|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
EXCEL MORTGAGE CORPORATION
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
EXCEL MORTGAGE CORPORATION |
| Address | 6100 ROCKSIDE WOODS BLVD. #225
INDEPENDENCE, OH 44131 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 27 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $2,763,000 |
| Average Mortgage Loan Amount Applied For | $112,500 |
| Highest Mortgage Loan Amount Applied For | $238,000 |
| Average Applicant Income | $10,833 |
| Highest Applicant Income | $150,000 |
|
|
|
| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
3 | $419,000 |
$139,000 | $238,000 |
$49,000 | $66,000 |
| Refinancing |
24 | $2,344,000 |
$97,000 | $225,000 |
$12,000 | $150,000 |
|
|
| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
9 | $721,000 |
$80,000 | $111,000 |
$1,000 | $14,000 |
| Hispanic |
1 | $16,000 |
$16,000 | $16,000 |
$150,000 | $150,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
17 | $2,026,000 |
$119,000 | $238,000 |
$17,000 | $74,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
4 | $305,000 |
$76,000 | $238,000 |
$76,000 | $150,000 |
| FHA-insured (Federal Housing Administration) |
23 | $2,458,000 |
$106,000 | $225,000 |
$6,000 | $66,000 |
| 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 |
|
|
| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
19 | $2,229,000 |
$117,000 | $238,000 |
$11,000 | $74,000 |
| Application Withdrawn By Applicant |
5 | $466,000 |
$93,000 | $151,000 |
$13,000 | $66,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
3 | $68,000 |
$22,000 | $30,000 |
$58,000 | $150,000 |
| 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 |
9 | $888,000 |
$98,000 | $152,000 |
$9,000 | $44,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $225,000 |
$225,000 | $225,000 |
$0 | $0 |
| Debt-To-Income Ratio |
1 | $21,000 |
$21,000 | $21,000 |
$74,000 | $74,000 |
| 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 |
8 | $1,095,000 |
$136,000 | $238,000 |
$7,000 | $59,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
Mortgage Loan App Totals for EXCEL MORTGAGE CORPORATION by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
