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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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FIELDSTONE MORTGAGE COMPANY
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIELDSTONE MORTGAGE COMPANY |
| Address | 11000 BROKEN LAND PARKWAY, SUITE 600
COLUMBIA, MD 21044 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 69,765 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $11,920,086,000 |
| Average Mortgage Loan Amount Applied For | $125,422 |
| Highest Mortgage Loan Amount Applied For | $4,581,000 |
| Average Applicant Income | $72,909 |
| Highest Applicant Income | $9,999,000 |
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| Home Improvement |
535 | $104,094,000 |
$194,000 | $1,000,000 |
$141,000 | $980,000 |
| Home Purchase |
43,354 | $6,703,599,000 |
$154,000 | $4,500,000 |
$93,000 | $4,320,000 |
| Refinancing |
26,897 | $5,244,919,000 |
$195,000 | $4,581,000 |
$93,000 | $9,999,000 |
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| American Indian or Alaskan Native |
268 | $41,641,000 |
$155,000 | $747,000 |
$92,000 | $694,000 |
| Asian |
2,040 | $490,356,000 |
$240,000 | $1,500,000 |
$125,000 | $1,794,000 |
| Black or African American |
10,948 | $1,607,300,000 |
$146,000 | $1,650,000 |
$88,000 | $4,320,000 |
| Hispanic |
18,976 | $3,638,831,000 |
$191,000 | $1,400,000 |
$99,000 | $7,020,000 |
| Native Hawaiin or Other Pacific Islander |
410 | $93,112,000 |
$227,000 | $878,000 |
$110,000 | $2,185,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
7,052 | $1,188,613,000 |
$168,000 | $1,450,000 |
$87,000 | $4,070,000 |
| White |
31,092 | $4,992,759,000 |
$160,000 | $4,581,000 |
$91,000 | $9,999,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
70,622 | $12,025,158,000 |
$170,000 | $4,581,000 |
$93,000 | $9,999,000 |
| FHA-insured (Federal Housing Administration) |
137 | $23,463,000 |
$171,000 | $342,000 |
$71,000 | $836,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
2 | $269,000 |
$134,000 | $144,000 |
$42,000 | $50,000 |
| VA-guaranteed (Veterans Administration) |
25 | $3,722,000 |
$148,000 | $286,000 |
$72,000 | $262,000 |
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| Application Approved But Not Accepted |
4,890 | $796,485,000 |
$162,000 | $1,333,000 |
$87,000 | $2,957,000 |
| Application Denied By Financial Institution |
14,764 | $2,586,334,000 |
$175,000 | $4,581,000 |
$90,000 | $9,999,000 |
| Application Withdrawn By Applicant |
16,054 | $2,931,413,000 |
$182,000 | $4,500,000 |
$94,000 | $3,654,000 |
| File Closed For Incompleteness |
1,935 | $272,814,000 |
$140,000 | $1,300,000 |
$84,000 | $1,314,000 |
| Loan Originated |
32,122 | $5,333,040,000 |
$166,000 | $1,690,000 |
$96,000 | $3,461,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
4 | $517,000 |
$129,000 | $201,000 |
$63,000 | $81,000 |
| Preapproval Denied by Financial Institution |
1,017 | $132,009,000 |
$129,000 | $1,000,000 |
$77,000 | $907,000 |
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| Collateral |
607 | $116,767,000 |
$192,000 | $1,080,000 |
$150,000 | $4,320,000 |
| Credit Application Incomplete |
100 | $20,980,000 |
$209,000 | $1,450,000 |
$87,000 | $637,000 |
| Credit History |
2,741 | $455,697,000 |
$166,000 | $1,200,000 |
$77,000 | $7,020,000 |
| Debt-To-Income Ratio |
969 | $179,791,000 |
$185,000 | $1,242,000 |
$88,000 | $1,036,000 |
| Employment History |
208 | $35,137,000 |
$168,000 | $800,000 |
$88,000 | $685,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
75 | $13,415,000 |
$178,000 | $844,000 |
$158,000 | $3,237,000 |
| Mortgage Insurance Denied |
1 | $321,000 |
$321,000 | $321,000 |
$78,000 | $78,000 |
| Other |
5,710 | $937,600,000 |
$164,000 | $1,650,000 |
$82,000 | $2,206,000 |
| Unverifiable Information |
609 | $151,356,000 |
$248,000 | $1,004,000 |
$133,000 | $3,173,000 |
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Mortgage Loan App Totals for FIELDSTONE MORTGAGE COMPANY by:
Metropolitan Area And
County
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