|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
SUMMIT MORTGAGE
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
SUMMIT MORTGAGE |
| Address | 510 INDEPENDENCE PARKWAY, SUITE 200
CHESAPEAKE, VA 23320 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 3,641 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $278,946,000 |
| Average Mortgage Loan Amount Applied For | $66,620 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $64,105 |
| Highest Applicant Income | $1,000,000 |
|
|
|
| Home Improvement |
42 | $2,005,000 |
$47,000 | $150,000 |
$63,000 | $189,000 |
| Home Purchase |
269 | $45,522,000 |
$169,000 | $1,500,000 |
$88,000 | $1,571,000 |
| Refinancing |
3,556 | $263,285,000 |
$74,000 | $1,200,000 |
$67,000 | $734,000 |
|
|
| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
8 | $1,557,000 |
$194,000 | $443,000 |
$92,000 | $327,000 |
| Black or African American |
45 | $3,712,000 |
$82,000 | $375,000 |
$63,000 | $156,000 |
| Hispanic |
26 | $1,364,000 |
$52,000 | $210,000 |
$60,000 | $126,000 |
| Native Hawaiin or Other Pacific Islander |
4 | $2,285,000 |
$571,000 | $1,500,000 |
$486,000 | $1,571,000 |
| Not applicable |
1 | $54,000 |
$54,000 | $54,000 |
$53,000 | $53,000 |
| Not Provided |
3,082 | $241,615,000 |
$78,000 | $1,200,000 |
$67,000 | $734,000 |
| White |
701 | $60,225,000 |
$85,000 | $1,000,000 |
$71,000 | $1,000,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
3,867 | $310,812,000 |
$80,000 | $1,500,000 |
$68,000 | $1,571,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
|
| Application Approved But Not Accepted |
136 | $8,572,000 |
$63,000 | $420,000 |
$67,000 | $669,000 |
| Application Denied By Financial Institution |
460 | $36,864,000 |
$80,000 | $684,000 |
$58,000 | $600,000 |
| Application Withdrawn By Applicant |
649 | $70,544,000 |
$108,000 | $1,500,000 |
$70,000 | $1,571,000 |
| File Closed For Incompleteness |
710 | $60,659,000 |
$85,000 | $825,000 |
$67,000 | $420,000 |
| Loan Originated |
1,910 | $134,054,000 |
$70,000 | $900,000 |
$70,000 | $734,000 |
| Loan Purchased By The Institution |
2 | $119,000 |
$59,000 | $85,000 |
$58,000 | $70,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
|
| Collateral |
84 | $5,937,000 |
$70,000 | $375,000 |
$62,000 | $295,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
206 | $15,463,000 |
$75,000 | $550,000 |
$63,000 | $600,000 |
| Debt-To-Income Ratio |
152 | $14,052,000 |
$92,000 | $684,000 |
$52,000 | $350,000 |
| Employment History |
9 | $309,000 |
$34,000 | $85,000 |
$44,000 | $175,000 |
| 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 |
9 | $1,103,000 |
$122,000 | $520,000 |
$51,000 | $150,000 |
|
Mortgage Loan App Totals for SUMMIT MORTGAGE by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
