|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
MAGNOLIA MORTGAGE COMPANY, LLC
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
MAGNOLIA MORTGAGE COMPANY, LLC |
| Address | 1550 S. UNIVERSITY BLVD.
MOBILE, AL 36609 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 477 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $63,185,000 |
| Average Mortgage Loan Amount Applied For | $184,312 |
| Highest Mortgage Loan Amount Applied For | $1,280,000 |
| Average Applicant Income | $114,000 |
| Highest Applicant Income | $844,000 |
|
|
|
| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
311 | $40,313,000 |
$129,000 | $650,000 |
$78,000 | $828,000 |
| Refinancing |
166 | $22,872,000 |
$137,000 | $1,280,000 |
$84,000 | $844,000 |
|
|
| American Indian or Alaskan Native |
1 | $132,000 |
$132,000 | $132,000 |
$60,000 | $60,000 |
| Asian |
19 | $2,864,000 |
$150,000 | $323,000 |
$76,000 | $168,000 |
| Black or African American |
46 | $4,356,000 |
$94,000 | $400,000 |
$49,000 | $103,000 |
| Hispanic |
4 | $347,000 |
$86,000 | $180,000 |
$66,000 | $78,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
50 | $7,048,000 |
$140,000 | $600,000 |
$76,000 | $300,000 |
| White |
357 | $48,438,000 |
$135,000 | $1,280,000 |
$85,000 | $844,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
422 | $56,333,000 |
$133,000 | $1,280,000 |
$84,000 | $844,000 |
| FHA-insured (Federal Housing Administration) |
47 | $5,660,000 |
$120,000 | $203,000 |
$51,000 | $118,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
8 | $1,192,000 |
$149,000 | $338,000 |
$57,000 | $122,000 |
|
|
| Application Approved But Not Accepted |
1 | $94,000 |
$94,000 | $94,000 |
$39,000 | $39,000 |
| Application Denied By Financial Institution |
46 | $4,812,000 |
$104,000 | $641,000 |
$43,000 | $152,000 |
| Application Withdrawn By Applicant |
106 | $14,736,000 |
$139,000 | $910,000 |
$76,000 | $844,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
324 | $43,543,000 |
$134,000 | $1,280,000 |
$87,000 | $828,000 |
| 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 | $393,000 |
$98,000 | $179,000 |
$42,000 | $96,000 |
| Credit Application Incomplete |
3 | $206,000 |
$68,000 | $81,000 |
$47,000 | $86,000 |
| Credit History |
19 | $1,467,000 |
$77,000 | $210,000 |
$36,000 | $74,000 |
| Debt-To-Income Ratio |
2 | $454,000 |
$227,000 | $400,000 |
$58,000 | $72,000 |
| Employment History |
1 | $166,000 |
$166,000 | $166,000 |
$30,000 | $30,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $111,000 |
$55,000 | $61,000 |
$23,000 | $28,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
3 | $361,000 |
$120,000 | $175,000 |
$52,000 | $120,000 |
|
Mortgage Loan App Totals for MAGNOLIA MORTGAGE COMPANY, LLC by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
