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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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MERITAGE MORTGAGE CORP.
Mortgage Loans and Application Details
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| Mortgage Company Name |
MERITAGE MORTGAGE CORP. |
| Address | 7215 FINANCIAL WAY
JACKSONVILLE, FL 32256 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2004 |
| All Data Years | 2003 2004 |
| Total Number of Mortgage Loan Applications Processed | 45,478 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $5,744,730,000 |
| Average Mortgage Loan Amount Applied For | $92,940 |
| Highest Mortgage Loan Amount Applied For | $968,000 |
| Average Applicant Income | $52,363 |
| Highest Applicant Income | $6,000,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
35,497 | $4,108,769,000 |
$103,822 | $935,000 |
$59,222 | $6,000,000 |
| Refinancing |
12,535 | $1,937,119,000 |
$136,111 | $968,000 |
$65,488 | $4,350,000 |
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| American Indian or Alaskan Native |
211 | $24,812,000 |
$120,413 | $733,000 |
$59,758 | $709,000 |
| Asian |
1,279 | $269,245,000 |
$127,914 | $855,000 |
$70,771 | $2,696,000 |
| Black or African American |
8,654 | $1,038,756,000 |
$112,761 | $919,000 |
$56,404 | $1,020,000 |
| Hispanic |
9,140 | $1,255,328,000 |
$109,023 | $870,000 |
$57,093 | $2,560,000 |
| Native Hawaiin or Other Pacific Islander |
226 | $41,892,000 |
$116,600 | $631,000 |
$61,240 | $331,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
5,176 | $702,581,000 |
$115,066 | $968,000 |
$60,755 | $2,074,000 |
| White |
23,346 | $2,713,274,000 |
$118,688 | $935,000 |
$65,400 | $6,000,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
48,032 | $6,045,888,000 |
$112,333 | $968,000 |
$61,866 | $6,000,000 |
| 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 |
499 | $58,841,000 |
$119,263 | $735,000 |
$70,131 | $708,000 |
| Application Denied By Financial Institution |
22,654 | $2,953,534,000 |
$115,511 | $968,000 |
$62,266 | $4,350,000 |
| Application Withdrawn By Applicant |
289 | $37,198,000 |
$115,647 | $640,000 |
$61,470 | $597,000 |
| File Closed For Incompleteness |
65 | $10,399,000 |
$117,789 | $704,000 |
$64,473 | $300,000 |
| Loan Originated |
24,525 | $2,985,916,000 |
$109,688 | $831,000 |
$61,977 | $6,000,000 |
| 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 |
1,284 | $167,537,000 |
$108,441 | $850,000 |
$74,279 | $4,350,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1,865 | $222,919,000 |
$120,266 | $750,000 |
$62,844 | $1,020,000 |
| Debt-To-Income Ratio |
2,084 | $301,849,000 |
$122,860 | $968,000 |
$45,139 | $559,000 |
| Employment History |
407 | $49,906,000 |
$114,944 | $900,000 |
$57,611 | $460,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
15,588 | $1,999,951,000 |
$115,022 | $935,000 |
$61,733 | $2,560,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
674 | $91,689,000 |
$115,230 | $850,000 |
$74,743 | $4,350,000 |
| Unverifiable Information |
752 | $119,683,000 |
$123,810 | $855,000 |
$73,000 | $3,937,000 |
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Mortgage Loan App Totals for MERITAGE MORTGAGE CORP. by:
Metropolitan Area And
County
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