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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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PLYMOUTH EXCHANGE MORTGAGE COR
Mortgage Loans and Application Details
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| Mortgage Company Name |
PLYMOUTH EXCHANGE MORTGAGE COR |
| Address | 14800 FARMINGTON RD. SUITE 103
LIVONIA, MI 48154 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2005 |
| All Data Years | 2003 2004 2005 |
| Total Number of Mortgage Loan Applications Processed | 2,317 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $293,318,000 |
| Average Mortgage Loan Amount Applied For | $118,414 |
| Highest Mortgage Loan Amount Applied For | $528,000 |
| Average Applicant Income | $48,902 |
| Highest Applicant Income | $772,000 |
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| Home Improvement |
25 | $642,000 |
$25,000 | $47,000 |
$80,000 | $308,000 |
| Home Purchase |
1,512 | $177,226,000 |
$120,000 | $519,000 |
$51,285 | $772,000 |
| Refinancing |
1,074 | $145,088,000 |
$126,250 | $528,000 |
$38,250 | $308,000 |
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| American Indian or Alaskan Native |
3 | $465,000 |
$155,000 | $191,000 |
$67,000 | $76,000 |
| Asian |
20 | $3,921,000 |
$181,000 | $356,000 |
$69,500 | $122,000 |
| Black or African American |
322 | $37,576,000 |
$121,000 | $528,000 |
$33,000 | $254,000 |
| Hispanic |
73 | $7,715,000 |
$98,333 | $229,000 |
$37,000 | $125,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $129,000 |
$129,000 | $129,000 |
$80,000 | $80,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
75 | $9,707,000 |
$126,000 | $519,000 |
$54,666 | $288,000 |
| White |
2,117 | $263,443,000 |
$120,500 | $510,000 |
$46,625 | $772,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,028 | $133,685,000 |
$116,500 | $528,000 |
$53,000 | $772,000 |
| FHA-insured (Federal Housing Administration) |
1,426 | $167,539,000 |
$112,000 | $261,000 |
$42,166 | $456,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
13 | $1,609,000 |
$110,000 | $185,000 |
$37,500 | $74,000 |
| VA-guaranteed (Veterans Administration) |
144 | $20,123,000 |
$143,166 | $294,000 |
$47,500 | $125,000 |
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| Application Approved But Not Accepted |
1 | $163,000 |
$163,000 | $163,000 |
$52,000 | $52,000 |
| Application Denied By Financial Institution |
442 | $55,437,000 |
$105,000 | $528,000 |
$39,833 | $456,000 |
| Application Withdrawn By Applicant |
360 | $44,268,000 |
$117,000 | $405,000 |
$44,428 | $225,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
480 | $56,489,000 |
$111,200 | $495,000 |
$47,400 | $772,000 |
| Loan Purchased By The Institution |
1,325 | $166,024,000 |
$129,714 | $460,000 |
$47,000 | $237,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
3 | $575,000 |
$191,000 | $322,000 |
$73,000 | $117,000 |
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| Collateral |
24 | $2,842,000 |
$121,333 | $350,000 |
$74,000 | $288,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
192 | $22,537,000 |
$110,800 | $510,000 |
$38,600 | $456,000 |
| Debt-To-Income Ratio |
57 | $7,376,000 |
$120,500 | $519,000 |
$45,250 | $180,000 |
| Employment History |
10 | $973,000 |
$94,000 | $188,000 |
$31,333 | $80,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $72,000 |
$72,000 | $72,000 |
$72,000 | $72,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
157 | $21,645,000 |
$121,000 | $528,000 |
$50,000 | $296,000 |
| Unverifiable Information |
4 | $567,000 |
$141,500 | $169,000 |
$53,000 | $66,000 |
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Mortgage Loan App Totals for PLYMOUTH EXCHANGE MORTGAGE COR by:
Metropolitan Area And
County
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