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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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HOWARD HANNA MORTGAGE SERVICES
Mortgage Loans and Application Details
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| Mortgage Company Name |
HOWARD HANNA MORTGAGE SERVICES |
| Address | 4141 ROCKSIDE ROAD SEVEN HILLS, OH 44131 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 3,128 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $422,450,000 |
| Average Mortgage Loan Amount Applied For | $174,065 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $94,847 |
| Highest Applicant Income | $1,312,000 |
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| Home Improvement |
172 | $14,243,000 |
$82,000 | $422,000 |
$124,000 | $500,000 |
| Home Purchase |
2,821 | $386,606,000 |
$137,000 | $1,000,000 |
$80,000 | $1,312,000 |
| Refinancing |
135 | $21,601,000 |
$160,000 | $839,000 |
$94,000 | $1,312,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
54 | $8,353,000 |
$154,000 | $480,000 |
$85,000 | $367,000 |
| Black or African American |
147 | $18,960,000 |
$128,000 | $839,000 |
$74,000 | $531,000 |
| Hispanic |
38 | $4,873,000 |
$128,000 | $346,000 |
$73,000 | $271,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $207,000 |
$207,000 | $207,000 |
$74,000 | $74,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
18 | $1,766,000 |
$98,000 | $278,000 |
$71,000 | $231,000 |
| White |
2,870 | $388,291,000 |
$135,000 | $1,000,000 |
$83,000 | $1,312,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,596 | $354,599,000 |
$136,000 | $1,000,000 |
$89,000 | $1,312,000 |
| FHA-insured (Federal Housing Administration) |
450 | $54,379,000 |
$120,000 | $246,000 |
$51,000 | $150,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
82 | $13,472,000 |
$164,000 | $329,000 |
$66,000 | $178,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
26 | $3,283,000 |
$126,000 | $264,000 |
$54,000 | $152,000 |
| Application Withdrawn By Applicant |
281 | $35,236,000 |
$125,000 | $650,000 |
$83,000 | $1,312,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
2,820 | $383,774,000 |
$136,000 | $1,000,000 |
$83,000 | $1,312,000 |
| Loan Purchased By The Institution |
1 | $157,000 |
$157,000 | $157,000 |
$59,000 | $59,000 |
| 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 |
4 | $352,000 |
$88,000 | $155,000 |
$40,000 | $77,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
13 | $1,615,000 |
$124,000 | $264,000 |
$66,000 | $152,000 |
| Debt-To-Income Ratio |
2 | $196,000 |
$98,000 | $99,000 |
$8,000 | $16,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $247,000 |
$123,000 | $167,000 |
$42,000 | $43,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
3 | $518,000 |
$172,000 | $219,000 |
$57,000 | $83,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for HOWARD HANNA MORTGAGE SERVICES by:
Metropolitan Area And
County
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