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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 COMPANY
Mortgage Loans and Application Details
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| Mortgage Company Name |
CORNERSTONE MORTGAGE COMPANY |
| Address | 1177 WEST LOOP SOUTH, SUITE 200
HOUSTON, TX 77027 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 13,522 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $1,879,803,000 |
| Average Mortgage Loan Amount Applied For | $171,186 |
| Highest Mortgage Loan Amount Applied For | $3,750,000 |
| Average Applicant Income | $111,360 |
| Highest Applicant Income | $9,432,000 |
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| Home Improvement |
14 | $5,295,000 |
$378,000 | $1,000,000 |
$215,000 | $428,000 |
| Home Purchase |
11,775 | $1,577,415,000 |
$133,000 | $3,750,000 |
$105,000 | $9,432,000 |
| Refinancing |
1,827 | $309,418,000 |
$169,000 | $1,788,000 |
$112,000 | $2,622,000 |
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| American Indian or Alaskan Native |
33 | $4,111,000 |
$124,000 | $315,000 |
$70,000 | $345,000 |
| Asian |
364 | $44,492,000 |
$122,000 | $1,000,000 |
$125,000 | $750,000 |
| Black or African American |
631 | $78,747,000 |
$124,000 | $1,138,000 |
$86,000 | $1,200,000 |
| Hispanic |
1,412 | $150,018,000 |
$106,000 | $1,265,000 |
$73,000 | $762,000 |
| Native Hawaiin or Other Pacific Islander |
59 | $7,368,000 |
$124,000 | $366,000 |
$99,000 | $321,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
3,888 | $554,155,000 |
$142,000 | $1,703,000 |
$110,000 | $9,432,000 |
| White |
7,229 | $1,053,237,000 |
$145,000 | $3,750,000 |
$111,000 | $8,931,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
11,674 | $1,647,070,000 |
$141,000 | $3,750,000 |
$114,000 | $9,432,000 |
| FHA-insured (Federal Housing Administration) |
1,417 | $161,944,000 |
$114,000 | $450,000 |
$56,000 | $1,833,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
43 | $5,155,000 |
$119,000 | $201,000 |
$40,000 | $75,000 |
| VA-guaranteed (Veterans Administration) |
482 | $77,959,000 |
$161,000 | $403,000 |
$69,000 | $931,000 |
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| Application Approved But Not Accepted |
202 | $24,372,000 |
$120,000 | $777,000 |
$109,000 | $1,200,000 |
| Application Denied By Financial Institution |
532 | $66,532,000 |
$125,000 | $650,000 |
$83,000 | $1,833,000 |
| Application Withdrawn By Applicant |
1,840 | $265,300,000 |
$144,000 | $1,900,000 |
$102,000 | $4,492,000 |
| File Closed For Incompleteness |
190 | $28,937,000 |
$152,000 | $1,158,000 |
$163,000 | $9,432,000 |
| Loan Originated |
10,758 | $1,494,662,000 |
$138,000 | $3,750,000 |
$108,000 | $8,931,000 |
| 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 |
94 | $12,325,000 |
$131,000 | $284,000 |
$49,000 | $180,000 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for CORNERSTONE MORTGAGE COMPANY by:
Metropolitan Area And
County
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