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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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LAKELAND MORTGAGE CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
LAKELAND MORTGAGE CORPORATION |
| Address | 8300 NORMAN CENTER DRIVE SUITE 240
BLOOMINGTON, MN 55437 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,019 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $215,973,000 |
| Average Mortgage Loan Amount Applied For | $206,250 |
| Highest Mortgage Loan Amount Applied For | $1,436,000 |
| Average Applicant Income | $107,816 |
| Highest Applicant Income | $1,080,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
712 | $146,742,000 |
$206,000 | $1,436,000 |
$93,000 | $1,080,000 |
| Refinancing |
307 | $69,231,000 |
$225,000 | $1,425,000 |
$95,000 | $585,000 |
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| American Indian or Alaskan Native |
4 | $873,000 |
$218,000 | $544,000 |
$147,000 | $400,000 |
| Asian |
23 | $5,723,000 |
$248,000 | $1,410,000 |
$72,000 | $295,000 |
| Black or African American |
22 | $3,708,000 |
$168,000 | $350,000 |
$54,000 | $113,000 |
| Hispanic |
42 | $8,015,000 |
$190,000 | $610,000 |
$63,000 | $231,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $247,000 |
$247,000 | $247,000 |
$50,000 | $50,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
2 | $568,000 |
$284,000 | $348,000 |
$60,000 | $120,000 |
| White |
925 | $196,839,000 |
$212,000 | $1,436,000 |
$96,000 | $1,080,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
975 | $207,244,000 |
$212,000 | $1,436,000 |
$94,000 | $1,080,000 |
| FHA-insured (Federal Housing Administration) |
38 | $7,080,000 |
$186,000 | $237,000 |
$72,000 | $223,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
6 | $1,649,000 |
$274,000 | $339,000 |
$98,000 | $116,000 |
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| Application Approved But Not Accepted |
11 | $2,061,000 |
$187,000 | $307,000 |
$92,000 | $194,000 |
| Application Denied By Financial Institution |
17 | $2,706,000 |
$159,000 | $480,000 |
$83,000 | $355,000 |
| Application Withdrawn By Applicant |
80 | $18,020,000 |
$225,000 | $952,000 |
$93,000 | $1,080,000 |
| File Closed For Incompleteness |
2 | $417,000 |
$208,000 | $264,000 |
$55,000 | $72,000 |
| Loan Originated |
909 | $192,769,000 |
$212,000 | $1,436,000 |
$94,000 | $759,000 |
| 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 |
4 | $586,000 |
$146,000 | $221,000 |
$60,000 | $71,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
6 | $634,000 |
$105,000 | $209,000 |
$81,000 | $110,000 |
| 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 |
5 | $1,224,000 |
$244,000 | $480,000 |
$115,000 | $355,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for LAKELAND MORTGAGE CORPORATION by:
Metropolitan Area And
County
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