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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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RICHMOND MORTGAGE GROUP
Mortgage Loans and Application Details
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| Mortgage Company Name |
RICHMOND MORTGAGE GROUP |
| Address | 150 BOUSH STREET SUITE 400
NORFOLK, VA 23510 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2005 |
| All Data Years | 2005 |
| Total Number of Mortgage Loan Applications Processed | 115 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $27,070,000 |
| Average Mortgage Loan Amount Applied For | $231,000 |
| Highest Mortgage Loan Amount Applied For | $780,000 |
| Average Applicant Income | $108,230 |
| Highest Applicant Income | $1,144,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
95 | $22,606,000 |
$305,500 | $780,000 |
$120,500 | $1,144,000 |
| Refinancing |
20 | $4,464,000 |
$223,000 | $394,000 |
$90,000 | $178,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
4 | $885,000 |
$221,000 | $338,000 |
$269,000 | $787,000 |
| Black or African American |
4 | $564,000 |
$141,000 | $161,000 |
$92,000 | $147,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
107 | $25,621,000 |
$306,500 | $780,000 |
$106,000 | $1,144,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
108 | $25,984,000 |
$307,000 | $780,000 |
$120,000 | $1,144,000 |
| FHA-insured (Federal Housing Administration) |
4 | $480,000 |
$120,000 | $158,000 |
$31,000 | $56,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
3 | $606,000 |
$202,000 | $320,000 |
$65,000 | $85,000 |
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| Application Approved But Not Accepted |
13 | $3,070,000 |
$236,000 | $394,000 |
$131,000 | $1,144,000 |
| Application Denied By Financial Institution |
5 | $1,066,000 |
$213,000 | $454,000 |
$163,000 | $423,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
97 | $22,934,000 |
$304,500 | $780,000 |
$108,000 | $923,000 |
| 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 RICHMOND MORTGAGE GROUP by:
Metropolitan Area And
County
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