| $3,446,236,491 in Mortgage Loans Applied for in 2008 from 17,391,570 Applications |
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FIELDSTONE MORTGAGE COMPANY
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIELDSTONE MORTGAGE COMPANY |
| Address | 11000 BROKEN LAND PARKWAY, SUITE 900
COLUMBIA, MD 21044 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2005 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 |
| Total Number of Mortgage Loan Applications Processed | 89,168 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $14,679,075,000 |
| Average Mortgage Loan Amount Applied For | $110,622 |
| Highest Mortgage Loan Amount Applied For | $99,999,000 |
| Average Applicant Income | $61,117 |
| Highest Applicant Income | $9,999,000 |
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| Home Improvement |
74 | $11,413,000 |
$109,687 | $1,505,000 |
$96,250 | $900,000 |
| Home Purchase |
55,919 | $8,298,760,000 |
$123,596 | $7,080,000 |
$68,019 | $7,625,000 |
| Refinancing |
33,414 | $6,397,463,000 |
$158,200 | $99,999,000 |
$75,540 | $9,999,000 |
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| American Indian or Alaskan Native |
1,039 | $171,700,000 |
$129,809 | $750,000 |
$63,809 | $2,444,000 |
| Asian |
3,399 | $792,229,000 |
$157,395 | $1,120,000 |
$90,511 | $9,999,000 |
| Black or African American |
11,456 | $1,592,047,000 |
$126,363 | $7,080,000 |
$61,022 | $2,704,000 |
| Hispanic |
21,804 | $3,896,854,000 |
$130,469 | $2,160,000 |
$59,367 | $6,000,000 |
| Native Hawaiin or Other Pacific Islander |
425 | $103,294,000 |
$147,250 | $1,007,000 |
$65,321 | $550,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
10,551 | $1,541,795,000 |
$128,510 | $2,350,000 |
$63,857 | $5,444,000 |
| White |
40,733 | $6,609,717,000 |
$144,420 | $99,999,000 |
$78,800 | $7,625,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
88,531 | $14,581,487,000 |
$137,981 | $99,999,000 |
$70,905 | $9,999,000 |
| FHA-insured (Federal Housing Administration) |
751 | $104,308,000 |
$150,480 | $473,000 |
$49,040 | $785,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
4 | $580,000 |
$151,000 | $167,000 |
$42,666 | $50,000 |
| VA-guaranteed (Veterans Administration) |
121 | $21,261,000 |
$179,090 | $364,000 |
$60,545 | $383,000 |
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| Application Approved But Not Accepted |
3,896 | $561,787,000 |
$135,404 | $1,120,000 |
$62,659 | $1,901,000 |
| Application Denied By Financial Institution |
13,826 | $2,316,490,000 |
$144,460 | $99,999,000 |
$64,500 | $9,999,000 |
| Application Withdrawn By Applicant |
25,537 | $4,043,890,000 |
$138,153 | $3,114,000 |
$75,134 | $6,000,000 |
| File Closed For Incompleteness |
1,397 | $232,435,000 |
$128,756 | $800,000 |
$68,702 | $920,000 |
| Loan Originated |
44,519 | $7,525,638,000 |
$138,877 | $2,000,000 |
$80,040 | $7,625,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
9 | $1,679,000 |
$186,000 | $675,000 |
$50,000 | $204,000 |
| Preapproval Denied by Financial Institution |
223 | $25,717,000 |
$115,000 | $520,000 |
$68,000 | $397,000 |
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| Collateral |
114 | $26,940,000 |
$178,130 | $2,700,000 |
$127,695 | $960,000 |
| Credit Application Incomplete |
24 | $7,714,000 |
$380,285 | $2,000,000 |
$122,857 | $888,000 |
| Credit History |
536 | $108,367,000 |
$136,727 | $1,495,000 |
$55,545 | $480,000 |
| Debt-To-Income Ratio |
327 | $64,019,000 |
$150,352 | $1,120,000 |
$64,294 | $468,000 |
| Employment History |
46 | $9,943,000 |
$154,714 | $866,000 |
$65,285 | $360,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
19 | $2,791,000 |
$138,625 | $520,000 |
$73,375 | $1,248,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
347 | $62,302,000 |
$145,151 | $1,200,000 |
$85,666 | $596,000 |
| Unverifiable Information |
67 | $14,515,000 |
$194,450 | $650,000 |
$83,100 | $600,000 |
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Mortgage Loan Application Totals for FIELDSTONE MORTGAGE COMPANY by:
Metropolitan Area And
County
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