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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 SERVICES
Mortgage Loans and Application Details
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| Mortgage Company Name |
CORNERSTONE MORTGAGE SERVICES |
| Address | 256 N. KENTUCKY AVE.
LAKELAND, FL 33801 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 44 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $6,316,000 |
| Average Mortgage Loan Amount Applied For | $147,000 |
| Highest Mortgage Loan Amount Applied For | $337,000 |
| Average Applicant Income | $42,333 |
| Highest Applicant Income | $199,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
25 | $3,931,000 |
$157,000 | $337,000 |
$66,000 | $199,000 |
| Refinancing |
19 | $2,385,000 |
$125,000 | $232,000 |
$53,000 | $114,000 |
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| American Indian or Alaskan Native |
1 | $133,000 |
$133,000 | $133,000 |
$199,000 | $199,000 |
| Asian |
1 | $337,000 |
$337,000 | $337,000 |
$97,000 | $97,000 |
| Black or African American |
2 | $223,000 |
$111,000 | $114,000 |
$43,000 | $48,000 |
| Hispanic |
2 | $301,000 |
$150,000 | $187,000 |
$49,000 | $58,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
2 | $290,000 |
$145,000 | $232,000 |
$0 | $0 |
| White |
36 | $5,032,000 |
$139,000 | $325,000 |
$61,000 | $125,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
27 | $3,981,000 |
$147,000 | $337,000 |
$67,000 | $199,000 |
| FHA-insured (Federal Housing Administration) |
15 | $2,025,000 |
$135,000 | $187,000 |
$49,000 | $80,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
2 | $310,000 |
$155,000 | $201,000 |
$62,000 | $77,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
44 | $6,316,000 |
$143,000 | $337,000 |
$61,000 | $199,000 |
| 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 |
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 SERVICES by:
Metropolitan Area And
County
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