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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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PLATINUM MORTGAGE, INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
PLATINUM MORTGAGE, INC. |
| Address | 103 SPENRYN DR. SUITE B
MADISON, AL 35758 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 655 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $78,827,000 |
| Average Mortgage Loan Amount Applied For | $111,583 |
| Highest Mortgage Loan Amount Applied For | $480,000 |
| Average Applicant Income | $71,041 |
| Highest Applicant Income | $411,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
655 | $78,827,000 |
$120,000 | $480,000 |
$67,000 | $411,000 |
| Refinancing |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| American Indian or Alaskan Native |
1 | $48,000 |
$48,000 | $48,000 |
$104,000 | $104,000 |
| Asian |
15 | $1,968,000 |
$131,000 | $275,000 |
$92,000 | $174,000 |
| Black or African American |
84 | $8,580,000 |
$102,000 | $269,000 |
$64,000 | $220,000 |
| Hispanic |
8 | $903,000 |
$112,000 | $200,000 |
$120,000 | $275,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $120,000 |
$120,000 | $120,000 |
$245,000 | $245,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1 | $78,000 |
$78,000 | $78,000 |
$26,000 | $26,000 |
| White |
545 | $67,130,000 |
$123,000 | $480,000 |
$66,000 | $411,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
370 | $44,019,000 |
$118,000 | $480,000 |
$80,000 | $411,000 |
| FHA-insured (Federal Housing Administration) |
205 | $21,830,000 |
$106,000 | $215,000 |
$46,000 | $168,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
5 | $438,000 |
$87,000 | $104,000 |
$27,000 | $33,000 |
| VA-guaranteed (Veterans Administration) |
75 | $12,540,000 |
$167,000 | $332,000 |
$69,000 | $158,000 |
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| Application Approved But Not Accepted |
11 | $1,156,000 |
$105,000 | $189,000 |
$87,000 | $302,000 |
| Application Denied By Financial Institution |
4 | $358,000 |
$89,000 | $139,000 |
$35,000 | $56,000 |
| Application Withdrawn By Applicant |
95 | $11,104,000 |
$116,000 | $406,000 |
$65,000 | $245,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
545 | $66,209,000 |
$121,000 | $480,000 |
$68,000 | $411,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for PLATINUM MORTGAGE, INC. by:
Metropolitan Area And
County
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