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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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RESIDENTIAL MORTGAGE GROUP, IN
Mortgage Loans and Application Details
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| Mortgage Company Name |
RESIDENTIAL MORTGAGE GROUP, IN |
| Address | 11100 WAYZATA BLVD, SUITE 570
MINNETONKA, MN 55305 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 490 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $115,491,000 |
| Average Mortgage Loan Amount Applied For | $204,538 |
| Highest Mortgage Loan Amount Applied For | $1,680,000 |
| Average Applicant Income | $88,153 |
| Highest Applicant Income | $787,000 |
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| Home Improvement |
2 | $578,000 |
$289,000 | $368,000 |
$152,000 | $244,000 |
| Home Purchase |
508 | $117,771,000 |
$231,000 | $1,680,000 |
$82,000 | $787,000 |
| Refinancing |
155 | $35,503,000 |
$229,000 | $1,000,000 |
$83,000 | $363,000 |
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| American Indian or Alaskan Native |
2 | $717,000 |
$358,000 | $417,000 |
$201,000 | $301,000 |
| Asian |
12 | $2,323,000 |
$193,000 | $260,000 |
$56,000 | $102,000 |
| Black or African American |
19 | $4,814,000 |
$253,000 | $990,000 |
$86,000 | $295,000 |
| Hispanic |
6 | $1,173,000 |
$195,000 | $250,000 |
$69,000 | $98,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $215,000 |
$215,000 | $215,000 |
$71,000 | $71,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
3 | $637,000 |
$212,000 | $230,000 |
$73,000 | $83,000 |
| White |
622 | $143,973,000 |
$231,000 | $1,680,000 |
$82,000 | $787,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
645 | $149,946,000 |
$232,000 | $1,680,000 |
$83,000 | $787,000 |
| FHA-insured (Federal Housing Administration) |
15 | $2,659,000 |
$177,000 | $223,000 |
$63,000 | $181,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
5 | $1,247,000 |
$249,000 | $358,000 |
$68,000 | $114,000 |
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| Application Approved But Not Accepted |
2 | $593,000 |
$296,000 | $300,000 |
$124,000 | $141,000 |
| Application Denied By Financial Institution |
7 | $1,294,000 |
$184,000 | $225,000 |
$49,000 | $83,000 |
| Application Withdrawn By Applicant |
191 | $41,110,000 |
$215,000 | $800,000 |
$73,000 | $571,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
445 | $106,479,000 |
$239,000 | $1,680,000 |
$87,000 | $787,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
20 | $4,376,000 |
$218,000 | $320,000 |
$78,000 | $199,000 |
| 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 |
2 | $392,000 |
$196,000 | $202,000 |
$57,000 | $83,000 |
| Debt-To-Income Ratio |
2 | $272,000 |
$136,000 | $172,000 |
$41,000 | $48,000 |
| 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 |
1 | $225,000 |
$225,000 | $225,000 |
$50,000 | $50,000 |
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Mortgage Loan App Totals for RESIDENTIAL MORTGAGE GROUP, IN by:
Metropolitan Area And
County
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