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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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CUSO MORTGAGE CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
CUSO MORTGAGE CORPORATION |
| Address | PO BOX 663
HAMPDEN, ME 04444 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 378 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $48,856,000 |
| Average Mortgage Loan Amount Applied For | $123,687 |
| Highest Mortgage Loan Amount Applied For | $540,000 |
| Average Applicant Income | $52,000 |
| Highest Applicant Income | $418,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
154 | $20,924,000 |
$135,000 | $540,000 |
$61,000 | $418,000 |
| Refinancing |
251 | $32,132,000 |
$128,000 | $400,000 |
$54,000 | $202,000 |
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| American Indian or Alaskan Native |
1 | $85,000 |
$85,000 | $85,000 |
$54,000 | $54,000 |
| Asian |
2 | $362,000 |
$181,000 | $197,000 |
$46,000 | $63,000 |
| Black or African American |
1 | $100,000 |
$100,000 | $100,000 |
$74,000 | $74,000 |
| Hispanic |
1 | $128,000 |
$128,000 | $128,000 |
$44,000 | $44,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
5 | $967,000 |
$193,000 | $286,000 |
$59,000 | $129,000 |
| White |
395 | $51,414,000 |
$130,000 | $540,000 |
$56,000 | $418,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
378 | $49,868,000 |
$131,000 | $540,000 |
$57,000 | $418,000 |
| FHA-insured (Federal Housing Administration) |
17 | $1,952,000 |
$114,000 | $174,000 |
$43,000 | $79,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
10 | $1,236,000 |
$123,000 | $231,000 |
$51,000 | $111,000 |
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| Application Approved But Not Accepted |
2 | $390,000 |
$195,000 | $240,000 |
$73,000 | $74,000 |
| Application Denied By Financial Institution |
39 | $4,764,000 |
$122,000 | $266,000 |
$47,000 | $130,000 |
| Application Withdrawn By Applicant |
25 | $3,744,000 |
$149,000 | $540,000 |
$47,000 | $114,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
321 | $41,310,000 |
$128,000 | $380,000 |
$59,000 | $418,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
12 | $1,774,000 |
$147,000 | $190,000 |
$42,000 | $73,000 |
| Preapproval Denied by Financial Institution |
6 | $1,074,000 |
$179,000 | $360,000 |
$59,000 | $129,000 |
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| Collateral |
16 | $1,621,000 |
$101,000 | $219,000 |
$51,000 | $130,000 |
| Credit Application Incomplete |
3 | $484,000 |
$161,000 | $286,000 |
$67,000 | $129,000 |
| Credit History |
3 | $185,000 |
$61,000 | $87,000 |
$39,000 | $76,000 |
| Debt-To-Income Ratio |
6 | $970,000 |
$161,000 | $266,000 |
$42,000 | $57,000 |
| Employment History |
2 | $281,000 |
$140,000 | $185,000 |
$11,000 | $22,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $80,000 |
$80,000 | $80,000 |
$23,000 | $23,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
4 | $663,000 |
$165,000 | $253,000 |
$64,000 | $90,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for CUSO MORTGAGE CORPORATION by:
Metropolitan Area And
County
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