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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 LENDERS OF AMERICA, L
Mortgage Loans and Application Details
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| Mortgage Company Name |
MORTGAGE LENDERS OF AMERICA, L |
| Address | 8400 WEST 110TH SUITE 500
OVERLAND PARK, KS 66210 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2004 |
| All Data Years | 2003 2004 |
| Total Number of Mortgage Loan Applications Processed | 801 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $105,813,000 |
| Average Mortgage Loan Amount Applied For | $129,442 |
| Highest Mortgage Loan Amount Applied For | $600,000 |
| Average Applicant Income | $59,385 |
| Highest Applicant Income | $300,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
478 | $60,069,000 |
$121,181 | $587,000 |
$55,090 | $231,000 |
| Refinancing |
323 | $45,744,000 |
$142,333 | $600,000 |
$62,500 | $300,000 |
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| American Indian or Alaskan Native |
6 | $627,000 |
$109,000 | $230,000 |
$67,000 | $96,000 |
| Asian |
17 | $2,757,000 |
$171,500 | $334,000 |
$103,000 | $210,000 |
| Black or African American |
62 | $6,808,000 |
$114,875 | $388,000 |
$59,125 | $146,000 |
| Hispanic |
19 | $1,942,000 |
$89,000 | $172,000 |
$48,000 | $77,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $221,000 |
$221,000 | $221,000 |
$48,000 | $48,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
64 | $9,763,000 |
$157,222 | $600,000 |
$76,111 | $192,000 |
| White |
632 | $83,695,000 |
$128,500 | $599,000 |
$56,833 | $300,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
612 | $80,693,000 |
$129,416 | $600,000 |
$63,250 | $300,000 |
| FHA-insured (Federal Housing Administration) |
89 | $11,161,000 |
$128,875 | $258,000 |
$52,750 | $239,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
100 | $13,959,000 |
$132,636 | $240,000 |
$48,545 | $122,000 |
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| Application Approved But Not Accepted |
6 | $1,185,000 |
$218,000 | $600,000 |
$90,600 | $192,000 |
| Application Denied By Financial Institution |
9 | $785,000 |
$90,666 | $142,000 |
$48,333 | $87,000 |
| Application Withdrawn By Applicant |
28 | $2,746,000 |
$106,333 | $364,000 |
$67,444 | $169,000 |
| File Closed For Incompleteness |
1 | $165,000 |
$165,000 | $165,000 |
$74,000 | $74,000 |
| Loan Originated |
729 | $96,160,000 |
$127,833 | $599,000 |
$59,750 | $300,000 |
| Loan Purchased By The Institution |
28 | $4,772,000 |
$149,714 | $418,000 |
$2,000 | $28,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $178,000 |
$89,000 | $142,000 |
$58,000 | $58,000 |
| Debt-To-Income Ratio |
1 | $116,000 |
$116,000 | $116,000 |
$41,000 | $41,000 |
| 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 |
6 | $491,000 |
$74,333 | $128,000 |
$46,333 | $87,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for MORTGAGE LENDERS OF AMERICA, L by:
Metropolitan Area And
County
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