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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 MORTGAGE COMPANY OF MICHIG
Mortgage Loans and Application Details
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| Mortgage Company Name |
THE MORTGAGE COMPANY OF MICHIG |
| Address | 310 W.TIENKEN ROAD
ROCHESTER HILLS, MI 48306 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2004 |
| All Data Years | 2003 2004 |
| Total Number of Mortgage Loan Applications Processed | 261 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $46,638,000 |
| Average Mortgage Loan Amount Applied For | $143,466 |
| Highest Mortgage Loan Amount Applied For | $620,000 |
| Average Applicant Income | $75,266 |
| Highest Applicant Income | $870,000 |
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| Home Improvement |
9 | $411,000 |
$32,000 | $100,000 |
$82,500 | $231,000 |
| Home Purchase |
67 | $12,448,000 |
$165,000 | $620,000 |
$99,500 | $289,000 |
| Refinancing |
212 | $38,338,000 |
$194,000 | $626,000 |
$219,000 | $951,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
10 | $1,764,000 |
$176,000 | $263,000 |
$63,000 | $102,000 |
| Black or African American |
2 | $237,000 |
$118,000 | $154,000 |
$75,000 | $84,000 |
| Hispanic |
2 | $245,000 |
$122,000 | $178,000 |
$54,000 | $85,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
3 | $265,000 |
$88,000 | $110,000 |
$96,000 | $129,000 |
| White |
271 | $48,686,000 |
$182,666 | $626,000 |
$144,666 | $951,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
288 | $51,197,000 |
$182,000 | $626,000 |
$143,666 | $951,000 |
| 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 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
4 | $703,000 |
$175,000 | $270,000 |
$77,000 | $92,000 |
| Application Withdrawn By Applicant |
43 | $6,915,000 |
$150,500 | $350,000 |
$262,500 | $870,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
241 | $43,579,000 |
$184,000 | $626,000 |
$122,000 | $951,000 |
| 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 |
4 | $703,000 |
$175,000 | $270,000 |
$77,000 | $92,000 |
| 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 THE MORTGAGE COMPANY OF MICHIG by:
Metropolitan Area And
County
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