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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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TRANEX FINANCIAL INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
TRANEX FINANCIAL INC. |
| Address | 24901 NORTHWESTERN HWY. SUITE 710
SOUTHFIELD, MI 48075 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,129 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $226,745,000 |
| Average Mortgage Loan Amount Applied For | $187,746 |
| Highest Mortgage Loan Amount Applied For | $760,000 |
| Average Applicant Income | $105,164 |
| Highest Applicant Income | $840,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
122 | $18,939,000 |
$155,000 | $525,000 |
$88,000 | $420,000 |
| Refinancing |
1,007 | $207,806,000 |
$206,000 | $760,000 |
$102,000 | $840,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
8 | $1,821,000 |
$227,000 | $336,000 |
$129,000 | $216,000 |
| Black or African American |
15 | $2,343,000 |
$156,000 | $704,000 |
$77,000 | $156,000 |
| Hispanic |
25 | $4,149,000 |
$165,000 | $424,000 |
$71,000 | $180,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
4 | $599,000 |
$149,000 | $183,000 |
$105,000 | $144,000 |
| White |
1,077 | $217,833,000 |
$202,000 | $760,000 |
$101,000 | $840,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,129 | $226,745,000 |
$200,000 | $760,000 |
$100,000 | $840,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
1,129 | $226,745,000 |
$200,000 | $760,000 |
$100,000 | $840,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 TRANEX FINANCIAL INC. by:
Metropolitan Area And
County
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