|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
FIRST COLONY MORTGAGE CORP
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
FIRST COLONY MORTGAGE CORP |
| Address | 1320 SOUTH 740 EAST
OREM, UT 84097 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 960 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $161,899,000 |
| Average Mortgage Loan Amount Applied For | $166,486 |
| Highest Mortgage Loan Amount Applied For | $912,000 |
| Average Applicant Income | $98,918 |
| Highest Applicant Income | $1,500,000 |
|
|
|
| Home Improvement |
2 | $105,000 |
$52,000 | $80,000 |
$44,000 | $88,000 |
| Home Purchase |
650 | $102,461,000 |
$157,000 | $863,000 |
$79,000 | $980,000 |
| Refinancing |
308 | $59,333,000 |
$192,000 | $912,000 |
$122,000 | $1,500,000 |
|
|
| American Indian or Alaskan Native |
6 | $1,096,000 |
$182,000 | $289,000 |
$78,000 | $115,000 |
| Asian |
12 | $1,744,000 |
$145,000 | $546,000 |
$118,000 | $300,000 |
| Black or African American |
3 | $881,000 |
$293,000 | $400,000 |
$133,000 | $259,000 |
| Hispanic |
54 | $8,970,000 |
$166,000 | $417,000 |
$66,000 | $379,000 |
| Native Hawaiin or Other Pacific Islander |
4 | $591,000 |
$147,000 | $205,000 |
$43,000 | $78,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
5 | $1,217,000 |
$243,000 | $465,000 |
$128,000 | $180,000 |
| White |
876 | $147,400,000 |
$168,000 | $912,000 |
$94,000 | $1,500,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
760 | $132,912,000 |
$174,000 | $912,000 |
$105,000 | $1,500,000 |
| FHA-insured (Federal Housing Administration) |
195 | $28,197,000 |
$144,000 | $235,000 |
$46,000 | $365,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
2 | $364,000 |
$182,000 | $196,000 |
$53,000 | $55,000 |
| VA-guaranteed (Veterans Administration) |
3 | $426,000 |
$142,000 | $168,000 |
$35,000 | $56,000 |
|
|
| Application Approved But Not Accepted |
4 | $694,000 |
$173,000 | $246,000 |
$72,000 | $101,000 |
| Application Denied By Financial Institution |
26 | $4,333,000 |
$166,000 | $600,000 |
$72,000 | $150,000 |
| Application Withdrawn By Applicant |
73 | $12,046,000 |
$165,000 | $571,000 |
$79,000 | $372,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
857 | $144,826,000 |
$168,000 | $912,000 |
$95,000 | $1,500,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
Mortgage Loan App Totals for FIRST COLONY MORTGAGE CORP by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
