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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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MIDWEST FAMILY LENDING
Mortgage Loans and Application Details
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| Mortgage Company Name |
MIDWEST FAMILY LENDING |
| Address | 2844 104TH STREET
URBANDALE, IA 50322 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,485 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $147,337,000 |
| Average Mortgage Loan Amount Applied For | $100,985 |
| Highest Mortgage Loan Amount Applied For | $750,000 |
| Average Applicant Income | $52,474 |
| Highest Applicant Income | $480,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
916 | $83,178,000 |
$90,000 | $800,000 |
$41,000 | $903,000 |
| Refinancing |
989 | $103,524,000 |
$104,000 | $750,000 |
$53,000 | $450,000 |
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| American Indian or Alaskan Native |
6 | $533,000 |
$88,000 | $145,000 |
$48,000 | $89,000 |
| Asian |
16 | $1,574,000 |
$98,000 | $180,000 |
$54,000 | $92,000 |
| Black or African American |
46 | $4,846,000 |
$105,000 | $350,000 |
$48,000 | $408,000 |
| Hispanic |
137 | $9,826,000 |
$71,000 | $215,000 |
$36,000 | $86,000 |
| Native Hawaiin or Other Pacific Islander |
5 | $336,000 |
$67,000 | $76,000 |
$23,000 | $37,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
195 | $20,637,000 |
$105,000 | $800,000 |
$41,000 | $903,000 |
| White |
1,500 | $148,950,000 |
$99,000 | $750,000 |
$49,000 | $480,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,852 | $180,991,000 |
$97,000 | $800,000 |
$48,000 | $903,000 |
| FHA-insured (Federal Housing Administration) |
34 | $3,618,000 |
$106,000 | $207,000 |
$48,000 | $132,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
19 | $2,093,000 |
$110,000 | $170,000 |
$45,000 | $82,000 |
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| Application Approved But Not Accepted |
121 | $13,388,000 |
$110,000 | $383,000 |
$52,000 | $150,000 |
| Application Denied By Financial Institution |
743 | $64,279,000 |
$86,000 | $310,000 |
$39,000 | $480,000 |
| Application Withdrawn By Applicant |
487 | $55,690,000 |
$114,000 | $800,000 |
$56,000 | $903,000 |
| File Closed For Incompleteness |
72 | $7,889,000 |
$109,000 | $325,000 |
$40,000 | $103,000 |
| Loan Originated |
482 | $45,456,000 |
$94,000 | $632,000 |
$52,000 | $271,000 |
| 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 |
36 | $3,542,000 |
$98,000 | $240,000 |
$50,000 | $85,000 |
| Credit Application Incomplete |
1 | $65,000 |
$65,000 | $65,000 |
$31,000 | $31,000 |
| Credit History |
540 | $46,902,000 |
$86,000 | $270,000 |
$38,000 | $408,000 |
| Debt-To-Income Ratio |
51 | $4,556,000 |
$89,000 | $310,000 |
$31,000 | $74,000 |
| Employment History |
21 | $1,976,000 |
$94,000 | $275,000 |
$48,000 | $480,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
17 | $1,177,000 |
$69,000 | $169,000 |
$52,000 | $335,000 |
| Mortgage Insurance Denied |
1 | $60,000 |
$60,000 | $60,000 |
$11,000 | $11,000 |
| Other |
70 | $5,471,000 |
$78,000 | $252,000 |
$43,000 | $150,000 |
| Unverifiable Information |
6 | $530,000 |
$88,000 | $137,000 |
$30,000 | $48,000 |
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Mortgage Loan App Totals for MIDWEST FAMILY LENDING by:
Metropolitan Area And
County
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