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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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MERRLIN MORTGAGE CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
MERRLIN MORTGAGE CORPORATION |
| Address | 7015 COLLEGE BLVD., SUITE 240
OVERLAND PARK, KS 66211 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,004 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $166,721,000 |
| Average Mortgage Loan Amount Applied For | $175,411 |
| Highest Mortgage Loan Amount Applied For | $1,275,000 |
| Average Applicant Income | $98,710 |
| Highest Applicant Income | $924,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
654 | $103,872,000 |
$158,000 | $956,000 |
$86,000 | $924,000 |
| Refinancing |
402 | $69,514,000 |
$172,000 | $1,275,000 |
$95,000 | $752,000 |
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| American Indian or Alaskan Native |
2 | $226,000 |
$113,000 | $139,000 |
$66,000 | $84,000 |
| Asian |
15 | $2,761,000 |
$184,000 | $368,000 |
$105,000 | $220,000 |
| Black or African American |
27 | $4,189,000 |
$155,000 | $333,000 |
$70,000 | $159,000 |
| Hispanic |
11 | $1,604,000 |
$145,000 | $365,000 |
$77,000 | $168,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
48 | $6,380,000 |
$132,000 | $341,000 |
$72,000 | $322,000 |
| White |
953 | $158,226,000 |
$166,000 | $1,275,000 |
$91,000 | $924,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
967 | $161,673,000 |
$167,000 | $1,275,000 |
$93,000 | $924,000 |
| FHA-insured (Federal Housing Administration) |
27 | $3,500,000 |
$129,000 | $203,000 |
$47,000 | $100,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
35 | $2,553,000 |
$72,000 | $240,000 |
$49,000 | $166,000 |
| VA-guaranteed (Veterans Administration) |
27 | $5,660,000 |
$209,000 | $363,000 |
$71,000 | $162,000 |
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| Application Approved But Not Accepted |
27 | $3,617,000 |
$133,000 | $279,000 |
$81,000 | $236,000 |
| Application Denied By Financial Institution |
31 | $4,045,000 |
$130,000 | $370,000 |
$51,000 | $148,000 |
| Application Withdrawn By Applicant |
105 | $15,829,000 |
$150,000 | $548,000 |
$70,000 | $332,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
893 | $149,895,000 |
$167,000 | $1,275,000 |
$93,000 | $924,000 |
| 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 |
3 | $353,000 |
$117,000 | $157,000 |
$79,000 | $127,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
16 | $1,825,000 |
$114,000 | $256,000 |
$42,000 | $148,000 |
| Debt-To-Income Ratio |
4 | $802,000 |
$200,000 | $370,000 |
$64,000 | $97,000 |
| Employment History |
2 | $208,000 |
$104,000 | $144,000 |
$35,000 | $41,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $316,000 |
$158,000 | $231,000 |
$55,000 | $73,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $172,000 |
$172,000 | $172,000 |
$120,000 | $120,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for MERRLIN MORTGAGE CORPORATION by:
Metropolitan Area And
County
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