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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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MOUNTAIN CREST MORTGAGE INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
MOUNTAIN CREST MORTGAGE INC. |
| Address | 724 S. PEARL ST.
DENVER, CO 80209 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 403 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $101,933,000 |
| Average Mortgage Loan Amount Applied For | $264,300 |
| Highest Mortgage Loan Amount Applied For | $941,000 |
| Average Applicant Income | $116,100 |
| Highest Applicant Income | $604,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
255 | $62,246,000 |
$244,000 | $900,000 |
$104,000 | $604,000 |
| Refinancing |
152 | $40,634,000 |
$267,000 | $941,000 |
$104,000 | $483,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
31 | $7,493,000 |
$241,000 | $775,000 |
$91,000 | $180,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
363 | $92,249,000 |
$254,000 | $941,000 |
$105,000 | $604,000 |
| White |
13 | $3,138,000 |
$241,000 | $385,000 |
$120,000 | $288,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
387 | $99,255,000 |
$256,000 | $941,000 |
$106,000 | $604,000 |
| FHA-insured (Federal Housing Administration) |
16 | $2,863,000 |
$178,000 | $234,000 |
$58,000 | $102,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
4 | $762,000 |
$190,000 | $275,000 |
$54,000 | $69,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
7 | $2,161,000 |
$308,000 | $860,000 |
$102,000 | $216,000 |
| Application Withdrawn By Applicant |
74 | $17,211,000 |
$232,000 | $775,000 |
$88,000 | $252,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
326 | $83,508,000 |
$256,000 | $941,000 |
$108,000 | $604,000 |
| 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 |
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| Collateral |
2 | $928,000 |
$464,000 | $860,000 |
$185,000 | $216,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $230,000 |
$230,000 | $230,000 |
$63,000 | $63,000 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
3 | $875,000 |
$291,000 | $345,000 |
$50,000 | $64,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for MOUNTAIN CREST MORTGAGE INC. by:
Metropolitan Area And
County
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