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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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MARKETPLACE HOME MORTGAGE, LLC
Mortgage Loans and Application Details
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| Mortgage Company Name |
MARKETPLACE HOME MORTGAGE, LLC |
| Address | 3600 MINNESOTA DRIVE, SUITE 150
EDINA, MN 55435 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 922 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $205,893,000 |
| Average Mortgage Loan Amount Applied For | $171,662 |
| Highest Mortgage Loan Amount Applied For | $1,750,000 |
| Average Applicant Income | $97,162 |
| Highest Applicant Income | $1,334,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
552 | $123,564,000 |
$223,000 | $1,478,000 |
$104,000 | $1,200,000 |
| Refinancing |
370 | $82,329,000 |
$222,000 | $1,750,000 |
$99,000 | $1,334,000 |
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| American Indian or Alaskan Native |
1 | $213,000 |
$213,000 | $213,000 |
$86,000 | $86,000 |
| Asian |
13 | $3,749,000 |
$288,000 | $796,000 |
$112,000 | $360,000 |
| Black or African American |
7 | $1,295,000 |
$185,000 | $218,000 |
$78,000 | $132,000 |
| Hispanic |
15 | $2,502,000 |
$166,000 | $240,000 |
$81,000 | $106,000 |
| Native Hawaiin or Other Pacific Islander |
6 | $827,000 |
$137,000 | $185,000 |
$47,000 | $71,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
7 | $1,821,000 |
$260,000 | $550,000 |
$126,000 | $427,000 |
| White |
873 | $195,486,000 |
$223,000 | $1,750,000 |
$103,000 | $1,334,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
836 | $189,844,000 |
$227,000 | $1,750,000 |
$106,000 | $1,334,000 |
| FHA-insured (Federal Housing Administration) |
75 | $13,668,000 |
$182,000 | $252,000 |
$61,000 | $129,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
11 | $2,381,000 |
$216,000 | $398,000 |
$68,000 | $137,000 |
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| Application Approved But Not Accepted |
5 | $2,167,000 |
$433,000 | $1,430,000 |
$194,000 | $714,000 |
| Application Denied By Financial Institution |
8 | $994,000 |
$124,000 | $173,000 |
$73,000 | $204,000 |
| Application Withdrawn By Applicant |
117 | $23,958,000 |
$204,000 | $659,000 |
$87,000 | $400,000 |
| File Closed For Incompleteness |
3 | $496,000 |
$165,000 | $216,000 |
$36,000 | $37,000 |
| Loan Originated |
789 | $178,278,000 |
$225,000 | $1,750,000 |
$104,000 | $1,334,000 |
| 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 |
2 | $232,000 |
$116,000 | $119,000 |
$30,000 | $61,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
3 | $407,000 |
$135,000 | $173,000 |
$77,000 | $110,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
3 | $355,000 |
$118,000 | $161,000 |
$97,000 | $204,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for MARKETPLACE HOME MORTGAGE, LLC by:
Metropolitan Area And
County
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