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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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MOLTON, ALLEN & WILLIAMS MTG
Mortgage Loans and Application Details
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| Mortgage Company Name |
MOLTON, ALLEN & WILLIAMS MTG |
| Address | 1000 URBAN CENTER DRIVE, STE 500
BIRMINGHAM, AL 35242 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 3,228 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $506,647,000 |
| Average Mortgage Loan Amount Applied For | $149,949 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $63,577 |
| Highest Applicant Income | $1,392,000 |
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| Home Improvement |
3 | $518,000 |
$172,000 | $350,000 |
$84,000 | $120,000 |
| Home Purchase |
2,040 | $303,883,000 |
$148,000 | $1,000,000 |
$63,000 | $1,392,000 |
| Refinancing |
1,268 | $213,193,000 |
$168,000 | $1,000,000 |
$68,000 | $400,000 |
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| American Indian or Alaskan Native |
6 | $665,000 |
$110,000 | $183,000 |
$41,000 | $78,000 |
| Asian |
62 | $14,247,000 |
$229,000 | $720,000 |
$93,000 | $438,000 |
| Black or African American |
659 | $98,273,000 |
$149,000 | $1,000,000 |
$53,000 | $240,000 |
| Hispanic |
289 | $42,505,000 |
$147,000 | $1,000,000 |
$55,000 | $498,000 |
| Native Hawaiin or Other Pacific Islander |
14 | $2,659,000 |
$189,000 | $337,000 |
$84,000 | $134,000 |
| Not applicable |
37 | $6,285,000 |
$169,000 | $410,000 |
$60,000 | $134,000 |
| Not Provided |
25 | $3,195,000 |
$127,000 | $360,000 |
$75,000 | $846,000 |
| White |
2,219 | $349,765,000 |
$157,000 | $1,000,000 |
$69,000 | $1,392,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,458 | $388,725,000 |
$158,000 | $1,000,000 |
$69,000 | $1,392,000 |
| FHA-insured (Federal Housing Administration) |
548 | $72,638,000 |
$132,000 | $405,000 |
$52,000 | $267,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
305 | $56,231,000 |
$184,000 | $417,000 |
$60,000 | $395,000 |
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| Application Approved But Not Accepted |
130 | $21,376,000 |
$164,000 | $618,000 |
$75,000 | $395,000 |
| Application Denied By Financial Institution |
299 | $42,505,000 |
$142,000 | $1,000,000 |
$64,000 | $498,000 |
| Application Withdrawn By Applicant |
187 | $29,998,000 |
$160,000 | $975,000 |
$58,000 | $258,000 |
| File Closed For Incompleteness |
320 | $43,910,000 |
$137,000 | $1,000,000 |
$54,000 | $324,000 |
| Loan Originated |
2,295 | $367,629,000 |
$160,000 | $1,000,000 |
$67,000 | $1,392,000 |
| Loan Purchased By The Institution |
37 | $6,285,000 |
$169,000 | $410,000 |
$60,000 | $134,000 |
| Preapproval Approved but not Accepted |
8 | $1,079,000 |
$134,000 | $255,000 |
$54,000 | $106,000 |
| Preapproval Denied by Financial Institution |
35 | $4,812,000 |
$137,000 | $416,000 |
$47,000 | $106,000 |
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| Collateral |
41 | $6,605,000 |
$161,000 | $560,000 |
$92,000 | $312,000 |
| Credit Application Incomplete |
4 | $361,000 |
$90,000 | $145,000 |
$112,000 | $238,000 |
| Credit History |
137 | $17,776,000 |
$129,000 | $433,000 |
$51,000 | $204,000 |
| Debt-To-Income Ratio |
62 | $9,626,000 |
$155,000 | $872,000 |
$79,000 | $498,000 |
| Employment History |
12 | $2,637,000 |
$219,000 | $1,000,000 |
$49,000 | $138,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
11 | $1,131,000 |
$102,000 | $302,000 |
$45,000 | $198,000 |
| Mortgage Insurance Denied |
1 | $252,000 |
$252,000 | $252,000 |
$164,000 | $164,000 |
| Other |
59 | $8,296,000 |
$140,000 | $587,000 |
$56,000 | $182,000 |
| Unverifiable Information |
7 | $633,000 |
$90,000 | $196,000 |
$44,000 | $84,000 |
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Mortgage Loan App Totals for MOLTON, ALLEN & WILLIAMS MTG by:
Metropolitan Area And
County
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