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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 CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
MERITAGE MORTGAGE CORPORATION |
| Address | 4901 BELFORT ROAD, SUITE 160
JACKSONVILLE, FL 32256 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 23,936 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $4,223,471,000 |
| Average Mortgage Loan Amount Applied For | $131,022 |
| Highest Mortgage Loan Amount Applied For | $1,700,000 |
| Average Applicant Income | $68,663 |
| Highest Applicant Income | $3,957,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
16,870 | $2,822,786,000 |
$167,000 | $945,000 |
$87,000 | $2,553,000 |
| Refinancing |
7,066 | $1,400,685,000 |
$198,000 | $1,700,000 |
$83,000 | $3,957,000 |
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| American Indian or Alaskan Native |
87 | $15,335,000 |
$176,000 | $712,000 |
$73,000 | $213,000 |
| Asian |
656 | $176,995,000 |
$269,000 | $945,000 |
$126,000 | $1,337,000 |
| Black or African American |
5,726 | $995,054,000 |
$173,000 | $840,000 |
$85,000 | $1,151,000 |
| Hispanic |
5,735 | $1,094,945,000 |
$190,000 | $851,000 |
$90,000 | $3,957,000 |
| Native Hawaiin or Other Pacific Islander |
142 | $30,885,000 |
$217,000 | $700,000 |
$131,000 | $2,349,000 |
| Not applicable |
1 | $25,000 |
$25,000 | $25,000 |
$50,000 | $50,000 |
| Not Provided |
1,761 | $351,956,000 |
$199,000 | $800,000 |
$93,000 | $1,440,000 |
| White |
9,828 | $1,558,276,000 |
$158,000 | $1,700,000 |
$79,000 | $2,293,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
23,936 | $4,223,471,000 |
$176,000 | $1,700,000 |
$86,000 | $3,957,000 |
| 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 |
939 | $179,393,000 |
$191,000 | $760,000 |
$91,000 | $1,116,000 |
| Application Denied By Financial Institution |
4,752 | $912,848,000 |
$192,000 | $1,700,000 |
$93,000 | $3,516,000 |
| Application Withdrawn By Applicant |
116 | $21,791,000 |
$187,000 | $632,000 |
$82,000 | $480,000 |
| File Closed For Incompleteness |
8,377 | $1,439,063,000 |
$171,000 | $851,000 |
$85,000 | $3,957,000 |
| Loan Originated |
9,747 | $1,669,960,000 |
$171,000 | $850,000 |
$82,000 | $2,553,000 |
| Loan Purchased By The Institution |
5 | $416,000 |
$83,000 | $118,000 |
$49,000 | $65,000 |
| 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 |
530 | $94,897,000 |
$179,000 | $750,000 |
$101,000 | $1,080,000 |
| Credit Application Incomplete |
11 | $1,803,000 |
$163,000 | $485,000 |
$63,000 | $153,000 |
| Credit History |
1,235 | $222,980,000 |
$180,000 | $826,000 |
$80,000 | $620,000 |
| Debt-To-Income Ratio |
1,052 | $208,160,000 |
$197,000 | $904,000 |
$73,000 | $733,000 |
| Employment History |
149 | $23,042,000 |
$154,000 | $608,000 |
$96,000 | $1,533,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
18 | $2,845,000 |
$158,000 | $422,000 |
$97,000 | $342,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
762 | $136,963,000 |
$179,000 | $1,700,000 |
$98,000 | $3,516,000 |
| Unverifiable Information |
995 | $222,158,000 |
$223,000 | $945,000 |
$121,000 | $923,000 |
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Mortgage Loan App Totals for MERITAGE MORTGAGE CORPORATION by:
Metropolitan Area And
County
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