|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
CORTRUST MORTGAGE, INC.
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
CORTRUST MORTGAGE, INC. |
| Address | 2101 S. MINNESOTA AVE.,
SIOUX FALLS, SD 57105 |
| 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 | 489 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $57,828,000 |
| Average Mortgage Loan Amount Applied For | $96,916 |
| Highest Mortgage Loan Amount Applied For | $616,000 |
| Average Applicant Income | $67,645 |
| Highest Applicant Income | $959,000 |
|
|
|
| Home Improvement |
4 | $323,000 |
$80,000 | $127,000 |
$71,000 | $101,000 |
| Home Purchase |
364 | $43,890,000 |
$120,000 | $616,000 |
$61,000 | $959,000 |
| Refinancing |
121 | $13,615,000 |
$112,000 | $417,000 |
$71,000 | $396,000 |
|
|
| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $50,000 |
$50,000 | $50,000 |
$190,000 | $190,000 |
| Black or African American |
2 | $245,000 |
$122,000 | $138,000 |
$40,000 | $55,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
1 | $130,000 |
$130,000 | $130,000 |
$48,000 | $48,000 |
| Not Provided |
17 | $2,087,000 |
$122,000 | $276,000 |
$118,000 | $959,000 |
| White |
468 | $55,316,000 |
$118,000 | $616,000 |
$62,000 | $438,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
346 | $45,200,000 |
$130,000 | $616,000 |
$74,000 | $959,000 |
| FHA-insured (Federal Housing Administration) |
22 | $2,406,000 |
$109,000 | $202,000 |
$50,000 | $87,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
106 | $8,160,000 |
$76,000 | $180,000 |
$32,000 | $65,000 |
| VA-guaranteed (Veterans Administration) |
15 | $2,062,000 |
$137,000 | $258,000 |
$63,000 | $102,000 |
|
|
| Application Approved But Not Accepted |
84 | $9,623,000 |
$114,000 | $358,000 |
$68,000 | $355,000 |
| Application Denied By Financial Institution |
68 | $5,778,000 |
$84,000 | $245,000 |
$47,000 | $396,000 |
| Application Withdrawn By Applicant |
1 | $137,000 |
$137,000 | $137,000 |
$51,000 | $51,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
336 | $42,290,000 |
$125,000 | $616,000 |
$66,000 | $959,000 |
| 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 |
10 | $697,000 |
$69,000 | $135,000 |
$38,000 | $102,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
26 | $2,135,000 |
$82,000 | $135,000 |
$39,000 | $76,000 |
| Debt-To-Income Ratio |
18 | $1,766,000 |
$98,000 | $245,000 |
$33,000 | $86,000 |
| Employment History |
2 | $156,000 |
$78,000 | $84,000 |
$21,000 | $21,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
5 | $510,000 |
$102,000 | $202,000 |
$36,000 | $49,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
6 | $471,000 |
$78,000 | $113,000 |
$163,000 | $396,000 |
| Unverifiable Information |
1 | $43,000 |
$43,000 | $43,000 |
$0 | $0 |
|
Mortgage Loan App Totals for CORTRUST MORTGAGE, INC. by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
