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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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PALLADIUM MORTGAGE CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
PALLADIUM MORTGAGE CORPORATION |
| Address | 3790 DATA DRIVE SUITE 100
NORCROSS, GA 30092 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 461 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $64,269,000 |
| Average Mortgage Loan Amount Applied For | $151,333 |
| Highest Mortgage Loan Amount Applied For | $417,000 |
| Average Applicant Income | $70,416 |
| Highest Applicant Income | $300,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
488 | $67,686,000 |
$138,000 | $417,000 |
$58,000 | $300,000 |
| Refinancing |
5 | $571,000 |
$114,000 | $200,000 |
$33,000 | $84,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $207,000 |
$207,000 | $207,000 |
$67,000 | $67,000 |
| Black or African American |
399 | $54,336,000 |
$136,000 | $361,000 |
$56,000 | $300,000 |
| Hispanic |
26 | $3,713,000 |
$142,000 | $263,000 |
$39,000 | $111,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
5 | $462,000 |
$92,000 | $177,000 |
$69,000 | $105,000 |
| Not Provided |
36 | $5,230,000 |
$145,000 | $266,000 |
$76,000 | $197,000 |
| White |
26 | $4,309,000 |
$165,000 | $417,000 |
$67,000 | $145,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
443 | $58,341,000 |
$131,000 | $417,000 |
$57,000 | $300,000 |
| FHA-insured (Federal Housing Administration) |
46 | $9,089,000 |
$197,000 | $257,000 |
$64,000 | $115,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
4 | $827,000 |
$206,000 | $226,000 |
$48,000 | $74,000 |
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| Application Approved But Not Accepted |
10 | $1,265,000 |
$126,000 | $285,000 |
$53,000 | $87,000 |
| Application Denied By Financial Institution |
7 | $1,067,000 |
$152,000 | $225,000 |
$90,000 | $137,000 |
| Application Withdrawn By Applicant |
130 | $17,512,000 |
$134,000 | $272,000 |
$50,000 | $160,000 |
| File Closed For Incompleteness |
3 | $409,000 |
$136,000 | $199,000 |
$28,000 | $86,000 |
| Loan Originated |
343 | $48,004,000 |
$139,000 | $417,000 |
$60,000 | $300,000 |
| 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 |
3 | $475,000 |
$158,000 | $225,000 |
$76,000 | $84,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $184,000 |
$92,000 | $155,000 |
$137,000 | $137,000 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $210,000 |
$210,000 | $210,000 |
$50,000 | $50,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
1 | $198,000 |
$198,000 | $198,000 |
$79,000 | $79,000 |
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Mortgage Loan App Totals for PALLADIUM MORTGAGE CORPORATION by:
Metropolitan Area And
County
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