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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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MAJESTIC MORTGAGE
Mortgage Loans and Application Details
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| Mortgage Company Name |
MAJESTIC MORTGAGE |
| Address | 945 LAKEVIEW PARKWAY STE 170
VERNON HILLS, IL 60061 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 336 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $50,078,000 |
| Average Mortgage Loan Amount Applied For | $153,846 |
| Highest Mortgage Loan Amount Applied For | $692,000 |
| Average Applicant Income | $84,730 |
| Highest Applicant Income | $600,000 |
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| Home Improvement |
1 | $62,000 |
$62,000 | $62,000 |
$66,000 | $66,000 |
| Home Purchase |
132 | $26,304,000 |
$199,000 | $692,000 |
$97,000 | $600,000 |
| Refinancing |
203 | $23,712,000 |
$116,000 | $482,000 |
$88,000 | $390,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
12 | $1,920,000 |
$160,000 | $324,000 |
$103,000 | $138,000 |
| Black or African American |
2 | $382,000 |
$191,000 | $230,000 |
$67,000 | $77,000 |
| Hispanic |
11 | $2,252,000 |
$204,000 | $692,000 |
$107,000 | $574,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $165,000 |
$165,000 | $165,000 |
$65,000 | $65,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
2 | $358,000 |
$179,000 | $228,000 |
$130,000 | $184,000 |
| White |
308 | $45,001,000 |
$146,000 | $584,000 |
$91,000 | $600,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
326 | $48,449,000 |
$148,000 | $692,000 |
$93,000 | $600,000 |
| FHA-insured (Federal Housing Administration) |
8 | $1,351,000 |
$168,000 | $279,000 |
$54,000 | $96,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
2 | $278,000 |
$139,000 | $166,000 |
$53,000 | $69,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
3 | $377,000 |
$125,000 | $238,000 |
$39,000 | $66,000 |
| Application Withdrawn By Applicant |
19 | $2,972,000 |
$156,000 | $340,000 |
$95,000 | $375,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
314 | $46,729,000 |
$148,000 | $692,000 |
$92,000 | $600,000 |
| 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 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $16,000 |
$16,000 | $16,000 |
$19,000 | $19,000 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $238,000 |
$238,000 | $238,000 |
$66,000 | $66,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
1 | $123,000 |
$123,000 | $123,000 |
$32,000 | $32,000 |
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Mortgage Loan App Totals for MAJESTIC MORTGAGE by:
Metropolitan Area And
County
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