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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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MILESTONE MORTGAGE CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
MILESTONE MORTGAGE CORPORATION |
| Address | 10255 RICHMOND AVENUE #450
HOUSTON, TX 77042 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,808 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $295,236,000 |
| Average Mortgage Loan Amount Applied For | $168,714 |
| Highest Mortgage Loan Amount Applied For | $2,505,000 |
| Average Applicant Income | $111,222 |
| Highest Applicant Income | $7,348,000 |
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| Home Improvement |
1 | $376,000 |
$376,000 | $376,000 |
$188,000 | $188,000 |
| Home Purchase |
2,225 | $334,159,000 |
$150,000 | $2,505,000 |
$84,000 | $7,348,000 |
| Refinancing |
249 | $61,640,000 |
$247,000 | $2,000,000 |
$110,000 | $2,262,000 |
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| American Indian or Alaskan Native |
2 | $272,000 |
$136,000 | $192,000 |
$102,000 | $111,000 |
| Asian |
47 | $8,451,000 |
$179,000 | $1,000,000 |
$76,000 | $272,000 |
| Black or African American |
94 | $12,342,000 |
$131,000 | $630,000 |
$61,000 | $603,000 |
| Hispanic |
411 | $48,532,000 |
$118,000 | $680,000 |
$56,000 | $610,000 |
| Native Hawaiin or Other Pacific Islander |
3 | $455,000 |
$151,000 | $176,000 |
$54,000 | $72,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
43 | $7,002,000 |
$162,000 | $682,000 |
$88,000 | $516,000 |
| White |
1,875 | $319,121,000 |
$170,000 | $2,505,000 |
$95,000 | $7,348,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,852 | $321,229,000 |
$173,000 | $2,505,000 |
$96,000 | $7,348,000 |
| FHA-insured (Federal Housing Administration) |
514 | $58,749,000 |
$114,000 | $214,000 |
$57,000 | $220,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
3 | $502,000 |
$167,000 | $255,000 |
$63,000 | $75,000 |
| VA-guaranteed (Veterans Administration) |
106 | $15,695,000 |
$148,000 | $397,000 |
$62,000 | $166,000 |
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| Application Approved But Not Accepted |
28 | $4,690,000 |
$167,000 | $520,000 |
$182,000 | $1,200,000 |
| Application Denied By Financial Institution |
40 | $4,440,000 |
$111,000 | $519,000 |
$74,000 | $730,000 |
| Application Withdrawn By Applicant |
388 | $66,526,000 |
$171,000 | $2,000,000 |
$90,000 | $1,314,000 |
| File Closed For Incompleteness |
26 | $3,960,000 |
$152,000 | $460,000 |
$59,000 | $250,000 |
| Loan Originated |
1,643 | $266,439,000 |
$162,000 | $2,505,000 |
$88,000 | $7,348,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
350 | $50,120,000 |
$143,000 | $1,250,000 |
$72,000 | $894,000 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
8 | $917,000 |
$114,000 | $264,000 |
$181,000 | $730,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
18 | $1,843,000 |
$102,000 | $194,000 |
$47,000 | $98,000 |
| Debt-To-Income Ratio |
4 | $350,000 |
$87,000 | $140,000 |
$28,000 | $35,000 |
| Employment History |
2 | $224,000 |
$112,000 | $117,000 |
$20,000 | $41,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $792,000 |
$264,000 | $519,000 |
$136,000 | $174,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
4 | $237,000 |
$59,000 | $99,000 |
$22,000 | $43,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for MILESTONE MORTGAGE CORPORATION by:
Metropolitan Area And
County
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