|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
THE MORRIS PLAN COMPANY
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
THE MORRIS PLAN COMPANY |
| Address | PO BOX 869
TERRE HAUTE, IN 47808 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 144 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $7,062,000 |
| Average Mortgage Loan Amount Applied For | $45,600 |
| Highest Mortgage Loan Amount Applied For | $400,000 |
| Average Applicant Income | $39,800 |
| Highest Applicant Income | $134,000 |
|
|
|
| Home Improvement |
25 | $1,231,000 |
$49,000 | $400,000 |
$35,000 | $95,000 |
| Home Purchase |
74 | $3,207,000 |
$43,000 | $211,000 |
$41,000 | $134,000 |
| Refinancing |
64 | $3,511,000 |
$54,000 | $171,000 |
$35,000 | $122,000 |
|
|
| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $95,000 |
$95,000 | $95,000 |
$79,000 | $79,000 |
| Black or African American |
4 | $197,000 |
$49,000 | $167,000 |
$54,000 | $101,000 |
| Hispanic |
1 | $12,000 |
$12,000 | $12,000 |
$80,000 | $80,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
9 | $309,000 |
$34,000 | $55,000 |
$0 | $0 |
| Not Provided |
12 | $728,000 |
$60,000 | $180,000 |
$53,000 | $122,000 |
| White |
136 | $6,608,000 |
$48,000 | $400,000 |
$38,000 | $134,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
163 | $7,949,000 |
$48,000 | $400,000 |
$38,000 | $134,000 |
| 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 |
15 | $780,000 |
$52,000 | $170,000 |
$38,000 | $95,000 |
| Application Denied By Financial Institution |
48 | $2,198,000 |
$45,000 | $400,000 |
$31,000 | $130,000 |
| Application Withdrawn By Applicant |
15 | $1,077,000 |
$71,000 | $171,000 |
$43,000 | $91,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
66 | $3,007,000 |
$45,000 | $211,000 |
$43,000 | $134,000 |
| 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 |
19 | $887,000 |
$46,000 | $167,000 |
$30,000 | $101,000 |
|
|
| Collateral |
3 | $110,000 |
$36,000 | $42,000 |
$60,000 | $100,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
48 | $2,380,000 |
$49,000 | $400,000 |
$32,000 | $130,000 |
| Debt-To-Income Ratio |
10 | $430,000 |
$43,000 | $83,000 |
$22,000 | $43,000 |
| Employment History |
1 | $40,000 |
$40,000 | $40,000 |
$7,000 | $7,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $38,000 |
$38,000 | $38,000 |
$32,000 | $32,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
4 | $87,000 |
$21,000 | $29,000 |
$20,000 | $27,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
Mortgage Loan App Totals for THE MORRIS PLAN COMPANY by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
