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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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FREEDOM MORTGAGE CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
FREEDOM MORTGAGE CORPORATION |
| Address | 22100 MASTICK RD.
FAIRVIEW PARK, OH 44126 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2005 |
| All Data Years | 2003 2004 2005 |
| Total Number of Mortgage Loan Applications Processed | 852 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $88,709,000 |
| Average Mortgage Loan Amount Applied For | $109,700 |
| Highest Mortgage Loan Amount Applied For | $813,000 |
| Average Applicant Income | $53,050 |
| Highest Applicant Income | $544,000 |
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| Home Improvement |
1 | $1,000 |
$1,000 | $1,000 |
$37,000 | $37,000 |
| Home Purchase |
843 | $88,572,000 |
$105,000 | $813,000 |
$50,000 | $544,000 |
| Refinancing |
8 | $136,000 |
$17,000 | $93,000 |
$34,000 | $72,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $109,000 |
$109,000 | $109,000 |
$85,000 | $85,000 |
| Black or African American |
37 | $4,052,000 |
$109,000 | $220,000 |
$58,000 | $118,000 |
| Hispanic |
20 | $2,164,000 |
$108,000 | $197,000 |
$35,000 | $74,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
6 | $763,000 |
$127,000 | $189,000 |
$58,000 | $110,000 |
| White |
788 | $81,621,000 |
$103,000 | $813,000 |
$49,000 | $544,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
561 | $57,716,000 |
$102,000 | $813,000 |
$55,000 | $544,000 |
| FHA-insured (Federal Housing Administration) |
262 | $27,039,000 |
$103,000 | $216,000 |
$42,000 | $168,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
29 | $3,954,000 |
$136,000 | $220,000 |
$48,000 | $94,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
852 | $88,709,000 |
$104,000 | $813,000 |
$49,000 | $544,000 |
| 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 |
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| 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 |
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Mortgage Loan App Totals for FREEDOM MORTGAGE CORPORATION by:
Metropolitan Area And
County
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