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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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MORTGAGE 1 INCORPORATED
Mortgage Loans and Application Details
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| Mortgage Company Name |
MORTGAGE 1 INCORPORATED |
| Address | 43456 MOUND RD
STERLING HEIGHTS, MI 48314 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 136 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $18,689,000 |
| Average Mortgage Loan Amount Applied For | $167,222 |
| Highest Mortgage Loan Amount Applied For | $546,000 |
| Average Applicant Income | $78,222 |
| Highest Applicant Income | $355,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
55 | $6,038,000 |
$109,000 | $266,000 |
$63,000 | $323,000 |
| Refinancing |
81 | $12,651,000 |
$156,000 | $546,000 |
$73,000 | $355,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
3 | $349,000 |
$116,000 | $186,000 |
$46,000 | $56,000 |
| Black or African American |
24 | $3,118,000 |
$129,000 | $417,000 |
$55,000 | $132,000 |
| Hispanic |
1 | $149,000 |
$149,000 | $149,000 |
$35,000 | $35,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $200,000 |
$200,000 | $200,000 |
$52,000 | $52,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
20 | $2,431,000 |
$121,000 | $247,000 |
$64,000 | $108,000 |
| White |
87 | $12,442,000 |
$143,000 | $546,000 |
$76,000 | $355,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
119 | $16,569,000 |
$139,000 | $546,000 |
$72,000 | $355,000 |
| FHA-insured (Federal Housing Administration) |
17 | $2,120,000 |
$124,000 | $218,000 |
$45,000 | $88,000 |
| 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 |
13 | $2,144,000 |
$164,000 | $305,000 |
$84,000 | $216,000 |
| Application Denied By Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Withdrawn By Applicant |
116 | $15,505,000 |
$133,000 | $546,000 |
$66,000 | $355,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
7 | $1,040,000 |
$148,000 | $330,000 |
$86,000 | $108,000 |
| 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 MORTGAGE 1 INCORPORATED by:
Metropolitan Area And
County
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