|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
HOMETOWN MORTGAGE SERVICES
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
HOMETOWN MORTGAGE SERVICES |
| Address | 5511 HWY. 280 E. SUITE 210
BIRMINGHAM, AL 35242 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,784 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $386,293,000 |
| Average Mortgage Loan Amount Applied For | $131,628 |
| Highest Mortgage Loan Amount Applied For | $2,000,000 |
| Average Applicant Income | $70,859 |
| Highest Applicant Income | $1,140,000 |
|
|
|
| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
1,577 | $212,305,000 |
$134,000 | $2,000,000 |
$74,000 | $1,010,000 |
| Refinancing |
1,208 | $174,170,000 |
$144,000 | $800,000 |
$74,000 | $1,140,000 |
|
|
| American Indian or Alaskan Native |
5 | $564,000 |
$112,000 | $175,000 |
$66,000 | $142,000 |
| Asian |
45 | $6,842,000 |
$152,000 | $560,000 |
$94,000 | $414,000 |
| Black or African American |
543 | $69,887,000 |
$128,000 | $880,000 |
$58,000 | $450,000 |
| Hispanic |
105 | $15,511,000 |
$147,000 | $480,000 |
$80,000 | $300,000 |
| Native Hawaiin or Other Pacific Islander |
3 | $521,000 |
$173,000 | $242,000 |
$63,000 | $96,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
223 | $28,563,000 |
$128,000 | $550,000 |
$67,000 | $396,000 |
| White |
1,861 | $264,587,000 |
$142,000 | $2,000,000 |
$79,000 | $1,140,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,687 | $374,341,000 |
$139,000 | $2,000,000 |
$75,000 | $1,140,000 |
| FHA-insured (Federal Housing Administration) |
93 | $11,198,000 |
$120,000 | $203,000 |
$54,000 | $180,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
5 | $936,000 |
$187,000 | $350,000 |
$63,000 | $106,000 |
|
|
| Application Approved But Not Accepted |
61 | $9,320,000 |
$152,000 | $698,000 |
$85,000 | $456,000 |
| Application Denied By Financial Institution |
628 | $82,023,000 |
$130,000 | $880,000 |
$68,000 | $1,140,000 |
| Application Withdrawn By Applicant |
525 | $74,529,000 |
$141,000 | $2,000,000 |
$71,000 | $1,010,000 |
| File Closed For Incompleteness |
7 | $662,000 |
$94,000 | $193,000 |
$58,000 | $117,000 |
| Loan Originated |
1,564 | $219,941,000 |
$140,000 | $788,000 |
$77,000 | $568,000 |
| 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 |
|
|
| Collateral |
22 | $2,488,000 |
$113,000 | $480,000 |
$62,000 | $300,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
130 | $16,162,000 |
$124,000 | $680,000 |
$49,000 | $1,140,000 |
| Debt-To-Income Ratio |
13 | $1,952,000 |
$150,000 | $824,000 |
$42,000 | $174,000 |
| Employment History |
10 | $1,353,000 |
$135,000 | $375,000 |
$58,000 | $121,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $135,000 |
$135,000 | $135,000 |
$90,000 | $90,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
43 | $6,044,000 |
$140,000 | $322,000 |
$67,000 | $192,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
Mortgage Loan App Totals for HOMETOWN MORTGAGE SERVICES by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
