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| $5,279,183,286,000 in Mortgage Loans Applied for in 2007 from 26,605,695 Applications |
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MONUMENT MORTGAGE COMPANY, INC
Mortgage Loans and Application Details
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| Mortgage Company Name |
MONUMENT MORTGAGE COMPANY, INC |
| Address | 1050 WALTHAM STREET
LEXINGTON, MA 02421 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2007 |
| Data Years (click a year for detail) | 2005 2006 2007 |
| Total Number of Mortgage Loan Applications Processed | 196 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $60,271,000 |
| Average Mortgage Loan Amount Applied For | $279,611 |
| Highest Mortgage Loan Amount Applied For | $614,000 |
| Average Applicant Income | $168,388 |
| Highest Applicant Income | $600,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
152 | $50,307,000 |
$330,000 | $1,820,000 |
$138,000 | $600,000 |
| Refinancing |
100 | $29,893,000 |
$298,000 | $614,000 |
$123,000 | $600,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
6 | $1,990,000 |
$331,000 | $540,000 |
$156,000 | $420,000 |
| Black or African American |
4 | $1,370,000 |
$342,000 | $400,000 |
$75,000 | $101,000 |
| Hispanic |
7 | $2,124,000 |
$303,000 | $417,000 |
$186,000 | $600,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
2 | $708,000 |
$354,000 | $428,000 |
$118,000 | $155,000 |
| White |
233 | $74,008,000 |
$317,000 | $1,820,000 |
$131,000 | $600,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
252 | $80,200,000 |
$318,000 | $1,820,000 |
$132,000 | $600,000 |
| 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 |
8 | $2,305,000 |
$288,000 | $417,000 |
$144,000 | $331,000 |
| Application Denied By Financial Institution |
11 | $3,578,000 |
$325,000 | $417,000 |
$154,000 | $600,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
177 | $54,388,000 |
$307,000 | $614,000 |
$137,000 | $540,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
54 | $19,449,000 |
$360,000 | $1,820,000 |
$113,000 | $600,000 |
| Preapproval Denied by Financial Institution |
2 | $480,000 |
$240,000 | $280,000 |
$67,000 | $72,000 |
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| Collateral |
1 | $375,000 |
$375,000 | $375,000 |
$600,000 | $600,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
6 | $1,677,000 |
$279,000 | $417,000 |
$95,000 | $172,000 |
| Debt-To-Income Ratio |
4 | $1,349,000 |
$337,000 | $376,000 |
$102,000 | $151,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $417,000 |
$417,000 | $417,000 |
$163,000 | $163,000 |
| 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 MONUMENT MORTGAGE COMPANY, INC by:
Metropolitan Area And
County
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