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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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INVESTAID CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
INVESTAID CORPORATION |
| Address | 24315 NORTHWESTERN HWY.
SOUTHFIELD, MI 48075 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 9,873 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $919,741,000 |
| Average Mortgage Loan Amount Applied For | $94,300 |
| Highest Mortgage Loan Amount Applied For | $1,001,000 |
| Average Applicant Income | $59,423 |
| Highest Applicant Income | $2,346,000 |
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| Home Improvement |
13 | $1,124,000 |
$86,000 | $250,000 |
$61,000 | $114,000 |
| Home Purchase |
7,689 | $690,578,000 |
$89,000 | $544,000 |
$62,000 | $2,346,000 |
| Refinancing |
2,203 | $231,218,000 |
$104,000 | $1,001,000 |
$62,000 | $1,140,000 |
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| American Indian or Alaskan Native |
41 | $4,211,000 |
$102,000 | $269,000 |
$57,000 | $116,000 |
| Asian |
73 | $9,345,000 |
$128,000 | $500,000 |
$79,000 | $216,000 |
| Black or African American |
3,335 | $293,991,000 |
$88,000 | $715,000 |
$59,000 | $2,346,000 |
| Hispanic |
908 | $111,299,000 |
$122,000 | $445,000 |
$65,000 | $360,000 |
| Native Hawaiin or Other Pacific Islander |
38 | $3,247,000 |
$85,000 | $312,000 |
$66,000 | $180,000 |
| Not applicable |
5 | $237,000 |
$47,000 | $74,000 |
$72,000 | $119,000 |
| Not Provided |
619 | $62,361,000 |
$100,000 | $706,000 |
$59,000 | $520,000 |
| White |
4,886 | $438,229,000 |
$89,000 | $1,001,000 |
$64,000 | $1,140,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
9,905 | $922,920,000 |
$93,000 | $1,001,000 |
$62,000 | $2,346,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
2,696 | $324,841,000 |
$120,000 | $1,001,000 |
$66,000 | $2,346,000 |
| Application Withdrawn By Applicant |
2,350 | $238,162,000 |
$101,000 | $715,000 |
$63,000 | $695,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
4,859 | $359,917,000 |
$74,000 | $650,000 |
$59,000 | $641,000 |
| 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 |
145 | $16,050,000 |
$110,000 | $450,000 |
$64,000 | $204,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
214 | $25,715,000 |
$120,000 | $345,000 |
$63,000 | $422,000 |
| Debt-To-Income Ratio |
106 | $14,321,000 |
$135,000 | $440,000 |
$47,000 | $138,000 |
| Employment History |
37 | $4,403,000 |
$119,000 | $292,000 |
$60,000 | $150,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
4 | $469,000 |
$117,000 | $138,000 |
$61,000 | $106,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
192 | $22,320,000 |
$116,000 | $500,000 |
$80,000 | $2,346,000 |
| Unverifiable Information |
23 | $2,239,000 |
$97,000 | $240,000 |
$59,000 | $126,000 |
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Mortgage Loan App Totals for INVESTAID CORPORATION by:
Metropolitan Area And
County
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