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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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MILA, INC
Mortgage Loans and Application Details
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| Mortgage Company Name |
MILA, INC |
| Address | 6021 244TH ST. SW
MOUNTLAKE TERRACE, WA 98043 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 119,753 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $20,206,272,000 |
| Average Mortgage Loan Amount Applied For | $118,087 |
| Highest Mortgage Loan Amount Applied For | $8,200,000 |
| Average Applicant Income | $67,266 |
| Highest Applicant Income | $8,745,000 |
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| Home Improvement |
9,970 | $2,172,936,000 |
$217,000 | $5,250,000 |
$91,000 | $4,808,000 |
| Home Purchase |
69,087 | $9,617,646,000 |
$139,000 | $8,200,000 |
$83,000 | $4,587,000 |
| Refinancing |
47,956 | $9,202,193,000 |
$191,000 | $3,320,000 |
$93,000 | $8,745,000 |
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| American Indian or Alaskan Native |
538 | $97,284,000 |
$180,000 | $990,000 |
$92,000 | $1,212,000 |
| Asian |
5,456 | $1,271,762,000 |
$233,000 | $1,680,000 |
$121,000 | $1,995,000 |
| Black or African American |
28,298 | $4,007,703,000 |
$141,000 | $2,380,000 |
$80,000 | $3,600,000 |
| Hispanic |
31,694 | $5,314,583,000 |
$167,000 | $2,220,000 |
$83,000 | $4,899,000 |
| Native Hawaiin or Other Pacific Islander |
912 | $230,945,000 |
$253,000 | $1,000,000 |
$120,000 | $913,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
12,983 | $2,372,226,000 |
$182,000 | $4,060,000 |
$91,000 | $3,959,000 |
| White |
47,132 | $7,698,272,000 |
$163,000 | $8,200,000 |
$90,000 | $8,745,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
127,013 | $20,992,775,000 |
$165,000 | $8,200,000 |
$88,000 | $8,745,000 |
| 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 |
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| Application Approved But Not Accepted |
75,171 | $13,072,001,000 |
$173,000 | $3,000,000 |
$94,000 | $8,745,000 |
| Application Denied By Financial Institution |
27,424 | $4,534,753,000 |
$165,000 | $8,200,000 |
$82,000 | $4,808,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
10 | $1,199,000 |
$119,000 | $353,000 |
$68,000 | $188,000 |
| Loan Originated |
17,148 | $2,598,319,000 |
$151,000 | $1,957,000 |
$84,000 | $1,534,000 |
| 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 |
7,260 | $786,503,000 |
$108,000 | $1,530,000 |
$54,000 | $2,669,000 |
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| Collateral |
1,795 | $286,755,000 |
$159,000 | $2,590,000 |
$104,000 | $3,832,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
244 | $42,587,000 |
$174,000 | $896,000 |
$85,000 | $522,000 |
| Debt-To-Income Ratio |
854 | $165,229,000 |
$193,000 | $1,424,000 |
$70,000 | $784,000 |
| Employment History |
206 | $34,199,000 |
$166,000 | $1,680,000 |
$100,000 | $494,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
77 | $18,377,000 |
$238,000 | $990,000 |
$125,000 | $490,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
31,470 | $4,766,787,000 |
$151,000 | $8,200,000 |
$74,000 | $4,808,000 |
| Unverifiable Information |
38 | $7,322,000 |
$192,000 | $591,000 |
$113,000 | $240,000 |
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Mortgage Loan App Totals for MILA, INC by:
Metropolitan Area And
County
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