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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 MASTER SERVICE CORP
Mortgage Loans and Application Details
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| Mortgage Company Name |
MORTGAGE MASTER SERVICE CORP |
| Address | 24909 104TH AVENUE SOUTHEAST #100
KENT, WA 98030 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,066 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $206,979,000 |
| Average Mortgage Loan Amount Applied For | $162,962 |
| Highest Mortgage Loan Amount Applied For | $1,200,000 |
| Average Applicant Income | $82,037 |
| Highest Applicant Income | $1,710,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
640 | $123,827,000 |
$193,000 | $1,200,000 |
$105,000 | $1,710,000 |
| Refinancing |
435 | $85,175,000 |
$195,000 | $920,000 |
$99,000 | $1,200,000 |
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| American Indian or Alaskan Native |
3 | $438,000 |
$146,000 | $232,000 |
$55,000 | $66,000 |
| Asian |
74 | $16,716,000 |
$225,000 | $825,000 |
$120,000 | $468,000 |
| Black or African American |
31 | $6,360,000 |
$205,000 | $616,000 |
$94,000 | $240,000 |
| Hispanic |
34 | $6,944,000 |
$204,000 | $458,000 |
$87,000 | $216,000 |
| Native Hawaiin or Other Pacific Islander |
14 | $1,727,000 |
$123,000 | $335,000 |
$84,000 | $191,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
919 | $176,817,000 |
$192,000 | $1,200,000 |
$102,000 | $1,710,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,021 | $197,689,000 |
$193,000 | $1,200,000 |
$104,000 | $1,710,000 |
| FHA-insured (Federal Housing Administration) |
43 | $8,804,000 |
$204,000 | $335,000 |
$73,000 | $278,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
11 | $2,509,000 |
$228,000 | $324,000 |
$68,000 | $97,000 |
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| Application Approved But Not Accepted |
58 | $12,218,000 |
$210,000 | $713,000 |
$89,000 | $468,000 |
| Application Denied By Financial Institution |
32 | $6,368,000 |
$199,000 | $920,000 |
$88,000 | $307,000 |
| Application Withdrawn By Applicant |
56 | $12,055,000 |
$215,000 | $800,000 |
$150,000 | $1,620,000 |
| File Closed For Incompleteness |
66 | $11,626,000 |
$176,000 | $825,000 |
$103,000 | $468,000 |
| Loan Originated |
854 | $164,712,000 |
$192,000 | $1,200,000 |
$101,000 | $1,710,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
8 | $1,865,000 |
$233,000 | $716,000 |
$115,000 | $254,000 |
| Preapproval Denied by Financial Institution |
1 | $158,000 |
$158,000 | $158,000 |
$43,000 | $43,000 |
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| Collateral |
11 | $2,960,000 |
$269,000 | $920,000 |
$109,000 | $307,000 |
| Credit Application Incomplete |
2 | $257,000 |
$128,000 | $205,000 |
$81,000 | $100,000 |
| Credit History |
5 | $792,000 |
$158,000 | $221,000 |
$49,000 | $58,000 |
| Debt-To-Income Ratio |
4 | $702,000 |
$175,000 | $232,000 |
$50,000 | $60,000 |
| Employment History |
1 | $250,000 |
$250,000 | $250,000 |
$58,000 | $58,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $270,000 |
$135,000 | $216,000 |
$156,000 | $156,000 |
| Unverifiable Information |
2 | $180,000 |
$90,000 | $144,000 |
$58,000 | $58,000 |
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Mortgage Loan App Totals for MORTGAGE MASTER SERVICE CORP by:
Metropolitan Area And
County
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