|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
MORTGAGE PLUS OF AMERICA CORPO
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
MORTGAGE PLUS OF AMERICA CORPO |
| Address | 3245 SOUTH 8TH STREET
KALAMAZOO, MI 49009 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 506 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $60,991,000 |
| Average Mortgage Loan Amount Applied For | $129,954 |
| Highest Mortgage Loan Amount Applied For | $880,000 |
| Average Applicant Income | $90,000 |
| Highest Applicant Income | $699,000 |
|
|
|
| Home Improvement |
3 | $560,000 |
$186,000 | $340,000 |
$109,000 | $213,000 |
| Home Purchase |
220 | $23,611,000 |
$107,000 | $500,000 |
$79,000 | $699,000 |
| Refinancing |
283 | $36,820,000 |
$130,000 | $880,000 |
$92,000 | $635,000 |
|
|
| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $147,000 |
$147,000 | $147,000 |
$47,000 | $47,000 |
| Black or African American |
44 | $3,640,000 |
$82,000 | $176,000 |
$62,000 | $306,000 |
| Hispanic |
8 | $791,000 |
$98,000 | $203,000 |
$51,000 | $156,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
2 | $256,000 |
$128,000 | $205,000 |
$108,000 | $109,000 |
| White |
451 | $56,157,000 |
$124,000 | $880,000 |
$89,000 | $699,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
374 | $46,749,000 |
$124,000 | $880,000 |
$101,000 | $699,000 |
| FHA-insured (Federal Housing Administration) |
132 | $14,242,000 |
$107,000 | $203,000 |
$47,000 | $146,000 |
| 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 |
|
|
| Application Approved But Not Accepted |
60 | $7,291,000 |
$121,000 | $500,000 |
$74,000 | $258,000 |
| Application Denied By Financial Institution |
50 | $5,246,000 |
$104,000 | $375,000 |
$68,000 | $240,000 |
| Application Withdrawn By Applicant |
68 | $7,911,000 |
$116,000 | $472,000 |
$98,000 | $372,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
328 | $40,543,000 |
$123,000 | $880,000 |
$89,000 | $699,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
|
| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
1 | $82,000 |
$82,000 | $82,000 |
$30,000 | $30,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
3 | $242,000 |
$80,000 | $106,000 |
$106,000 | $240,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
Mortgage Loan App Totals for MORTGAGE PLUS OF AMERICA CORPO by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
