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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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D & R MORTGAGE CORP
Mortgage Loans and Application Details
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| Mortgage Company Name |
D & R MORTGAGE CORP |
| Address | 29870 MIDDLEBELT ROAD #100
FARMINGTON HILLS, MI 48334 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 469 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $65,850,000 |
| Average Mortgage Loan Amount Applied For | $137,818 |
| Highest Mortgage Loan Amount Applied For | $929,000 |
| Average Applicant Income | $54,818 |
| Highest Applicant Income | $540,000 |
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| Home Improvement |
1 | $100,000 |
$100,000 | $100,000 |
$90,000 | $90,000 |
| Home Purchase |
305 | $41,829,000 |
$137,000 | $350,000 |
$61,000 | $540,000 |
| Refinancing |
277 | $39,271,000 |
$141,000 | $929,000 |
$52,000 | $144,000 |
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| American Indian or Alaskan Native |
1 | $159,000 |
$159,000 | $159,000 |
$31,000 | $31,000 |
| Asian |
1 | $206,000 |
$206,000 | $206,000 |
$62,000 | $62,000 |
| Black or African American |
59 | $7,642,000 |
$129,000 | $315,000 |
$59,000 | $141,000 |
| Hispanic |
11 | $1,471,000 |
$133,000 | $177,000 |
$49,000 | $78,000 |
| Native Hawaiin or Other Pacific Islander |
8 | $1,212,000 |
$151,000 | $207,000 |
$49,000 | $92,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
9 | $1,386,000 |
$154,000 | $223,000 |
$63,000 | $90,000 |
| White |
494 | $69,124,000 |
$139,000 | $929,000 |
$57,000 | $540,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
105 | $14,091,000 |
$134,000 | $929,000 |
$79,000 | $540,000 |
| FHA-insured (Federal Housing Administration) |
478 | $67,109,000 |
$140,000 | $251,000 |
$52,000 | $138,000 |
| 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 |
16 | $2,294,000 |
$143,000 | $217,000 |
$75,000 | $141,000 |
| Application Denied By Financial Institution |
97 | $14,218,000 |
$146,000 | $929,000 |
$58,000 | $127,000 |
| Application Withdrawn By Applicant |
140 | $19,062,000 |
$136,000 | $350,000 |
$68,000 | $540,000 |
| File Closed For Incompleteness |
28 | $3,838,000 |
$137,000 | $244,000 |
$61,000 | $121,000 |
| Loan Originated |
302 | $41,788,000 |
$138,000 | $281,000 |
$50,000 | $144,000 |
| 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 |
30 | $4,361,000 |
$145,000 | $929,000 |
$55,000 | $125,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
27 | $3,907,000 |
$144,000 | $229,000 |
$60,000 | $121,000 |
| Debt-To-Income Ratio |
23 | $3,467,000 |
$150,000 | $260,000 |
$61,000 | $127,000 |
| Employment History |
1 | $166,000 |
$166,000 | $166,000 |
$54,000 | $54,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
10 | $1,512,000 |
$151,000 | $222,000 |
$54,000 | $121,000 |
| Unverifiable Information |
6 | $805,000 |
$134,000 | $178,000 |
$60,000 | $78,000 |
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Mortgage Loan App Totals for D & R MORTGAGE CORP by:
Metropolitan Area And
County
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