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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 9A
MARIETTA, GA 30067 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 168 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $22,766,000 |
| Average Mortgage Loan Amount Applied For | $126,851 |
| Highest Mortgage Loan Amount Applied For | $269,000 |
| Average Applicant Income | $49,518 |
| Highest Applicant Income | $300,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
185 | $23,588,000 |
$127,000 | $345,000 |
$47,000 | $300,000 |
| Refinancing |
46 | $7,149,000 |
$155,000 | $257,000 |
$56,000 | $142,000 |
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| American Indian or Alaskan Native |
1 | $120,000 |
$120,000 | $120,000 |
$50,000 | $50,000 |
| Asian |
3 | $260,000 |
$86,000 | $131,000 |
$49,000 | $61,000 |
| Black or African American |
114 | $15,974,000 |
$140,000 | $345,000 |
$55,000 | $180,000 |
| Hispanic |
9 | $1,288,000 |
$143,000 | $178,000 |
$79,000 | $300,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
55 | $6,531,000 |
$118,000 | $269,000 |
$18,000 | $102,000 |
| White |
49 | $6,564,000 |
$133,000 | $255,000 |
$65,000 | $300,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
81 | $10,091,000 |
$124,000 | $345,000 |
$60,000 | $300,000 |
| FHA-insured (Federal Housing Administration) |
147 | $20,191,000 |
$137,000 | $257,000 |
$43,000 | $300,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
3 | $455,000 |
$151,000 | $165,000 |
$57,000 | $72,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
29 | $2,871,000 |
$99,000 | $198,000 |
$16,000 | $127,000 |
| Application Withdrawn By Applicant |
31 | $3,839,000 |
$123,000 | $233,000 |
$27,000 | $144,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
171 | $24,027,000 |
$140,000 | $345,000 |
$58,000 | $300,000 |
| 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 |
11 | $1,147,000 |
$104,000 | $151,000 |
$6,000 | $70,000 |
| 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 |
8 | $806,000 |
$100,000 | $198,000 |
$23,000 | $64,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for HOMEOWNERS MORTGAGE OF AMERICA by:
Metropolitan Area And
County
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