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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 INVESTORS GROUP
Mortgage Loans and Application Details
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| Mortgage Company Name |
MORTGAGE INVESTORS GROUP |
| Address | 8320 E. WALKER SPRINGS LN. SUITE 200
KNOXVILLE, TN 37923 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 12,863 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $3,061,681,000 |
| Average Mortgage Loan Amount Applied For | $219,050 |
| Highest Mortgage Loan Amount Applied For | $7,000,000 |
| Average Applicant Income | $100,376 |
| Highest Applicant Income | $8,400,000 |
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| Home Improvement |
5 | $613,000 |
$122,000 | $400,000 |
$112,000 | $132,000 |
| Home Purchase |
5,908 | $1,107,399,000 |
$187,000 | $7,000,000 |
$93,000 | $3,432,000 |
| Refinancing |
6,979 | $1,958,147,000 |
$280,000 | $5,500,000 |
$113,000 | $8,400,000 |
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| American Indian or Alaskan Native |
36 | $10,179,000 |
$282,000 | $1,425,000 |
$97,000 | $480,000 |
| Asian |
642 | $197,319,000 |
$307,000 | $4,973,000 |
$150,000 | $1,440,000 |
| Black or African American |
890 | $239,049,000 |
$268,000 | $1,875,000 |
$114,000 | $816,000 |
| Hispanic |
1,752 | $490,620,000 |
$280,000 | $1,978,000 |
$126,000 | $8,400,000 |
| Native Hawaiin or Other Pacific Islander |
74 | $23,547,000 |
$318,000 | $760,000 |
$127,000 | $319,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1,357 | $378,549,000 |
$278,000 | $7,000,000 |
$69,000 | $4,200,000 |
| White |
8,141 | $1,726,896,000 |
$212,000 | $5,500,000 |
$100,000 | $2,780,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
11,439 | $2,884,562,000 |
$252,000 | $7,000,000 |
$111,000 | $8,400,000 |
| FHA-insured (Federal Housing Administration) |
1,122 | $132,773,000 |
$118,000 | $340,000 |
$42,000 | $305,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
26 | $2,660,000 |
$102,000 | $231,000 |
$32,000 | $49,000 |
| VA-guaranteed (Veterans Administration) |
305 | $46,164,000 |
$151,000 | $370,000 |
$52,000 | $158,000 |
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| Application Approved But Not Accepted |
2,066 | $567,030,000 |
$274,000 | $4,500,000 |
$132,000 | $4,200,000 |
| Application Denied By Financial Institution |
715 | $211,308,000 |
$295,000 | $7,000,000 |
$147,000 | $3,432,000 |
| Application Withdrawn By Applicant |
2,233 | $608,896,000 |
$272,000 | $5,500,000 |
$108,000 | $8,400,000 |
| File Closed For Incompleteness |
46 | $12,189,000 |
$264,000 | $788,000 |
$129,000 | $342,000 |
| Loan Originated |
7,825 | $1,662,217,000 |
$212,000 | $2,173,000 |
$91,000 | $2,780,000 |
| Loan Purchased By The Institution |
6 | $3,837,000 |
$639,000 | $1,978,000 |
$221,000 | $660,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
1 | $682,000 |
$682,000 | $682,000 |
$510,000 | $510,000 |
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| Collateral |
33 | $8,986,000 |
$272,000 | $3,760,000 |
$145,000 | $1,380,000 |
| Credit Application Incomplete |
3 | $551,000 |
$183,000 | $283,000 |
$49,000 | $62,000 |
| Credit History |
90 | $17,391,000 |
$193,000 | $650,000 |
$99,000 | $600,000 |
| Debt-To-Income Ratio |
31 | $7,679,000 |
$247,000 | $2,535,000 |
$97,000 | $443,000 |
| Employment History |
19 | $2,919,000 |
$153,000 | $411,000 |
$97,000 | $300,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $276,000 |
$92,000 | $155,000 |
$117,000 | $172,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
34 | $7,129,000 |
$209,000 | $992,000 |
$166,000 | $726,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for MORTGAGE INVESTORS GROUP by:
Metropolitan Area And
County
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