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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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CROSSROADS MORTGAGE, INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
CROSSROADS MORTGAGE, INC. |
| Address | 850 RIDGELAKE BLVD SUITE 250
MEMPHIS, TN 38120 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 8,162 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $835,254,000 |
| Average Mortgage Loan Amount Applied For | $87,201 |
| Highest Mortgage Loan Amount Applied For | $1,099,000 |
| Average Applicant Income | $51,836 |
| Highest Applicant Income | $972,000 |
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| Home Improvement (one-to-four family) |
76 | $3,140,000 |
$38,666 | $130,000 |
$48,333 | $299,000 |
| Home Purchase (one-to-four family) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
8,086 | $832,114,000 |
$86,600 | $1,099,000 |
$50,200 | $972,000 |
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| American Indian or Alaskan Native |
58 | $5,038,000 |
$82,666 | $219,000 |
$45,000 | $127,000 |
| Asian or Pacific Islander |
34 | $4,738,000 |
$123,666 | $1,099,000 |
$83,333 | $650,000 |
| Black |
1,644 | $136,215,000 |
$74,500 | $319,000 |
$49,000 | $880,000 |
| Hispanic |
47 | $5,276,000 |
$117,666 | $261,000 |
$62,666 | $122,000 |
| Information not provided by applicant in mail or telephone application |
345 | $32,710,000 |
$91,000 | $550,000 |
$52,000 | $451,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
54 | $5,759,000 |
$83,666 | $457,000 |
$37,666 | $108,000 |
| White |
5,980 | $645,518,000 |
$91,400 | $875,000 |
$51,400 | $972,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
8,162 | $835,254,000 |
$86,200 | $1,099,000 |
$50,200 | $972,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
2,346 | $243,350,000 |
$99,000 | $821,000 |
$57,000 | $972,000 |
| Application Denied By Financial Institution |
4,047 | $383,924,000 |
$83,200 | $1,099,000 |
$46,600 | $960,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
1,769 | $207,980,000 |
$100,000 | $875,000 |
$57,000 | $656,000 |
| Loan Purchased By The 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 CROSSROADS MORTGAGE, INC. by:
Metropolitan Area And
County
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