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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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METRO FUNDING CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
METRO FUNDING CORPORATION |
| Address | 5445 DTC PARKWAY #870
GREENWOOD VILLAGE, CO 80111 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2004 |
| All Data Years | 2004 |
| Total Number of Mortgage Loan Applications Processed | 10 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $1,759,000 |
| Average Mortgage Loan Amount Applied For | $182,571 |
| Highest Mortgage Loan Amount Applied For | $482,000 |
| Average Applicant Income | $56,000 |
| Highest Applicant Income | $155,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
12 | $2,155,000 |
$179,000 | $232,000 |
$67,000 | $155,000 |
| Refinancing |
6 | $1,017,000 |
$294,500 | $482,000 |
$36,500 | $84,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
4 | $660,000 |
$165,000 | $190,000 |
$52,000 | $58,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1 | $202,000 |
$202,000 | $202,000 |
$58,000 | $58,000 |
| White |
13 | $2,310,000 |
$317,000 | $482,000 |
$44,000 | $155,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
10 | $1,911,000 |
$320,000 | $482,000 |
$49,500 | $155,000 |
| FHA-insured (Federal Housing Administration) |
6 | $942,000 |
$157,000 | $202,000 |
$44,000 | $58,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
2 | $319,000 |
$159,000 | $217,000 |
$36,000 | $45,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
14 | $2,488,000 |
$318,000 | $482,000 |
$40,500 | $107,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
1 | $163,000 |
$163,000 | $163,000 |
$155,000 | $155,000 |
| Loan Originated |
3 | $521,000 |
$173,000 | $217,000 |
$43,000 | $58,000 |
| 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 | $165,000 |
$82,000 | $95,000 |
$57,000 | $84,000 |
| Credit Application Incomplete |
2 | $389,000 |
$194,000 | $229,000 |
$58,000 | $62,000 |
| Credit History |
3 | $521,000 |
$173,000 | $190,000 |
$47,000 | $58,000 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $190,000 |
$190,000 | $190,000 |
$50,000 | $50,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
2 | $299,000 |
$149,000 | $150,000 |
$50,000 | $54,000 |
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Mortgage Loan App Totals for METRO FUNDING CORPORATION by:
Metropolitan Area And
County
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