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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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M.I.F. SERVICES, INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
M.I.F. SERVICES, INC. |
| Address | 1848 NORWOOD PLAZA #205
HURST, TX 76054 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 158 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $23,048,000 |
| Average Mortgage Loan Amount Applied For | $154,882 |
| Highest Mortgage Loan Amount Applied For | $356,000 |
| Average Applicant Income | $76,470 |
| Highest Applicant Income | $408,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
199 | $27,495,000 |
$138,000 | $356,000 |
$76,000 | $408,000 |
| Refinancing |
4 | $553,000 |
$138,000 | $192,000 |
$108,000 | $166,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
6 | $882,000 |
$147,000 | $269,000 |
$141,000 | $360,000 |
| Black or African American |
18 | $2,445,000 |
$135,000 | $221,000 |
$65,000 | $154,000 |
| Hispanic |
30 | $4,740,000 |
$158,000 | $277,000 |
$74,000 | $179,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
99 | $13,289,000 |
$134,000 | $299,000 |
$75,000 | $408,000 |
| White |
50 | $6,692,000 |
$133,000 | $356,000 |
$77,000 | $289,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
158 | $21,813,000 |
$138,000 | $356,000 |
$78,000 | $408,000 |
| FHA-insured (Federal Housing Administration) |
36 | $4,656,000 |
$129,000 | $185,000 |
$70,000 | $289,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
9 | $1,579,000 |
$175,000 | $264,000 |
$73,000 | $119,000 |
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| Application Approved But Not Accepted |
19 | $2,673,000 |
$140,000 | $255,000 |
$88,000 | $289,000 |
| Application Denied By Financial Institution |
32 | $4,538,000 |
$141,000 | $264,000 |
$67,000 | $408,000 |
| Application Withdrawn By Applicant |
138 | $19,212,000 |
$139,000 | $356,000 |
$78,000 | $360,000 |
| File Closed For Incompleteness |
4 | $574,000 |
$143,000 | $268,000 |
$64,000 | $96,000 |
| Loan Originated |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
2 | $90,000 |
$45,000 | $79,000 |
$39,000 | $45,000 |
| Preapproval Denied by Financial Institution |
8 | $961,000 |
$120,000 | $178,000 |
$63,000 | $90,000 |
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| Collateral |
1 | $107,000 |
$107,000 | $107,000 |
$166,000 | $166,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
22 | $3,053,000 |
$138,000 | $204,000 |
$59,000 | $117,000 |
| Debt-To-Income Ratio |
7 | $791,000 |
$113,000 | $146,000 |
$94,000 | $408,000 |
| Employment History |
2 | $371,000 |
$185,000 | $221,000 |
$48,000 | $67,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
4 | $635,000 |
$158,000 | $264,000 |
$40,000 | $58,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $246,000 |
$123,000 | $130,000 |
$50,000 | $61,000 |
| Unverifiable Information |
2 | $296,000 |
$148,000 | $175,000 |
$95,000 | $120,000 |
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Mortgage Loan App Totals for M.I.F. SERVICES, INC. by:
Metropolitan Area And
County
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