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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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THE FIRST MORTGAGE CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
THE FIRST MORTGAGE CORPORATION |
| Address | 19831 GOVERNORS HIGHWAY
FLOSSMOOR, IL 60422 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,175 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $327,214,000 |
| Average Mortgage Loan Amount Applied For | $134,176 |
| Highest Mortgage Loan Amount Applied For | $4,500,000 |
| Average Applicant Income | $81,960 |
| Highest Applicant Income | $1,200,000 |
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| Home Improvement |
10 | $2,020,000 |
$202,000 | $629,000 |
$149,000 | $227,000 |
| Home Purchase |
2,057 | $305,643,000 |
$148,000 | $4,500,000 |
$73,000 | $1,200,000 |
| Refinancing |
187 | $31,001,000 |
$165,000 | $993,000 |
$91,000 | $577,000 |
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| American Indian or Alaskan Native |
1 | $265,000 |
$265,000 | $265,000 |
$0 | $0 |
| Asian |
11 | $1,252,000 |
$113,000 | $258,000 |
$108,000 | $224,000 |
| Black or African American |
762 | $114,413,000 |
$150,000 | $743,000 |
$74,000 | $1,200,000 |
| Hispanic |
274 | $34,576,000 |
$126,000 | $541,000 |
$60,000 | $577,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $410,000 |
$205,000 | $360,000 |
$74,000 | $103,000 |
| Not applicable |
1 | $111,000 |
$111,000 | $111,000 |
$84,000 | $84,000 |
| Not Provided |
4 | $5,342,000 |
$1,335,000 | $4,500,000 |
$46,000 | $156,000 |
| White |
1,199 | $182,295,000 |
$152,000 | $993,000 |
$79,000 | $1,093,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,866 | $284,478,000 |
$152,000 | $4,500,000 |
$79,000 | $1,200,000 |
| FHA-insured (Federal Housing Administration) |
358 | $48,893,000 |
$136,000 | $281,000 |
$53,000 | $141,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
30 | $5,293,000 |
$176,000 | $280,000 |
$60,000 | $103,000 |
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| Application Approved But Not Accepted |
52 | $8,299,000 |
$159,000 | $442,000 |
$83,000 | $484,000 |
| Application Denied By Financial Institution |
43 | $5,952,000 |
$138,000 | $581,000 |
$58,000 | $160,000 |
| Application Withdrawn By Applicant |
330 | $53,341,000 |
$161,000 | $4,500,000 |
$72,000 | $1,000,000 |
| File Closed For Incompleteness |
5 | $1,160,000 |
$232,000 | $384,000 |
$118,000 | $218,000 |
| Loan Originated |
1,822 | $269,659,000 |
$148,000 | $956,000 |
$75,000 | $1,200,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
2 | $253,000 |
$126,000 | $153,000 |
$51,000 | $56,000 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
15 | $2,567,000 |
$171,000 | $581,000 |
$77,000 | $160,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
7 | $834,000 |
$119,000 | $256,000 |
$52,000 | $95,000 |
| Debt-To-Income Ratio |
10 | $1,585,000 |
$158,000 | $308,000 |
$49,000 | $98,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $219,000 |
$109,000 | $131,000 |
$52,000 | $54,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
3 | $239,000 |
$79,000 | $98,000 |
$53,000 | $82,000 |
| Unverifiable Information |
3 | $184,000 |
$61,000 | $112,000 |
$35,000 | $43,000 |
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Mortgage Loan App Totals for THE FIRST MORTGAGE CORPORATION by:
Metropolitan Area And
County
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