|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
FREEDOM MORTGAGE COMPANY
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
FREEDOM MORTGAGE COMPANY |
| Address | 1647 EAST MAIN STREET SUITE E
PLAINFIELD, IN 46168 |
| Agency | Federal Reserve System (FRS) |
| Year | 2004 |
| All Data Years | 2003 2004 |
| Total Number of Mortgage Loan Applications Processed | 203 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $28,651,000 |
| Average Mortgage Loan Amount Applied For | $127,888 |
| Highest Mortgage Loan Amount Applied For | $563,000 |
| Average Applicant Income | $106,888 |
| Highest Applicant Income | $746,000 |
|
|
|
| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
105 | $15,118,000 |
$143,000 | $563,000 |
$96,000 | $622,000 |
| Refinancing |
98 | $13,533,000 |
$138,000 | $450,000 |
$96,000 | $746,000 |
|
|
| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $159,000 |
$159,000 | $159,000 |
$98,000 | $98,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
31 | $6,008,000 |
$193,000 | $440,000 |
$128,000 | $622,000 |
| White |
171 | $22,484,000 |
$131,000 | $563,000 |
$84,000 | $746,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
182 | $26,229,000 |
$144,000 | $563,000 |
$104,000 | $746,000 |
| FHA-insured (Federal Housing Administration) |
18 | $2,068,000 |
$114,000 | $157,000 |
$64,000 | $160,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
3 | $354,000 |
$118,000 | $132,000 |
$65,000 | $87,000 |
|
|
| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
6 | $1,109,000 |
$184,000 | $440,000 |
$50,000 | $85,000 |
| Application Withdrawn By Applicant |
26 | $3,517,000 |
$135,000 | $450,000 |
$95,000 | $622,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
171 | $24,025,000 |
$140,000 | $563,000 |
$102,000 | $746,000 |
| 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 |
2 | $191,000 |
$95,000 | $116,000 |
$53,000 | $53,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $100,000 |
$100,000 | $100,000 |
$32,000 | $32,000 |
| Debt-To-Income Ratio |
3 | $818,000 |
$272,000 | $440,000 |
$56,000 | $85,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
Mortgage Loan App Totals for FREEDOM MORTGAGE COMPANY by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
