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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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MMS MORTGAGE SERVICES, LTD
Mortgage Loans and Application Details
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| Mortgage Company Name |
MMS MORTGAGE SERVICES, LTD |
| Address | 38275 12 MILE RD., STE 100
FARMINGTON HILLS, MI 48331 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 105 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $10,907,000 |
| Average Mortgage Loan Amount Applied For | $109,102 |
| Highest Mortgage Loan Amount Applied For | $319,000 |
| Average Applicant Income | $53,435 |
| Highest Applicant Income | $138,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
37 | $3,933,000 |
$106,000 | $265,000 |
$55,000 | $137,000 |
| Refinancing |
68 | $6,974,000 |
$102,000 | $319,000 |
$47,000 | $138,000 |
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| American Indian or Alaskan Native |
2 | $144,000 |
$72,000 | $79,000 |
$18,000 | $20,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
10 | $768,000 |
$76,000 | $160,000 |
$37,000 | $75,000 |
| Hispanic |
1 | $41,000 |
$41,000 | $41,000 |
$33,000 | $33,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
92 | $9,954,000 |
$108,000 | $319,000 |
$53,000 | $138,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
90 | $9,180,000 |
$102,000 | $319,000 |
$50,000 | $138,000 |
| FHA-insured (Federal Housing Administration) |
15 | $1,727,000 |
$115,000 | $204,000 |
$52,000 | $98,000 |
| 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 |
1 | $115,000 |
$115,000 | $115,000 |
$87,000 | $87,000 |
| Application Denied By Financial Institution |
3 | $264,000 |
$88,000 | $157,000 |
$40,000 | $75,000 |
| Application Withdrawn By Applicant |
9 | $1,166,000 |
$129,000 | $204,000 |
$55,000 | $98,000 |
| File Closed For Incompleteness |
2 | $182,000 |
$91,000 | $107,000 |
$36,000 | $50,000 |
| Loan Originated |
90 | $9,180,000 |
$102,000 | $319,000 |
$50,000 | $138,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 MMS MORTGAGE SERVICES, LTD by:
Metropolitan Area And
County
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