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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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MIDTOWN FINANCIAL SERVICES
Mortgage Loans and Application Details
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| Mortgage Company Name |
MIDTOWN FINANCIAL SERVICES |
| Address | 120 WEST MAIN STREET SUITE 206
NORTHVILLE, MI 48167 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 292 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $68,980,000 |
| Average Mortgage Loan Amount Applied For | $235,064 |
| Highest Mortgage Loan Amount Applied For | $3,200,000 |
| Average Applicant Income | $222,161 |
| Highest Applicant Income | $1,032,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
132 | $30,485,000 |
$230,000 | $3,200,000 |
$177,000 | $1,032,000 |
| Refinancing |
160 | $38,495,000 |
$240,000 | $967,000 |
$238,000 | $720,000 |
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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 |
11 | $1,429,000 |
$129,000 | $360,000 |
$162,000 | $285,000 |
| Hispanic |
3 | $790,000 |
$263,000 | $420,000 |
$155,000 | $267,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
51 | $10,942,000 |
$214,000 | $636,000 |
$114,000 | $370,000 |
| White |
227 | $55,819,000 |
$245,000 | $3,200,000 |
$235,000 | $1,032,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
290 | $68,694,000 |
$236,000 | $3,200,000 |
$211,000 | $1,032,000 |
| FHA-insured (Federal Housing Administration) |
2 | $286,000 |
$143,000 | $186,000 |
$41,000 | $46,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
15 | $3,303,000 |
$220,000 | $800,000 |
$243,000 | $720,000 |
| Application Withdrawn By Applicant |
96 | $22,510,000 |
$234,000 | $3,200,000 |
$152,000 | $732,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
181 | $43,167,000 |
$238,000 | $1,431,000 |
$238,000 | $1,032,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $55,000 |
$55,000 | $55,000 |
$192,000 | $192,000 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for MIDTOWN FINANCIAL SERVICES by:
Metropolitan Area And
County
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