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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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MLA, INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
MLA, INC. |
| Address | 24370 NORTHWESTERN HWY. STE 150
SOUTHFIELD, MI 48075 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 344 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $22,143,000 |
| Average Mortgage Loan Amount Applied For | $128,750 |
| Highest Mortgage Loan Amount Applied For | $330,000 |
| Average Applicant Income | $69,250 |
| Highest Applicant Income | $900,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
321 | $20,120,000 |
$62,000 | $330,000 |
$68,000 | $900,000 |
| Refinancing |
28 | $2,525,000 |
$90,000 | $254,000 |
$86,000 | $268,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
3 | $183,000 |
$61,000 | $76,000 |
$92,000 | $92,000 |
| Black or African American |
197 | $12,815,000 |
$65,000 | $305,000 |
$68,000 | $779,000 |
| Hispanic |
4 | $189,000 |
$47,000 | $55,000 |
$225,000 | $900,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
40 | $2,202,000 |
$55,000 | $91,000 |
$49,000 | $268,000 |
| Not Provided |
48 | $3,119,000 |
$64,000 | $104,000 |
$48,000 | $137,000 |
| White |
57 | $4,137,000 |
$72,000 | $330,000 |
$91,000 | $379,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
348 | $22,468,000 |
$64,000 | $330,000 |
$69,000 | $900,000 |
| FHA-insured (Federal Housing Administration) |
1 | $177,000 |
$177,000 | $177,000 |
$69,000 | $69,000 |
| 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 |
8 | $838,000 |
$104,000 | $305,000 |
$84,000 | $174,000 |
| Application Withdrawn By Applicant |
5 | $319,000 |
$63,000 | $100,000 |
$41,000 | $176,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
293 | $17,036,000 |
$58,000 | $330,000 |
$66,000 | $900,000 |
| Loan Purchased By The Institution |
43 | $4,452,000 |
$103,000 | $279,000 |
$90,000 | $779,000 |
| 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 |
4 | $478,000 |
$119,000 | $305,000 |
$124,000 | $174,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $100,000 |
$100,000 | $100,000 |
$86,000 | $86,000 |
| Debt-To-Income Ratio |
2 | $160,000 |
$80,000 | $100,000 |
$11,000 | $22,000 |
| Employment History |
1 | $100,000 |
$100,000 | $100,000 |
$67,000 | $67,000 |
| 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 MLA, INC. by:
Metropolitan Area And
County
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