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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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ROSS MORTGAGE COMPANY, INC
Mortgage Loans and Application Details
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| Mortgage Company Name |
ROSS MORTGAGE COMPANY, INC |
| Address | 14 MANNING AVENUE, SUITE 200
LEOMINSTER, MA 01453 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 387 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $69,390,000 |
| Average Mortgage Loan Amount Applied For | $183,655 |
| Highest Mortgage Loan Amount Applied For | $655,000 |
| Average Applicant Income | $83,275 |
| Highest Applicant Income | $326,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
247 | $42,925,000 |
$173,000 | $700,000 |
$80,000 | $244,000 |
| Refinancing |
154 | $29,700,000 |
$192,000 | $655,000 |
$74,000 | $326,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
3 | $520,000 |
$173,000 | $217,000 |
$50,000 | $60,000 |
| Black or African American |
6 | $1,371,000 |
$228,000 | $396,000 |
$68,000 | $113,000 |
| Hispanic |
12 | $1,666,000 |
$138,000 | $282,000 |
$57,000 | $114,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
50 | $10,157,000 |
$203,000 | $480,000 |
$91,000 | $244,000 |
| White |
330 | $58,911,000 |
$178,000 | $700,000 |
$77,000 | $326,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
354 | $62,275,000 |
$175,000 | $700,000 |
$79,000 | $326,000 |
| FHA-insured (Federal Housing Administration) |
46 | $10,084,000 |
$219,000 | $393,000 |
$68,000 | $162,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
1 | $266,000 |
$266,000 | $266,000 |
$45,000 | $45,000 |
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| Application Approved But Not Accepted |
33 | $6,434,000 |
$194,000 | $408,000 |
$87,000 | $198,000 |
| Application Denied By Financial Institution |
6 | $924,000 |
$154,000 | $254,000 |
$94,000 | $171,000 |
| Application Withdrawn By Applicant |
11 | $1,566,000 |
$142,000 | $344,000 |
$109,000 | $326,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
337 | $60,466,000 |
$179,000 | $655,000 |
$76,000 | $258,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
13 | $3,141,000 |
$241,000 | $700,000 |
$80,000 | $240,000 |
| Preapproval Denied by Financial Institution |
1 | $94,000 |
$94,000 | $94,000 |
$35,000 | $35,000 |
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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 ROSS MORTGAGE COMPANY, INC by:
Metropolitan Area And
County
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