|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
TOWNE MORTGAGE COMPANY
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
TOWNE MORTGAGE COMPANY |
| Address | 13325 E 14 MILE RD
STERLING HEIGHTS, MI 48312 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,354 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $311,333,000 |
| Average Mortgage Loan Amount Applied For | $153,774 |
| Highest Mortgage Loan Amount Applied For | $1,800,000 |
| Average Applicant Income | $123,194 |
| Highest Applicant Income | $9,999,000 |
|
|
|
| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
1,410 | $174,488,000 |
$123,000 | $1,250,000 |
$72,000 | $9,999,000 |
| Refinancing |
944 | $136,845,000 |
$144,000 | $1,800,000 |
$71,000 | $1,218,000 |
|
|
| American Indian or Alaskan Native |
4 | $518,000 |
$129,000 | $308,000 |
$71,000 | $136,000 |
| Asian |
37 | $5,672,000 |
$153,000 | $390,000 |
$69,000 | $138,000 |
| Black or African American |
373 | $41,634,000 |
$111,000 | $588,000 |
$70,000 | $4,402,000 |
| Hispanic |
38 | $4,821,000 |
$126,000 | $538,000 |
$62,000 | $243,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $174,000 |
$174,000 | $174,000 |
$70,000 | $70,000 |
| Not applicable |
159 | $19,891,000 |
$125,000 | $650,000 |
$51,000 | $512,000 |
| Not Provided |
64 | $8,423,000 |
$131,000 | $400,000 |
$73,000 | $200,000 |
| White |
1,678 | $230,200,000 |
$137,000 | $1,800,000 |
$74,000 | $9,999,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,579 | $215,977,000 |
$136,000 | $1,800,000 |
$82,000 | $9,999,000 |
| FHA-insured (Federal Housing Administration) |
714 | $86,654,000 |
$121,000 | $266,000 |
$49,000 | $183,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
61 | $8,702,000 |
$142,000 | $310,000 |
$54,000 | $123,000 |
|
|
| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
327 | $38,703,000 |
$118,000 | $1,800,000 |
$53,000 | $234,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
456 | $54,469,000 |
$119,000 | $1,250,000 |
$72,000 | $4,402,000 |
| Loan Originated |
1,458 | $203,406,000 |
$139,000 | $976,000 |
$68,000 | $1,218,000 |
| Loan Purchased By The Institution |
113 | $14,755,000 |
$130,000 | $417,000 |
$165,000 | $9,999,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
|
| Collateral |
16 | $2,137,000 |
$133,000 | $462,000 |
$64,000 | $133,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
116 | $12,194,000 |
$105,000 | $229,000 |
$50,000 | $234,000 |
| Debt-To-Income Ratio |
73 | $9,276,000 |
$127,000 | $588,000 |
$54,000 | $228,000 |
| Employment History |
22 | $2,308,000 |
$104,000 | $208,000 |
$54,000 | $228,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
100 | $12,788,000 |
$127,000 | $1,800,000 |
$54,000 | $204,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
Mortgage Loan App Totals for TOWNE MORTGAGE COMPANY by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
