|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
PACESETTER MORTGAGE CO., INC.
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
PACESETTER MORTGAGE CO., INC. |
| Address | 2152 COMMONS PARKWAY
OKEMOS, MI 48864 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2004 |
| All Data Years | 2003 2004 |
| Total Number of Mortgage Loan Applications Processed | 205 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $28,744,000 |
| Average Mortgage Loan Amount Applied For | $139,750 |
| Highest Mortgage Loan Amount Applied For | $650,000 |
| Average Applicant Income | $64,333 |
| Highest Applicant Income | $316,000 |
|
|
|
| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
98 | $12,931,000 |
$131,000 | $457,000 |
$61,000 | $275,000 |
| Refinancing |
107 | $15,813,000 |
$147,000 | $650,000 |
$85,000 | $316,000 |
|
|
| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
6 | $952,000 |
$158,000 | $334,000 |
$85,000 | $174,000 |
| Black or African American |
11 | $1,773,000 |
$161,000 | $392,000 |
$80,000 | $141,000 |
| Hispanic |
7 | $786,000 |
$112,000 | $260,000 |
$110,000 | $227,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $138,000 |
$69,000 | $97,000 |
$70,000 | $101,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1 | $174,000 |
$174,000 | $174,000 |
$55,000 | $55,000 |
| White |
178 | $24,921,000 |
$140,000 | $650,000 |
$70,000 | $316,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
205 | $28,744,000 |
$140,000 | $650,000 |
$73,000 | $316,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
7 | $736,000 |
$105,000 | $185,000 |
$66,000 | $112,000 |
| Application Denied By Financial Institution |
20 | $1,830,000 |
$91,000 | $272,000 |
$65,000 | $227,000 |
| Application Withdrawn By Applicant |
79 | $10,515,000 |
$133,000 | $650,000 |
$75,000 | $275,000 |
| File Closed For Incompleteness |
3 | $482,000 |
$160,000 | $280,000 |
$69,000 | $120,000 |
| Loan Originated |
96 | $15,181,000 |
$158,000 | $334,000 |
$78,000 | $316,000 |
| 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 |
3 | $148,000 |
$49,000 | $79,000 |
$33,000 | $38,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
15 | $1,476,000 |
$98,000 | $272,000 |
$85,000 | $227,000 |
| Debt-To-Income Ratio |
1 | $98,000 |
$98,000 | $98,000 |
$21,000 | $21,000 |
| 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 |
1 | $108,000 |
$108,000 | $108,000 |
$36,000 | $36,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
Mortgage Loan App Totals for PACESETTER MORTGAGE CO., INC. by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
