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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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HARWOOD-RUSSELL MORTGAGE, INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
HARWOOD-RUSSELL MORTGAGE, INC. |
| Address | 501 S. SHARON AMITY RD., STE. 400
CHARLOTTE, NC 28211 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2004 |
| All Data Years | 2003 2004 |
| Total Number of Mortgage Loan Applications Processed | 529 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $78,362,000 |
| Average Mortgage Loan Amount Applied For | $156,181 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $62,045 |
| Highest Applicant Income | $696,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
443 | $63,537,000 |
$157,500 | $1,000,000 |
$66,500 | $696,000 |
| Refinancing |
86 | $14,825,000 |
$161,500 | $670,000 |
$60,000 | $450,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $239,000 |
$119,000 | $136,000 |
$52,000 | $56,000 |
| Black or African American |
53 | $5,953,000 |
$112,000 | $262,000 |
$39,000 | $105,000 |
| Hispanic |
13 | $1,950,000 |
$150,000 | $334,000 |
$51,000 | $220,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
7 | $788,000 |
$104,500 | $163,000 |
$47,500 | $107,000 |
| White |
454 | $69,432,000 |
$162,000 | $1,000,000 |
$68,000 | $696,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
403 | $64,274,000 |
$164,500 | $1,000,000 |
$69,500 | $696,000 |
| FHA-insured (Federal Housing Administration) |
100 | $10,925,000 |
$115,000 | $171,000 |
$45,000 | $162,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
26 | $3,163,000 |
$121,000 | $261,000 |
$51,000 | $105,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
8 | $889,000 |
$111,000 | $168,000 |
$31,000 | $62,000 |
| Application Withdrawn By Applicant |
24 | $2,825,000 |
$117,000 | $420,000 |
$35,000 | $140,000 |
| File Closed For Incompleteness |
1 | $112,000 |
$112,000 | $112,000 |
$25,000 | $25,000 |
| Loan Originated |
496 | $74,536,000 |
$158,000 | $1,000,000 |
$66,500 | $696,000 |
| 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 |
5 | $566,000 |
$113,000 | $137,000 |
$41,000 | $62,000 |
| Debt-To-Income Ratio |
1 | $60,000 |
$60,000 | $60,000 |
$17,000 | $17,000 |
| 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 |
1 | $95,000 |
$95,000 | $95,000 |
$31,000 | $31,000 |
| Unverifiable Information |
1 | $168,000 |
$168,000 | $168,000 |
$0 | $0 |
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Mortgage Loan App Totals for HARWOOD-RUSSELL MORTGAGE, INC. by:
Metropolitan Area And
County
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