|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
MAC-CLAIR MORTGAGE CORPORATION
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
MAC-CLAIR MORTGAGE CORPORATION |
| Address | G-3404 MILLER RD
FLINT, MI 48507 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,584 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $170,420,000 |
| Average Mortgage Loan Amount Applied For | $127,218 |
| Highest Mortgage Loan Amount Applied For | $788,000 |
| Average Applicant Income | $68,765 |
| Highest Applicant Income | $638,000 |
|
|
|
| Home Improvement |
16 | $1,356,000 |
$84,000 | $500,000 |
$102,000 | $565,000 |
| Home Purchase |
1,736 | $160,077,000 |
$92,000 | $788,000 |
$48,000 | $576,000 |
| Refinancing |
663 | $85,651,000 |
$129,000 | $750,000 |
$73,000 | $638,000 |
|
|
| American Indian or Alaskan Native |
10 | $1,191,000 |
$119,000 | $196,000 |
$60,000 | $107,000 |
| Asian |
10 | $1,269,000 |
$126,000 | $329,000 |
$94,000 | $177,000 |
| Black or African American |
241 | $22,627,000 |
$93,000 | $305,000 |
$48,000 | $175,000 |
| Hispanic |
158 | $16,171,000 |
$102,000 | $344,000 |
$53,000 | $300,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
107 | $11,114,000 |
$103,000 | $475,000 |
$54,000 | $200,000 |
| White |
1,889 | $194,712,000 |
$103,000 | $788,000 |
$56,000 | $638,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,669 | $171,453,000 |
$102,000 | $788,000 |
$62,000 | $638,000 |
| FHA-insured (Federal Housing Administration) |
599 | $62,240,000 |
$103,000 | $271,000 |
$42,000 | $163,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
117 | $9,968,000 |
$85,000 | $203,000 |
$30,000 | $75,000 |
| VA-guaranteed (Veterans Administration) |
30 | $3,423,000 |
$114,000 | $230,000 |
$40,000 | $98,000 |
|
|
| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
350 | $35,231,000 |
$100,000 | $788,000 |
$47,000 | $280,000 |
| Application Withdrawn By Applicant |
829 | $85,481,000 |
$103,000 | $720,000 |
$53,000 | $582,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
1,236 | $126,372,000 |
$102,000 | $750,000 |
$59,000 | $638,000 |
| 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 |
|
|
| Collateral |
11 | $1,373,000 |
$124,000 | $285,000 |
$59,000 | $110,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
27 | $3,031,000 |
$112,000 | $222,000 |
$38,000 | $95,000 |
| Debt-To-Income Ratio |
12 | $873,000 |
$72,000 | $101,000 |
$22,000 | $37,000 |
| Employment History |
3 | $222,000 |
$74,000 | $104,000 |
$24,000 | $33,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $158,000 |
$79,000 | $123,000 |
$17,000 | $18,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
293 | $29,410,000 |
$100,000 | $788,000 |
$49,000 | $280,000 |
| Unverifiable Information |
2 | $164,000 |
$82,000 | $125,000 |
$19,000 | $21,000 |
|
Mortgage Loan App Totals for MAC-CLAIR MORTGAGE CORPORATION by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
