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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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CUNNINGHAM & COMPANY
Mortgage Loans and Application Details
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| Mortgage Company Name |
CUNNINGHAM & COMPANY |
| Address | 804 GREEN VALLEY ROAD
GREENSBORO, NC 27408 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,223 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $366,405,000 |
| Average Mortgage Loan Amount Applied For | $197,439 |
| Highest Mortgage Loan Amount Applied For | $2,800,000 |
| Average Applicant Income | $155,681 |
| Highest Applicant Income | $3,208,000 |
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| Home Improvement |
2 | $3,100,000 |
$1,550,000 | $2,800,000 |
$425,000 | $692,000 |
| Home Purchase |
1,898 | $300,666,000 |
$158,000 | $1,500,000 |
$83,000 | $919,000 |
| Refinancing |
323 | $62,639,000 |
$193,000 | $1,500,000 |
$113,000 | $3,208,000 |
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| American Indian or Alaskan Native |
1 | $200,000 |
$200,000 | $200,000 |
$87,000 | $87,000 |
| Asian |
27 | $3,576,000 |
$132,000 | $368,000 |
$53,000 | $205,000 |
| Black or African American |
122 | $16,089,000 |
$131,000 | $1,000,000 |
$60,000 | $564,000 |
| Hispanic |
61 | $7,068,000 |
$115,000 | $344,000 |
$53,000 | $146,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $185,000 |
$185,000 | $185,000 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
53 | $8,304,000 |
$156,000 | $600,000 |
$76,000 | $255,000 |
| White |
1,958 | $330,983,000 |
$169,000 | $2,800,000 |
$91,000 | $3,208,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,952 | $332,452,000 |
$170,000 | $2,800,000 |
$92,000 | $3,208,000 |
| FHA-insured (Federal Housing Administration) |
236 | $28,611,000 |
$121,000 | $203,000 |
$51,000 | $174,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
35 | $5,342,000 |
$152,000 | $273,000 |
$56,000 | $107,000 |
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| Application Approved But Not Accepted |
2 | $324,000 |
$162,000 | $180,000 |
$93,000 | $136,000 |
| Application Denied By Financial Institution |
44 | $5,296,000 |
$120,000 | $500,000 |
$34,000 | $136,000 |
| Application Withdrawn By Applicant |
198 | $33,344,000 |
$168,000 | $1,500,000 |
$98,000 | $1,250,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
1,979 | $327,441,000 |
$165,000 | $2,800,000 |
$87,000 | $3,208,000 |
| 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 |
8 | $943,000 |
$117,000 | $406,000 |
$46,000 | $136,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
16 | $2,054,000 |
$128,000 | $248,000 |
$37,000 | $71,000 |
| Debt-To-Income Ratio |
6 | $449,000 |
$74,000 | $124,000 |
$23,000 | $41,000 |
| Employment History |
2 | $167,000 |
$83,000 | $134,000 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $187,000 |
$93,000 | $100,000 |
$43,000 | $55,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
6 | $690,000 |
$115,000 | $144,000 |
$39,000 | $50,000 |
| Unverifiable Information |
4 | $806,000 |
$201,000 | $500,000 |
$19,000 | $42,000 |
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Mortgage Loan App Totals for CUNNINGHAM & COMPANY by:
Metropolitan Area And
County
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