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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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PARAMOUNT MORTGAGE
Mortgage Loans and Application Details
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| Mortgage Company Name |
PARAMOUNT MORTGAGE |
| Address | 2496 COMMONS BLVD.
BEAVERCREEK, OH 45431-3774 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 637 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $71,903,000 |
| Average Mortgage Loan Amount Applied For | $114,315 |
| Highest Mortgage Loan Amount Applied For | $556,000 |
| Average Applicant Income | $68,105 |
| Highest Applicant Income | $350,000 |
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| Home Improvement |
8 | $432,000 |
$54,000 | $120,000 |
$42,000 | $65,000 |
| Home Purchase |
551 | $64,047,000 |
$116,000 | $556,000 |
$76,000 | $350,000 |
| Refinancing |
78 | $7,424,000 |
$95,000 | $280,000 |
$71,000 | $156,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
6 | $873,000 |
$145,000 | $343,000 |
$115,000 | $180,000 |
| Black or African American |
8 | $1,076,000 |
$134,000 | $245,000 |
$48,000 | $87,000 |
| Hispanic |
2 | $281,000 |
$140,000 | $143,000 |
$90,000 | $90,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $200,000 |
$200,000 | $200,000 |
$140,000 | $140,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
227 | $25,688,000 |
$113,000 | $443,000 |
$76,000 | $350,000 |
| White |
393 | $43,785,000 |
$111,000 | $556,000 |
$74,000 | $350,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
496 | $54,216,000 |
$109,000 | $556,000 |
$80,000 | $350,000 |
| FHA-insured (Federal Housing Administration) |
95 | $9,903,000 |
$104,000 | $218,000 |
$49,000 | $169,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
46 | $7,784,000 |
$169,000 | $305,000 |
$71,000 | $165,000 |
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| Application Approved But Not Accepted |
21 | $1,985,000 |
$94,000 | $208,000 |
$72,000 | $195,000 |
| Application Denied By Financial Institution |
48 | $4,721,000 |
$98,000 | $403,000 |
$58,000 | $257,000 |
| Application Withdrawn By Applicant |
82 | $8,447,000 |
$103,000 | $443,000 |
$68,000 | $260,000 |
| File Closed For Incompleteness |
2 | $68,000 |
$34,000 | $53,000 |
$54,000 | $94,000 |
| Loan Originated |
484 | $56,682,000 |
$117,000 | $556,000 |
$78,000 | $350,000 |
| 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 |
13 | $960,000 |
$73,000 | $155,000 |
$49,000 | $120,000 |
| Credit Application Incomplete |
2 | $299,000 |
$149,000 | $235,000 |
$84,000 | $127,000 |
| Credit History |
8 | $792,000 |
$99,000 | $174,000 |
$56,000 | $78,000 |
| Debt-To-Income Ratio |
8 | $678,000 |
$84,000 | $160,000 |
$25,000 | $36,000 |
| Employment History |
2 | $178,000 |
$89,000 | $93,000 |
$43,000 | $44,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $429,000 |
$143,000 | $284,000 |
$114,000 | $146,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
7 | $633,000 |
$90,000 | $194,000 |
$30,000 | $84,000 |
| Unverifiable Information |
5 | $752,000 |
$150,000 | $403,000 |
$136,000 | $257,000 |
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Mortgage Loan App Totals for PARAMOUNT MORTGAGE by:
Metropolitan Area And
County
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