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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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PROGRESSIVE MORTGAGES, INC
Mortgage Loans and Application Details
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| Mortgage Company Name |
PROGRESSIVE MORTGAGES, INC |
| Address | 1520 RAMBLEWOOD DRIVE
EAST LANSING, MI 48823 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 170 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $25,868,000 |
| Average Mortgage Loan Amount Applied For | $146,166 |
| Highest Mortgage Loan Amount Applied For | $561,000 |
| Average Applicant Income | $77,555 |
| Highest Applicant Income | $281,000 |
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| Home Improvement |
1 | $201,000 |
$201,000 | $201,000 |
$65,000 | $65,000 |
| Home Purchase |
171 | $25,295,000 |
$147,000 | $561,000 |
$77,000 | $360,000 |
| Refinancing |
40 | $6,064,000 |
$151,000 | $488,000 |
$81,000 | $281,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
3 | $451,000 |
$150,000 | $170,000 |
$74,000 | $123,000 |
| Black or African American |
5 | $697,000 |
$139,000 | $170,000 |
$91,000 | $110,000 |
| Hispanic |
13 | $1,821,000 |
$140,000 | $359,000 |
$58,000 | $133,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1 | $561,000 |
$561,000 | $561,000 |
$181,000 | $181,000 |
| White |
190 | $28,030,000 |
$147,000 | $488,000 |
$78,000 | $360,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
184 | $28,072,000 |
$152,000 | $561,000 |
$80,000 | $360,000 |
| FHA-insured (Federal Housing Administration) |
24 | $2,844,000 |
$118,000 | $176,000 |
$57,000 | $139,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $176,000 |
$176,000 | $176,000 |
$61,000 | $61,000 |
| VA-guaranteed (Veterans Administration) |
3 | $468,000 |
$156,000 | $180,000 |
$73,000 | $86,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Withdrawn By Applicant |
5 | $643,000 |
$128,000 | $170,000 |
$83,000 | $153,000 |
| File Closed For Incompleteness |
11 | $1,705,000 |
$155,000 | $352,000 |
$60,000 | $183,000 |
| Loan Originated |
196 | $29,212,000 |
$149,000 | $561,000 |
$78,000 | $360,000 |
| 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 PROGRESSIVE MORTGAGES, INC by:
Metropolitan Area And
County
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