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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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MAJOR MORTGAGE
Mortgage Loans and Application Details
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| Mortgage Company Name |
MAJOR MORTGAGE |
| Address | 6101 YELLOWSTONE ROAD, LL17
CHEYENNE, WY 82009 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2005 |
| All Data Years | 2003 2004 2005 |
| Total Number of Mortgage Loan Applications Processed | 3,307 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $445,829,000 |
| Average Mortgage Loan Amount Applied For | $136,436 |
| Highest Mortgage Loan Amount Applied For | $3,500,000 |
| Average Applicant Income | $67,157 |
| Highest Applicant Income | $1,650,000 |
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| Home Improvement |
11 | $1,757,000 |
$144,142 | $360,000 |
$71,285 | $120,000 |
| Home Purchase |
2,351 | $289,028,000 |
$130,066 | $1,488,000 |
$74,600 | $1,188,000 |
| Refinancing |
945 | $155,044,000 |
$145,111 | $3,500,000 |
$72,388 | $1,650,000 |
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| American Indian or Alaskan Native |
13 | $1,383,000 |
$115,833 | $201,000 |
$37,666 | $149,000 |
| Asian |
56 | $8,461,000 |
$160,555 | $468,000 |
$149,666 | $480,000 |
| Black or African American |
64 | $7,671,000 |
$128,625 | $344,000 |
$76,375 | $840,000 |
| Hispanic |
423 | $47,637,000 |
$118,000 | $700,000 |
$52,272 | $420,000 |
| Native Hawaiin or Other Pacific Islander |
11 | $973,000 |
$84,800 | $239,000 |
$74,400 | $108,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
25 | $3,500,000 |
$121,333 | $324,000 |
$51,888 | $1,107,000 |
| White |
2,715 | $376,204,000 |
$129,263 | $3,500,000 |
$76,315 | $1,650,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,379 | $336,618,000 |
$127,578 | $3,500,000 |
$82,421 | $1,650,000 |
| FHA-insured (Federal Housing Administration) |
771 | $85,630,000 |
$118,153 | $325,000 |
$48,230 | $235,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
157 | $23,581,000 |
$142,800 | $273,000 |
$48,300 | $171,000 |
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| Application Approved But Not Accepted |
42 | $6,371,000 |
$145,500 | $536,000 |
$165,375 | $720,000 |
| Application Denied By Financial Institution |
116 | $12,832,000 |
$115,000 | $410,000 |
$48,800 | $319,000 |
| Application Withdrawn By Applicant |
375 | $45,759,000 |
$136,153 | $960,000 |
$73,230 | $1,176,000 |
| File Closed For Incompleteness |
16 | $2,564,000 |
$115,333 | $975,000 |
$48,333 | $246,000 |
| Loan Originated |
2,758 | $378,303,000 |
$128,473 | $3,500,000 |
$74,210 | $1,650,000 |
| 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 |
15 | $2,048,000 |
$140,000 | $410,000 |
$64,250 | $300,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
33 | $3,130,000 |
$150,428 | $374,000 |
$51,428 | $90,000 |
| Debt-To-Income Ratio |
22 | $2,271,000 |
$111,800 | $200,000 |
$41,200 | $83,000 |
| Employment History |
3 | $361,000 |
$103,500 | $200,000 |
$31,500 | $58,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
6 | $1,125,000 |
$179,800 | $362,000 |
$80,800 | $138,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
10 | $1,494,000 |
$167,600 | $261,000 |
$87,400 | $319,000 |
| Unverifiable Information |
3 | $280,000 |
$117,500 | $190,000 |
$51,500 | $85,000 |
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Mortgage Loan App Totals for MAJOR MORTGAGE by:
Metropolitan Area And
County
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