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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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REAL ESTATE MORTGAGE CORP
Mortgage Loans and Application Details
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| Mortgage Company Name |
REAL ESTATE MORTGAGE CORP |
| Address | 20325 CENTER RIDGE ROAD, #220
ROCKY RIVER, OH 44116 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,315 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $190,591,000 |
| Average Mortgage Loan Amount Applied For | $184,783 |
| Highest Mortgage Loan Amount Applied For | $1,830,000 |
| Average Applicant Income | $87,208 |
| Highest Applicant Income | $1,926,000 |
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| Home Improvement |
9 | $1,082,000 |
$120,000 | $196,000 |
$59,000 | $76,000 |
| Home Purchase |
795 | $119,988,000 |
$150,000 | $1,177,000 |
$74,000 | $1,926,000 |
| Refinancing |
511 | $69,521,000 |
$136,000 | $1,830,000 |
$82,000 | $741,000 |
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| American Indian or Alaskan Native |
3 | $209,000 |
$69,000 | $100,000 |
$57,000 | $61,000 |
| Asian |
22 | $4,390,000 |
$199,000 | $618,000 |
$84,000 | $230,000 |
| Black or African American |
211 | $23,689,000 |
$112,000 | $476,000 |
$52,000 | $200,000 |
| Hispanic |
26 | $3,473,000 |
$133,000 | $222,000 |
$46,000 | $91,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
15 | $2,084,000 |
$138,000 | $259,000 |
$62,000 | $223,000 |
| White |
1,038 | $156,746,000 |
$151,000 | $1,830,000 |
$83,000 | $1,926,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
859 | $132,357,000 |
$154,000 | $1,830,000 |
$90,000 | $1,926,000 |
| FHA-insured (Federal Housing Administration) |
410 | $51,740,000 |
$126,000 | $241,000 |
$52,000 | $234,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $168,000 |
$168,000 | $168,000 |
$43,000 | $43,000 |
| VA-guaranteed (Veterans Administration) |
45 | $6,326,000 |
$140,000 | $280,000 |
$56,000 | $328,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
41 | $4,109,000 |
$100,000 | $228,000 |
$47,000 | $140,000 |
| Application Withdrawn By Applicant |
185 | $24,568,000 |
$132,000 | $553,000 |
$71,000 | $328,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
1,086 | $161,524,000 |
$148,000 | $1,830,000 |
$79,000 | $1,926,000 |
| 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 |
3 | $390,000 |
$130,000 | $164,000 |
$47,000 | $91,000 |
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| Collateral |
17 | $1,694,000 |
$99,000 | $228,000 |
$59,000 | $140,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
13 | $1,439,000 |
$110,000 | $181,000 |
$45,000 | $91,000 |
| Debt-To-Income Ratio |
4 | $377,000 |
$94,000 | $164,000 |
$36,000 | $52,000 |
| Employment History |
3 | $452,000 |
$150,000 | $173,000 |
$47,000 | $59,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $58,000 |
$29,000 | $50,000 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
4 | $352,000 |
$88,000 | $169,000 |
$42,000 | $68,000 |
| Unverifiable Information |
1 | $127,000 |
$127,000 | $127,000 |
$43,000 | $43,000 |
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Mortgage Loan App Totals for REAL ESTATE MORTGAGE CORP by:
Metropolitan Area And
County
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