$63,000 | $107,000 |
$84,000 | $142,000 |
| Unverifiable Information |
3 | $487,000 |
$162,000 | $206,000 |
$82,000 | $155,000 |
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Mortgage Loan App Totals for CORNERSTONE MORTGAGE CENTER, I by:
Metropolitan Area And
County
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