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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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LAKE MORTGAGE COMPANY, INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
LAKE MORTGAGE COMPANY, INC. |
| Address | 4000 W. LINCOLN HIGHWAY
MERRILLVILLE, IN 46410 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 455 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $58,575,000 |
| Average Mortgage Loan Amount Applied For | $123,636 |
| Highest Mortgage Loan Amount Applied For | $380,000 |
| Average Applicant Income | $67,454 |
| Highest Applicant Income | $247,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
336 | $43,500,000 |
$129,000 | $380,000 |
$63,000 | $247,000 |
| Refinancing |
143 | $17,763,000 |
$124,000 | $356,000 |
$67,000 | $236,000 |
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| American Indian or Alaskan Native |
2 | $108,000 |
$54,000 | $83,000 |
$22,000 | $36,000 |
| Asian |
1 | $170,000 |
$170,000 | $170,000 |
$98,000 | $98,000 |
| Black or African American |
56 | $6,197,000 |
$110,000 | $232,000 |
$58,000 | $140,000 |
| Hispanic |
78 | $10,196,000 |
$130,000 | $380,000 |
$65,000 | $157,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
342 | $44,592,000 |
$130,000 | $375,000 |
$66,000 | $247,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
391 | $49,842,000 |
$127,000 | $380,000 |
$66,000 | $247,000 |
| FHA-insured (Federal Housing Administration) |
78 | $10,099,000 |
$129,000 | $276,000 |
$60,000 | $140,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
10 | $1,322,000 |
$132,000 | $181,000 |
$66,000 | $160,000 |
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| Application Approved But Not Accepted |
35 | $4,600,000 |
$131,000 | $360,000 |
$62,000 | $144,000 |
| Application Denied By Financial Institution |
27 | $2,600,000 |
$96,000 | $191,000 |
$48,000 | $92,000 |
| Application Withdrawn By Applicant |
18 | $2,319,000 |
$128,000 | $227,000 |
$74,000 | $143,000 |
| File Closed For Incompleteness |
2 | $121,000 |
$60,000 | $91,000 |
$64,000 | $83,000 |
| Loan Originated |
373 | $48,935,000 |
$131,000 | $380,000 |
$67,000 | $247,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
1 | $125,000 |
$125,000 | $125,000 |
$36,000 | $36,000 |
| Preapproval Denied by Financial Institution |
23 | $2,563,000 |
$111,000 | $222,000 |
$39,000 | $84,000 |
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| Collateral |
11 | $1,022,000 |
$92,000 | $190,000 |
$60,000 | $92,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
25 | $2,785,000 |
$111,000 | $191,000 |
$43,000 | $84,000 |
| Debt-To-Income Ratio |
9 | $800,000 |
$88,000 | $139,000 |
$30,000 | $50,000 |
| Employment History |
1 | $136,000 |
$136,000 | $136,000 |
$13,000 | $13,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $88,000 |
$88,000 | $88,000 |
$37,000 | $37,000 |
| Unverifiable Information |
2 | $282,000 |
$141,000 | $222,000 |
$53,000 | $84,000 |
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Mortgage Loan App Totals for LAKE MORTGAGE COMPANY, INC. by:
Metropolitan Area And
County
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