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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 CLEARING CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
MORTGAGE CLEARING CORPORATION |
| Address | 5612 S. LEWIS
TULSA, OK 74105 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 612 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $66,109,000 |
| Average Mortgage Loan Amount Applied For | $118,666 |
| Highest Mortgage Loan Amount Applied For | $417,000 |
| Average Applicant Income | $68,305 |
| Highest Applicant Income | $1,040,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
479 | $51,686,000 |
$107,000 | $417,000 |
$51,000 | $512,000 |
| Refinancing |
133 | $14,423,000 |
$108,000 | $417,000 |
$68,000 | $1,040,000 |
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| American Indian or Alaskan Native |
33 | $3,003,000 |
$91,000 | $202,000 |
$41,000 | $84,000 |
| Asian |
8 | $809,000 |
$101,000 | $156,000 |
$36,000 | $51,000 |
| Black or African American |
33 | $3,141,000 |
$95,000 | $166,000 |
$39,000 | $81,000 |
| Hispanic |
18 | $2,028,000 |
$112,000 | $220,000 |
$45,000 | $77,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
21 | $2,291,000 |
$109,000 | $300,000 |
$62,000 | $192,000 |
| White |
499 | $54,837,000 |
$109,000 | $417,000 |
$57,000 | $1,040,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
129 | $15,453,000 |
$119,000 | $417,000 |
$86,000 | $1,040,000 |
| FHA-insured (Federal Housing Administration) |
424 | $43,180,000 |
$101,000 | $220,000 |
$45,000 | $256,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
17 | $1,853,000 |
$109,000 | $150,000 |
$40,000 | $52,000 |
| VA-guaranteed (Veterans Administration) |
42 | $5,623,000 |
$133,000 | $320,000 |
$59,000 | $134,000 |
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| Application Approved But Not Accepted |
1 | $77,000 |
$77,000 | $77,000 |
$52,000 | $52,000 |
| Application Denied By Financial Institution |
9 | $819,000 |
$91,000 | $132,000 |
$40,000 | $69,000 |
| Application Withdrawn By Applicant |
4 | $498,000 |
$124,000 | $234,000 |
$77,000 | $123,000 |
| File Closed For Incompleteness |
1 | $109,000 |
$109,000 | $109,000 |
$59,000 | $59,000 |
| Loan Originated |
143 | $16,162,000 |
$113,000 | $417,000 |
$77,000 | $1,040,000 |
| Loan Purchased By The Institution |
454 | $48,444,000 |
$106,000 | $417,000 |
$48,000 | $256,000 |
| 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 |
1 | $77,000 |
$77,000 | $77,000 |
$43,000 | $43,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $181,000 |
$90,000 | $99,000 |
$53,000 | $69,000 |
| Debt-To-Income Ratio |
4 | $421,000 |
$105,000 | $132,000 |
$29,000 | $44,000 |
| 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 |
2 | $140,000 |
$70,000 | $95,000 |
$48,000 | $52,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for MORTGAGE CLEARING CORPORATION by:
Metropolitan Area And
County
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