|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
MOUNTAIN MORTGAGE CORP.
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
MOUNTAIN MORTGAGE CORP. |
| Address | 1903 MORRIS AVENUE
UNION, NJ 07083 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 312 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $117,090,000 |
| Average Mortgage Loan Amount Applied For | $347,935 |
| Highest Mortgage Loan Amount Applied For | $1,995,000 |
| Average Applicant Income | $145,516 |
| Highest Applicant Income | $1,097,000 |
|
|
|
| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
216 | $85,506,000 |
$395,000 | $1,995,000 |
$163,000 | $1,097,000 |
| Refinancing |
96 | $31,584,000 |
$329,000 | $800,000 |
$132,000 | $515,000 |
|
|
| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
36 | $12,194,000 |
$338,000 | $600,000 |
$171,000 | $1,097,000 |
| Black or African American |
21 | $6,205,000 |
$295,000 | $640,000 |
$108,000 | $315,000 |
| Hispanic |
9 | $2,802,000 |
$311,000 | $441,000 |
$97,000 | $186,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
2 | $605,000 |
$302,000 | $425,000 |
$96,000 | $132,000 |
| White |
244 | $95,284,000 |
$390,000 | $1,995,000 |
$157,000 | $1,000,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
304 | $115,181,000 |
$378,000 | $1,995,000 |
$155,000 | $1,097,000 |
| FHA-insured (Federal Housing Administration) |
8 | $1,909,000 |
$238,000 | $320,000 |
$76,000 | $101,000 |
| 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 |
5 | $1,776,000 |
$355,000 | $620,000 |
$146,000 | $210,000 |
| Application Denied By Financial Institution |
10 | $2,763,000 |
$276,000 | $419,000 |
$96,000 | $250,000 |
| Application Withdrawn By Applicant |
33 | $13,110,000 |
$397,000 | $964,000 |
$142,000 | $550,000 |
| File Closed For Incompleteness |
10 | $3,829,000 |
$382,000 | $800,000 |
$179,000 | $515,000 |
| Loan Originated |
254 | $95,612,000 |
$376,000 | $1,995,000 |
$156,000 | $1,097,000 |
| 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 |
1 | $144,000 |
$144,000 | $144,000 |
$78,000 | $78,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
3 | $1,011,000 |
$337,000 | $399,000 |
$137,000 | $250,000 |
| Debt-To-Income Ratio |
4 | $1,027,000 |
$256,000 | $419,000 |
$65,000 | $111,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $261,000 |
$261,000 | $261,000 |
$88,000 | $88,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
1 | $320,000 |
$320,000 | $320,000 |
$124,000 | $124,000 |
|
Mortgage Loan App Totals for MOUNTAIN MORTGAGE CORP. by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
