|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
M & M RESOURCES UNLIMITED INC.
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
M & M RESOURCES UNLIMITED INC. |
| Address | 470 LONGPOND RD SUITE 205
ROCHESTER, NY 14612 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 206 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $20,302,000 |
| Average Mortgage Loan Amount Applied For | $112,888 |
| Highest Mortgage Loan Amount Applied For | $636,000 |
| Average Applicant Income | $56,222 |
| Highest Applicant Income | $280,000 |
|
|
|
| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
144 | $14,854,000 |
$103,000 | $362,000 |
$61,000 | $419,000 |
| Refinancing |
89 | $8,936,000 |
$100,000 | $636,000 |
$58,000 | $280,000 |
|
|
| American Indian or Alaskan Native |
1 | $52,000 |
$52,000 | $52,000 |
$24,000 | $24,000 |
| Asian |
2 | $387,000 |
$193,000 | $313,000 |
$108,000 | $130,000 |
| Black or African American |
15 | $1,916,000 |
$127,000 | $362,000 |
$93,000 | $156,000 |
| Hispanic |
8 | $589,000 |
$73,000 | $141,000 |
$30,000 | $50,000 |
| 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 |
207 | $20,846,000 |
$100,000 | $636,000 |
$58,000 | $419,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
189 | $19,492,000 |
$103,000 | $636,000 |
$62,000 | $419,000 |
| FHA-insured (Federal Housing Administration) |
44 | $4,298,000 |
$97,000 | $220,000 |
$48,000 | $122,000 |
| 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 |
|
|
| Application Approved But Not Accepted |
8 | $774,000 |
$96,000 | $315,000 |
$86,000 | $253,000 |
| Application Denied By Financial Institution |
44 | $3,841,000 |
$87,000 | $200,000 |
$52,000 | $413,000 |
| Application Withdrawn By Applicant |
47 | $5,748,000 |
$122,000 | $636,000 |
$52,000 | $280,000 |
| File Closed For Incompleteness |
5 | $594,000 |
$118,000 | $235,000 |
$37,000 | $85,000 |
| Loan Originated |
128 | $12,737,000 |
$99,000 | $315,000 |
$64,000 | $419,000 |
| Loan Purchased By The Institution |
1 | $96,000 |
$96,000 | $96,000 |
$45,000 | $45,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
|
| Collateral |
10 | $759,000 |
$75,000 | $141,000 |
$61,000 | $121,000 |
| Credit Application Incomplete |
4 | $287,000 |
$71,000 | $108,000 |
$67,000 | $157,000 |
| Credit History |
15 | $1,385,000 |
$92,000 | $192,000 |
$23,000 | $48,000 |
| Debt-To-Income Ratio |
5 | $463,000 |
$92,000 | $165,000 |
$119,000 | $413,000 |
| Employment History |
2 | $285,000 |
$142,000 | $200,000 |
$37,000 | $54,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $89,000 |
$89,000 | $89,000 |
$44,000 | $44,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $108,000 |
$54,000 | $71,000 |
$41,000 | $43,000 |
| Unverifiable Information |
3 | $311,000 |
$103,000 | $175,000 |
$59,000 | $73,000 |
|
Mortgage Loan App Totals for M & M RESOURCES UNLIMITED INC. by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
