|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
MADISON MORTGAGE CORPORATION
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
MADISON MORTGAGE CORPORATION |
| Address | 2401 LAKE PARK DRIVE, SUITE 355
SMYRNA, GA 30080 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 177 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $41,913,000 |
| Average Mortgage Loan Amount Applied For | $298,829 |
| Highest Mortgage Loan Amount Applied For | $2,333,000 |
| Average Applicant Income | $176,146 |
| Highest Applicant Income | $1,197,000 |
|
|
|
| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
113 | $20,557,000 |
$181,000 | $1,295,000 |
$120,000 | $825,000 |
| Refinancing |
73 | $22,752,000 |
$311,000 | $2,333,000 |
$147,000 | $1,197,000 |
|
|
| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
4 | $697,000 |
$174,000 | $290,000 |
$492,000 | $825,000 |
| Black or African American |
11 | $1,736,000 |
$157,000 | $560,000 |
$91,000 | $247,000 |
| Hispanic |
6 | $1,129,000 |
$188,000 | $665,000 |
$81,000 | $296,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $328,000 |
$328,000 | $328,000 |
$372,000 | $372,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
5 | $942,000 |
$188,000 | $321,000 |
$94,000 | $187,000 |
| White |
159 | $38,477,000 |
$241,000 | $2,333,000 |
$126,000 | $1,197,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
186 | $43,309,000 |
$232,000 | $2,333,000 |
$131,000 | $1,197,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
14 | $2,360,000 |
$168,000 | $417,000 |
$106,000 | $484,000 |
| Application Withdrawn By Applicant |
52 | $12,246,000 |
$235,000 | $2,000,000 |
$138,000 | $960,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
120 | $28,703,000 |
$239,000 | $2,333,000 |
$130,000 | $1,197,000 |
| 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 |
4 | $560,000 |
$140,000 | $192,000 |
$114,000 | $192,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
3 | $281,000 |
$93,000 | $136,000 |
$65,000 | $117,000 |
| Debt-To-Income Ratio |
2 | $280,000 |
$140,000 | $160,000 |
$37,000 | $54,000 |
| Employment History |
2 | $222,000 |
$111,000 | $159,000 |
$53,000 | $58,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $761,000 |
$380,000 | $417,000 |
$296,000 | $484,000 |
| Unverifiable Information |
1 | $256,000 |
$256,000 | $256,000 |
$57,000 | $57,000 |
|
Mortgage Loan App Totals for MADISON MORTGAGE CORPORATION by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
