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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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HAMILTON MORTGAGE CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
HAMILTON MORTGAGE CORPORATION |
| Address | #1 INDEPENDENCE PLAZA, SUITE 416
BIRMINGHAM, AL 35209 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,154 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $303,826,000 |
| Average Mortgage Loan Amount Applied For | $134,617 |
| Highest Mortgage Loan Amount Applied For | $975,000 |
| Average Applicant Income | $77,074 |
| Highest Applicant Income | $1,080,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
1,327 | $181,331,000 |
$136,000 | $920,000 |
$77,000 | $960,000 |
| Refinancing |
827 | $122,495,000 |
$148,000 | $975,000 |
$79,000 | $1,080,000 |
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| American Indian or Alaskan Native |
5 | $524,000 |
$104,000 | $195,000 |
$101,000 | $160,000 |
| Asian |
9 | $1,413,000 |
$157,000 | $351,000 |
$63,000 | $144,000 |
| Black or African American |
349 | $41,205,000 |
$118,000 | $409,000 |
$59,000 | $399,000 |
| Hispanic |
19 | $2,541,000 |
$133,000 | $334,000 |
$75,000 | $150,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $117,000 |
$117,000 | $117,000 |
$47,000 | $47,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
88 | $14,315,000 |
$162,000 | $724,000 |
$84,000 | $450,000 |
| White |
1,683 | $243,711,000 |
$144,000 | $975,000 |
$81,000 | $1,080,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,080 | $294,543,000 |
$141,000 | $975,000 |
$79,000 | $1,080,000 |
| FHA-insured (Federal Housing Administration) |
10 | $1,074,000 |
$107,000 | $200,000 |
$45,000 | $84,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
31 | $3,292,000 |
$106,000 | $173,000 |
$37,000 | $54,000 |
| VA-guaranteed (Veterans Administration) |
33 | $4,917,000 |
$149,000 | $291,000 |
$68,000 | $157,000 |
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| Application Approved But Not Accepted |
2 | $177,000 |
$88,000 | $95,000 |
$155,000 | $192,000 |
| Application Denied By Financial Institution |
111 | $17,596,000 |
$158,000 | $920,000 |
$72,000 | $660,000 |
| Application Withdrawn By Applicant |
543 | $82,312,000 |
$151,000 | $795,000 |
$77,000 | $1,080,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
1,497 | $203,490,000 |
$135,000 | $975,000 |
$78,000 | $960,000 |
| Loan Purchased By The Institution |
1 | $251,000 |
$251,000 | $251,000 |
$69,000 | $69,000 |
| 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 |
8 | $1,343,000 |
$167,000 | $292,000 |
$82,000 | $180,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
91 | $14,699,000 |
$161,000 | $920,000 |
$68,000 | $660,000 |
| Debt-To-Income Ratio |
4 | $587,000 |
$146,000 | $276,000 |
$164,000 | $399,000 |
| Employment History |
1 | $162,000 |
$162,000 | $162,000 |
$48,000 | $48,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $110,000 |
$110,000 | $110,000 |
$57,000 | $57,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $148,000 |
$148,000 | $148,000 |
$42,000 | $42,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for HAMILTON MORTGAGE CORPORATION by:
Metropolitan Area And
County
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