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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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GROUP ONE MORTGAGE CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
GROUP ONE MORTGAGE CORPORATION |
| Address | 19500 VICTOR PARKWAY SUITE 120
LIVONIA, MI 48152 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 327 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $45,932,000 |
| Average Mortgage Loan Amount Applied For | $120,666 |
| Highest Mortgage Loan Amount Applied For | $629,000 |
| Average Applicant Income | $118,666 |
| Highest Applicant Income | $417,000 |
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| Home Improvement |
21 | $1,459,000 |
$69,000 | $255,000 |
$102,000 | $241,000 |
| Home Purchase |
239 | $33,834,000 |
$141,000 | $671,000 |
$83,000 | $463,000 |
| Refinancing |
77 | $13,257,000 |
$172,000 | $536,000 |
$100,000 | $480,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
6 | $1,002,000 |
$167,000 | $254,000 |
$92,000 | $110,000 |
| Black or African American |
47 | $6,342,000 |
$134,000 | $629,000 |
$74,000 | $275,000 |
| Hispanic |
2 | $118,000 |
$59,000 | $61,000 |
$105,000 | $165,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
11 | $1,663,000 |
$151,000 | $265,000 |
$75,000 | $224,000 |
| White |
271 | $39,425,000 |
$145,000 | $671,000 |
$91,000 | $480,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
314 | $45,602,000 |
$145,000 | $671,000 |
$91,000 | $480,000 |
| FHA-insured (Federal Housing Administration) |
23 | $2,948,000 |
$128,000 | $202,000 |
$55,000 | $147,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
12 | $1,775,000 |
$147,000 | $375,000 |
$84,000 | $186,000 |
| Application Withdrawn By Applicant |
5 | $1,327,000 |
$265,000 | $671,000 |
$124,000 | $463,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
320 | $45,448,000 |
$142,000 | $629,000 |
$88,000 | $480,000 |
| 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 |
2 | $385,000 |
$192,000 | $300,000 |
$119,000 | $186,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $79,000 |
$79,000 | $79,000 |
$17,000 | $17,000 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
2 | $405,000 |
$202,000 | $375,000 |
$105,000 | $105,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
7 | $906,000 |
$129,000 | $213,000 |
$78,000 | $109,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for GROUP ONE MORTGAGE CORPORATION by:
Metropolitan Area And
County
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