|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
MICHIGAN MUTAUL, INC. D/B/A FI
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
MICHIGAN MUTAUL, INC. D/B/A FI |
| Address | 800 MICHIGAN STREET
PORT HURON, MI 48060 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 4,657 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $574,986,000 |
| Average Mortgage Loan Amount Applied For | $137,473 |
| Highest Mortgage Loan Amount Applied For | $1,440,000 |
| Average Applicant Income | $100,257 |
| Highest Applicant Income | $1,948,000 |
|
|
|
| Home Improvement |
1,094 | $44,549,000 |
$40,000 | $500,000 |
$92,000 | $1,948,000 |
| Home Purchase |
1,923 | $266,391,000 |
$138,000 | $1,470,000 |
$74,000 | $1,948,000 |
| Refinancing |
2,719 | $397,439,000 |
$146,000 | $1,440,000 |
$76,000 | $1,192,000 |
|
|
| American Indian or Alaskan Native |
8 | $931,000 |
$116,000 | $300,000 |
$60,000 | $128,000 |
| Asian |
35 | $4,315,000 |
$123,000 | $316,000 |
$103,000 | $312,000 |
| Black or African American |
477 | $49,083,000 |
$102,000 | $576,000 |
$70,000 | $720,000 |
| Hispanic |
200 | $22,731,000 |
$113,000 | $324,000 |
$68,000 | $625,000 |
| Native Hawaiin or Other Pacific Islander |
8 | $1,323,000 |
$165,000 | $316,000 |
$116,000 | $210,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
165 | $17,944,000 |
$108,000 | $607,000 |
$61,000 | $250,000 |
| White |
4,843 | $612,052,000 |
$126,000 | $1,470,000 |
$80,000 | $1,948,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
5,248 | $648,805,000 |
$123,000 | $1,470,000 |
$81,000 | $1,948,000 |
| FHA-insured (Federal Housing Administration) |
486 | $59,338,000 |
$122,000 | $229,000 |
$52,000 | $214,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $134,000 |
$134,000 | $134,000 |
$40,000 | $40,000 |
| VA-guaranteed (Veterans Administration) |
1 | $102,000 |
$102,000 | $102,000 |
$37,000 | $37,000 |
|
|
| Application Approved But Not Accepted |
1,223 | $155,294,000 |
$126,000 | $1,470,000 |
$75,000 | $789,000 |
| Application Denied By Financial Institution |
730 | $88,927,000 |
$121,000 | $1,440,000 |
$75,000 | $660,000 |
| Application Withdrawn By Applicant |
162 | $15,849,000 |
$97,000 | $450,000 |
$77,000 | $960,000 |
| File Closed For Incompleteness |
136 | $16,281,000 |
$119,000 | $875,000 |
$69,000 | $341,000 |
| Loan Originated |
702 | $79,753,000 |
$113,000 | $725,000 |
$70,000 | $463,000 |
| Loan Purchased By The Institution |
2,783 | $352,275,000 |
$126,000 | $1,430,000 |
$83,000 | $1,948,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
|
| Collateral |
138 | $18,466,000 |
$133,000 | $800,000 |
$86,000 | $594,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
205 | $25,732,000 |
$125,000 | $1,440,000 |
$59,000 | $540,000 |
| Debt-To-Income Ratio |
17 | $1,775,000 |
$104,000 | $201,000 |
$55,000 | $156,000 |
| Employment History |
20 | $2,968,000 |
$148,000 | $552,000 |
$110,000 | $312,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
9 | $819,000 |
$91,000 | $190,000 |
$60,000 | $180,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
339 | $38,625,000 |
$113,000 | $1,000,000 |
$79,000 | $660,000 |
| Unverifiable Information |
2 | $542,000 |
$271,000 | $502,000 |
$127,000 | $172,000 |
|
Mortgage Loan App Totals for MICHIGAN MUTAUL, INC. D/B/A FI by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
