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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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MORTGAGE LENDERS NETWORK USA
Mortgage Loans and Application Details
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| Mortgage Company Name |
MORTGAGE LENDERS NETWORK USA |
| Address | 213 COURT STREET
MIDDLETOWN, CT 06457 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2005 |
| Data Years (click a year for detail) | 2003 2004 2005 |
| Total Number of Mortgage Loan Applications Processed | 75,829 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $11,681,937,000 |
| Average Mortgage Loan Amount Applied For | $114,922 |
| Highest Mortgage Loan Amount Applied For | $1,325,000 |
| Average Applicant Income | $71,268 |
| Highest Applicant Income | $9,999,000 |
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| Home Improvement |
2,137 | $138,092,000 |
$70,479 | $800,000 |
$78,895 | $2,637,000 |
| Home Purchase |
23,740 | $3,466,478,000 |
$125,156 | $1,100,000 |
$84,921 | $9,749,000 |
| Refinancing |
50,080 | $8,093,994,000 |
$149,686 | $1,325,000 |
$80,313 | $9,999,000 |
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| American Indian or Alaskan Native |
205 | $29,597,000 |
$145,368 | $675,000 |
$114,657 | $1,825,000 |
| Asian |
1,185 | $245,457,000 |
$180,813 | $780,000 |
$109,976 | $5,372,000 |
| Black or African American |
8,485 | $1,196,624,000 |
$131,276 | $1,000,000 |
$66,361 | $4,428,000 |
| Hispanic |
5,805 | $947,736,000 |
$135,000 | $910,000 |
$74,875 | $8,180,000 |
| Native Hawaiin or Other Pacific Islander |
197 | $34,335,000 |
$155,285 | $670,000 |
$106,321 | $2,906,000 |
| Not applicable |
4 | $461,000 |
$84,500 | $212,000 |
$43,500 | $60,000 |
| Not Provided |
26,458 | $3,912,912,000 |
$140,461 | $1,325,000 |
$78,673 | $5,468,000 |
| White |
33,618 | $5,331,442,000 |
$144,700 | $1,000,000 |
$89,060 | $9,999,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
75,957 | $11,698,564,000 |
$139,288 | $1,325,000 |
$83,153 | $9,999,000 |
| 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 |
3,799 | $592,052,000 |
$143,229 | $1,000,000 |
$92,458 | $5,699,000 |
| Application Denied By Financial Institution |
22,577 | $3,227,461,000 |
$135,816 | $1,325,000 |
$75,102 | $7,113,000 |
| Application Withdrawn By Applicant |
16,612 | $2,474,832,000 |
$146,941 | $1,100,000 |
$77,215 | $6,000,000 |
| File Closed For Incompleteness |
378 | $67,574,000 |
$159,857 | $750,000 |
$87,547 | $836,000 |
| Loan Originated |
29,543 | $4,883,982,000 |
$140,836 | $1,000,000 |
$85,408 | $9,999,000 |
| Loan Purchased By The Institution |
2,920 | $436,036,000 |
$138,605 | $960,000 |
$117,078 | $5,240,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
128 | $16,627,000 |
$129,000 | $495,000 |
$45,000 | $1,044,000 |
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| Collateral |
3,422 | $480,047,000 |
$138,920 | $1,325,000 |
$92,920 | $2,404,000 |
| Credit Application Incomplete |
2,953 | $466,701,000 |
$147,875 | $969,000 |
$75,979 | $1,964,000 |
| Credit History |
8,436 | $1,121,644,000 |
$130,820 | $980,000 |
$68,740 | $7,113,000 |
| Debt-To-Income Ratio |
2,913 | $432,952,000 |
$133,780 | $933,000 |
$48,200 | $1,200,000 |
| Employment History |
989 | $141,692,000 |
$135,777 | $713,000 |
$70,155 | $900,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
277 | $37,464,000 |
$136,375 | $768,000 |
$55,600 | $588,000 |
| Mortgage Insurance Denied |
14 | $2,219,000 |
$155,181 | $245,000 |
$96,727 | $900,000 |
| Other |
3,001 | $441,457,000 |
$137,617 | $896,000 |
$91,106 | $5,372,000 |
| Unverifiable Information |
688 | $117,599,000 |
$151,826 | $1,000,000 |
$84,282 | $1,570,000 |
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Mortgage Loan App Totals for MORTGAGE LENDERS NETWORK USA by:
Metropolitan Area And
County
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