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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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HOMEOWNERS MORTGAGE OF AMERICA
Mortgage Loans and Application Details
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| Mortgage Company Name |
HOMEOWNERS MORTGAGE OF AMERICA |
| Address | 501 VILLAGE TRACE BUILDING 9
MARIETTA, GA 30067 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 799 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $97,605,000 |
| Average Mortgage Loan Amount Applied For | $127,575 |
| Highest Mortgage Loan Amount Applied For | $600,000 |
| Average Applicant Income | $54,150 |
| Highest Applicant Income | $300,000 |
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| Home Improvement (one-to-four family) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase (one-to-four family) |
862 | $103,357,000 |
$138,714 | $532,000 |
$66,428 | $300,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
46 | $6,813,000 |
$203,500 | $600,000 |
$62,500 | $236,000 |
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| American Indian or Alaskan Native |
2 | $240,000 |
$120,000 | $122,000 |
$39,000 | $43,000 |
| Asian or Pacific Islander |
4 | $390,000 |
$97,000 | $116,000 |
$21,000 | $34,000 |
| Black |
217 | $27,532,000 |
$101,500 | $413,000 |
$36,250 | $255,000 |
| Hispanic |
188 | $19,990,000 |
$100,500 | $204,000 |
$27,000 | $117,000 |
| Information not provided by applicant in mail or telephone application |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
71 | $8,935,000 |
$111,333 | $532,000 |
$38,000 | $275,000 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
426 | $53,083,000 |
$145,142 | $600,000 |
$76,714 | $300,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
411 | $54,953,000 |
$153,285 | $600,000 |
$74,000 | $300,000 |
| FHA-insured (Federal Housing Administration) |
494 | $54,813,000 |
$101,250 | $179,000 |
$29,000 | $255,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
3 | $404,000 |
$134,000 | $145,000 |
$45,000 | $61,000 |
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| Application Approved But Not Accepted |
1 | $81,000 |
$81,000 | $81,000 |
$37,000 | $37,000 |
| Application Denied By Financial Institution |
138 | $14,705,000 |
$128,600 | $488,000 |
$51,200 | $255,000 |
| Application Withdrawn By Applicant |
203 | $26,979,000 |
$149,800 | $600,000 |
$56,600 | $300,000 |
| File Closed For Incompleteness |
4 | $342,000 |
$88,000 | $93,000 |
$13,500 | $31,000 |
| Loan Originated |
562 | $68,063,000 |
$129,142 | $532,000 |
$71,142 | $300,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
9 | $929,000 |
$141,666 | $281,000 |
$58,000 | $93,000 |
| Credit Application Incomplete |
51 | $4,834,000 |
$87,000 | $210,000 |
$43,750 | $106,000 |
| Credit History |
10 | $1,505,000 |
$150,000 | $488,000 |
$20,000 | $35,000 |
| Debt-To-Income Ratio |
26 | $2,926,000 |
$104,000 | $248,000 |
$31,500 | $177,000 |
| Employment History |
2 | $173,000 |
$86,000 | $96,000 |
$23,000 | $26,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $275,000 |
$91,666 | $118,000 |
$28,333 | $31,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
33 | $3,693,000 |
$101,333 | $213,000 |
$29,000 | $255,000 |
| Unverifiable Information |
4 | $370,000 |
$92,000 | $138,000 |
$73,000 | $115,000 |
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Mortgage Loan App Totals for HOMEOWNERS MORTGAGE OF AMERICA by:
Metropolitan Area And
County
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