|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
MORTGAGE AMERICA, INC.
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
MORTGAGE AMERICA, INC. |
| Address | 1425 GRAPE STREET
WHITEHALL, PA 18052 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,429 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $342,676,000 |
| Average Mortgage Loan Amount Applied For | $151,205 |
| Highest Mortgage Loan Amount Applied For | $1,300,000 |
| Average Applicant Income | $97,205 |
| Highest Applicant Income | $1,900,000 |
|
|
|
| Home Improvement |
8 | $1,257,000 |
$157,000 | $315,000 |
$69,000 | $110,000 |
| Home Purchase |
2,037 | $280,573,000 |
$137,000 | $1,300,000 |
$76,000 | $1,900,000 |
| Refinancing |
384 | $60,846,000 |
$158,000 | $635,000 |
$87,000 | $1,716,000 |
|
|
| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
24 | $4,039,000 |
$168,000 | $392,000 |
$88,000 | $205,000 |
| Black or African American |
43 | $6,038,000 |
$140,000 | $524,000 |
$60,000 | $200,000 |
| Hispanic |
113 | $14,021,000 |
$124,000 | $417,000 |
$58,000 | $202,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $212,000 |
$212,000 | $212,000 |
$96,000 | $96,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
5 | $950,000 |
$190,000 | $280,000 |
$65,000 | $100,000 |
| White |
2,243 | $317,416,000 |
$141,000 | $1,300,000 |
$79,000 | $1,900,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,073 | $292,819,000 |
$141,000 | $1,300,000 |
$81,000 | $1,900,000 |
| FHA-insured (Federal Housing Administration) |
296 | $39,699,000 |
$134,000 | $280,000 |
$53,000 | $154,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
60 | $10,158,000 |
$169,000 | $329,000 |
$64,000 | $135,000 |
|
|
| Application Approved But Not Accepted |
1 | $142,000 |
$142,000 | $142,000 |
$38,000 | $38,000 |
| Application Denied By Financial Institution |
49 | $6,311,000 |
$128,000 | $279,000 |
$61,000 | $215,000 |
| Application Withdrawn By Applicant |
30 | $4,943,000 |
$164,000 | $508,000 |
$57,000 | $140,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
2,349 | $331,280,000 |
$141,000 | $1,300,000 |
$78,000 | $1,900,000 |
| 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 |
|
|
| Collateral |
3 | $129,000 |
$43,000 | $66,000 |
$29,000 | $36,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
5 | $526,000 |
$105,000 | $179,000 |
$47,000 | $50,000 |
| Debt-To-Income Ratio |
3 | $430,000 |
$143,000 | $222,000 |
$26,000 | $33,000 |
| Employment History |
1 | $184,000 |
$184,000 | $184,000 |
$83,000 | $83,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
1 | $185,000 |
$185,000 | $185,000 |
$59,000 | $59,000 |
| Other |
2 | $348,000 |
$174,000 | $208,000 |
$55,000 | $76,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
Mortgage Loan App Totals for MORTGAGE AMERICA, INC. by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
