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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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MORTGAGEAMERICA, INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
MORTGAGEAMERICA, INC. |
| Address | 1800 INTERNATIONAL PARK DR, SUITE 100
BIRMINGHAM, AL 35243 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 5,657 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $784,159,000 |
| Average Mortgage Loan Amount Applied For | $131,295 |
| Highest Mortgage Loan Amount Applied For | $1,680,000 |
| Average Applicant Income | $63,654 |
| Highest Applicant Income | $2,400,000 |
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| Home Improvement |
2 | $314,000 |
$157,000 | $270,000 |
$66,000 | $84,000 |
| Home Purchase |
3,826 | $513,125,000 |
$134,000 | $1,389,000 |
$61,000 | $1,440,000 |
| Refinancing |
1,829 | $270,720,000 |
$148,000 | $1,680,000 |
$67,000 | $2,400,000 |
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| American Indian or Alaskan Native |
9 | $1,024,000 |
$113,000 | $207,000 |
$68,000 | $150,000 |
| Asian |
55 | $9,175,000 |
$166,000 | $486,000 |
$75,000 | $216,000 |
| Black or African American |
773 | $91,971,000 |
$118,000 | $417,000 |
$49,000 | $240,000 |
| Hispanic |
145 | $20,732,000 |
$142,000 | $570,000 |
$53,000 | $415,000 |
| Native Hawaiin or Other Pacific Islander |
11 | $2,554,000 |
$232,000 | $558,000 |
$111,000 | $204,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
370 | $46,505,000 |
$125,000 | $740,000 |
$52,000 | $600,000 |
| White |
4,294 | $612,198,000 |
$142,000 | $1,680,000 |
$66,000 | $2,400,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
3,938 | $567,724,000 |
$144,000 | $1,680,000 |
$69,000 | $2,400,000 |
| FHA-insured (Federal Housing Administration) |
1,227 | $136,834,000 |
$111,000 | $225,000 |
$45,000 | $515,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
39 | $3,885,000 |
$99,000 | $252,000 |
$40,000 | $162,000 |
| VA-guaranteed (Veterans Administration) |
453 | $75,716,000 |
$167,000 | $400,000 |
$60,000 | $213,000 |
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| Application Approved But Not Accepted |
56 | $6,387,000 |
$114,000 | $400,000 |
$53,000 | $300,000 |
| Application Denied By Financial Institution |
432 | $54,619,000 |
$126,000 | $1,680,000 |
$52,000 | $815,000 |
| Application Withdrawn By Applicant |
1,045 | $145,597,000 |
$139,000 | $1,389,000 |
$59,000 | $600,000 |
| File Closed For Incompleteness |
28 | $4,466,000 |
$159,000 | $500,000 |
$62,000 | $198,000 |
| Loan Originated |
3,776 | $532,686,000 |
$141,000 | $1,400,000 |
$65,000 | $2,400,000 |
| Loan Purchased By The Institution |
320 | $40,404,000 |
$126,000 | $417,000 |
$62,000 | $309,000 |
| 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 |
41 | $6,063,000 |
$147,000 | $1,680,000 |
$102,000 | $815,000 |
| Credit Application Incomplete |
14 | $2,042,000 |
$145,000 | $316,000 |
$59,000 | $150,000 |
| Credit History |
256 | $33,197,000 |
$129,000 | $877,000 |
$46,000 | $300,000 |
| Debt-To-Income Ratio |
49 | $5,344,000 |
$109,000 | $292,000 |
$38,000 | $86,000 |
| Employment History |
13 | $1,516,000 |
$116,000 | $191,000 |
$37,000 | $78,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
10 | $1,166,000 |
$116,000 | $314,000 |
$42,000 | $115,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
48 | $5,228,000 |
$108,000 | $412,000 |
$60,000 | $351,000 |
| Unverifiable Information |
1 | $63,000 |
$63,000 | $63,000 |
$18,000 | $18,000 |
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Mortgage Loan App Totals for MORTGAGEAMERICA, INC. by:
Metropolitan Area And
County
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