|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
MIDWEST LOAN SERVICES, INC
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
MIDWEST LOAN SERVICES, INC |
| Address | 616 SHELDEN AVE, SUITE 300
HOUGHTON, MI 49931 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 367 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $43,975,000 |
| Average Mortgage Loan Amount Applied For | $152,437 |
| Highest Mortgage Loan Amount Applied For | $550,000 |
| Average Applicant Income | $71,125 |
| Highest Applicant Income | $220,000 |
|
|
|
| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
201 | $23,163,000 |
$115,000 | $400,000 |
$54,000 | $216,000 |
| Refinancing |
221 | $29,087,000 |
$131,000 | $550,000 |
$54,000 | $220,000 |
|
|
| American Indian or Alaskan Native |
2 | $158,000 |
$79,000 | $100,000 |
$46,000 | $63,000 |
| Asian |
5 | $1,174,000 |
$234,000 | $327,000 |
$85,000 | $149,000 |
| Black or African American |
20 | $2,864,000 |
$143,000 | $350,000 |
$58,000 | $108,000 |
| Hispanic |
18 | $3,919,000 |
$217,000 | $550,000 |
$55,000 | $148,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
80 | $11,981,000 |
$149,000 | $388,000 |
$63,000 | $217,000 |
| White |
297 | $32,154,000 |
$108,000 | $417,000 |
$51,000 | $220,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
422 | $52,250,000 |
$123,000 | $550,000 |
$54,000 | $220,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
|
|
| Application Approved But Not Accepted |
48 | $5,915,000 |
$123,000 | $388,000 |
$50,000 | $149,000 |
| Application Denied By Financial Institution |
40 | $5,359,000 |
$133,000 | $390,000 |
$46,000 | $107,000 |
| Application Withdrawn By Applicant |
45 | $6,976,000 |
$155,000 | $550,000 |
$68,000 | $220,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
232 | $25,601,000 |
$110,000 | $417,000 |
$52,000 | $217,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
50 | $7,834,000 |
$156,000 | $350,000 |
$58,000 | $119,000 |
| Preapproval Denied by Financial Institution |
7 | $565,000 |
$80,000 | $165,000 |
$41,000 | $86,000 |
|
|
| Collateral |
6 | $563,000 |
$93,000 | $215,000 |
$32,000 | $54,000 |
| Credit Application Incomplete |
1 | $265,000 |
$265,000 | $265,000 |
$66,000 | $66,000 |
| Credit History |
25 | $3,084,000 |
$123,000 | $350,000 |
$45,000 | $107,000 |
| Debt-To-Income Ratio |
9 | $1,493,000 |
$165,000 | $390,000 |
$45,000 | $71,000 |
| Employment History |
1 | $28,000 |
$28,000 | $28,000 |
$42,000 | $42,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $120,000 |
$120,000 | $120,000 |
$70,000 | $70,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
4 | $371,000 |
$92,000 | $134,000 |
$59,000 | $102,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
Mortgage Loan App Totals for MIDWEST LOAN SERVICES, INC by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
