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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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MEMBERS MORTGAGE COMPANY, INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
MEMBERS MORTGAGE COMPANY, INC. |
| Address | 10 CEDAR STREET SUITE 11
WOBURN, MA 01801 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,181 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $253,062,000 |
| Average Mortgage Loan Amount Applied For | $185,953 |
| Highest Mortgage Loan Amount Applied For | $2,250,000 |
| Average Applicant Income | $74,511 |
| Highest Applicant Income | $1,000,000 |
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| Home Improvement |
1 | $270,000 |
$270,000 | $270,000 |
$71,000 | $71,000 |
| Home Purchase |
604 | $132,386,000 |
$219,000 | $1,164,000 |
$81,000 | $686,000 |
| Refinancing |
709 | $150,165,000 |
$211,000 | $2,250,000 |
$78,000 | $1,000,000 |
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| American Indian or Alaskan Native |
1 | $232,000 |
$232,000 | $232,000 |
$108,000 | $108,000 |
| Asian |
10 | $1,902,000 |
$190,000 | $359,000 |
$76,000 | $129,000 |
| Black or African American |
132 | $28,838,000 |
$218,000 | $550,000 |
$76,000 | $505,000 |
| Hispanic |
64 | $13,697,000 |
$214,000 | $464,000 |
$67,000 | $158,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $90,000 |
$90,000 | $90,000 |
$17,000 | $17,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
245 | $54,142,000 |
$220,000 | $2,250,000 |
$75,000 | $1,000,000 |
| White |
861 | $183,920,000 |
$213,000 | $1,164,000 |
$81,000 | $686,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,314 | $282,821,000 |
$215,000 | $2,250,000 |
$79,000 | $1,000,000 |
| 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 |
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| Application Approved But Not Accepted |
197 | $45,911,000 |
$233,000 | $2,250,000 |
$84,000 | $1,000,000 |
| Application Denied By Financial Institution |
332 | $73,325,000 |
$220,000 | $550,000 |
$68,000 | $505,000 |
| Application Withdrawn By Applicant |
52 | $12,432,000 |
$239,000 | $455,000 |
$91,000 | $686,000 |
| File Closed For Incompleteness |
3 | $857,000 |
$285,000 | $332,000 |
$165,000 | $232,000 |
| Loan Originated |
730 | $150,296,000 |
$205,000 | $1,164,000 |
$81,000 | $559,000 |
| 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 |
11 | $1,287,000 |
$117,000 | $300,000 |
$58,000 | $105,000 |
| Credit Application Incomplete |
10 | $2,062,000 |
$206,000 | $349,000 |
$119,000 | $505,000 |
| Credit History |
125 | $26,919,000 |
$215,000 | $550,000 |
$76,000 | $245,000 |
| Debt-To-Income Ratio |
95 | $21,219,000 |
$223,000 | $500,000 |
$45,000 | $181,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $315,000 |
$315,000 | $315,000 |
$104,000 | $104,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
71 | $16,790,000 |
$236,000 | $503,000 |
$76,000 | $174,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for MEMBERS MORTGAGE COMPANY, INC. by:
Metropolitan Area And
County
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