|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
INNOVATIVE MORTGAGE SOLUTIONS
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
INNOVATIVE MORTGAGE SOLUTIONS |
| Address | 200 LAKE DR, EAST, STE 110
CHERRY HILL, NJ 08002 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2005 |
| All Data Years | 2005 |
| Total Number of Mortgage Loan Applications Processed | 66 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $10,892,000 |
| Average Mortgage Loan Amount Applied For | $202,125 |
| Highest Mortgage Loan Amount Applied For | $489,000 |
| Average Applicant Income | $78,416 |
| Highest Applicant Income | $190,000 |
|
|
|
| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
24 | $2,957,000 |
$98,666 | $260,000 |
$46,333 | $180,000 |
| Refinancing |
42 | $7,935,000 |
$215,333 | $489,000 |
$86,500 | $190,000 |
|
|
| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
3 | $292,000 |
$97,000 | $142,000 |
$77,000 | $147,000 |
| Black or African American |
21 | $2,937,000 |
$147,500 | $248,000 |
$104,000 | $190,000 |
| Hispanic |
5 | $676,000 |
$135,000 | $174,000 |
$72,000 | $98,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
20 | $3,969,000 |
$206,800 | $489,000 |
$59,200 | $144,000 |
| White |
17 | $3,018,000 |
$172,500 | $355,000 |
$79,500 | $162,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
65 | $10,532,000 |
$183,833 | $489,000 |
$80,666 | $190,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $360,000 |
$360,000 | $360,000 |
$144,000 | $144,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
|
| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
66 | $10,892,000 |
$184,666 | $489,000 |
$81,166 | $190,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
Mortgage Loan App Totals for INNOVATIVE MORTGAGE SOLUTIONS by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
