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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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TURNER MORTGAGE COMPANY
Mortgage Loans and Application Details
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| Mortgage Company Name |
TURNER MORTGAGE COMPANY |
| Address | 1515 MOCKINGBIRD LANE SUITE 209
CHARLOTTE, NC 28209 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 93 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $10,215,000 |
| Average Mortgage Loan Amount Applied For | $97,416 |
| Highest Mortgage Loan Amount Applied For | $237,000 |
| Average Applicant Income | $44,666 |
| Highest Applicant Income | $151,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
94 | $10,310,000 |
$109,000 | $237,000 |
$50,000 | $151,000 |
| Refinancing |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $124,000 |
$124,000 | $124,000 |
$32,000 | $32,000 |
| Black or African American |
7 | $775,000 |
$110,000 | $170,000 |
$47,000 | $68,000 |
| Hispanic |
6 | $533,000 |
$88,000 | $138,000 |
$66,000 | $108,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
80 | $8,878,000 |
$110,000 | $237,000 |
$49,000 | $151,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
75 | $8,012,000 |
$106,000 | $237,000 |
$52,000 | $151,000 |
| FHA-insured (Federal Housing Administration) |
17 | $2,072,000 |
$121,000 | $199,000 |
$44,000 | $83,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
2 | $226,000 |
$113,000 | $139,000 |
$31,000 | $43,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
15 | $1,613,000 |
$107,000 | $225,000 |
$50,000 | $130,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
2 | $143,000 |
$71,000 | $95,000 |
$28,000 | $40,000 |
| Loan Originated |
76 | $8,444,000 |
$111,000 | $237,000 |
$50,000 | $151,000 |
| 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 |
1 | $110,000 |
$110,000 | $110,000 |
$70,000 | $70,000 |
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| Collateral |
2 | $231,000 |
$115,000 | $145,000 |
$40,000 | $63,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $50,000 |
$50,000 | $50,000 |
$34,000 | $34,000 |
| Debt-To-Income Ratio |
1 | $179,000 |
$179,000 | $179,000 |
$80,000 | $80,000 |
| Employment History |
2 | $166,000 |
$83,000 | $86,000 |
$40,000 | $48,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
1 | $55,000 |
$55,000 | $55,000 |
$25,000 | $25,000 |
| Other |
8 | $985,000 |
$123,000 | $225,000 |
$62,000 | $130,000 |
| Unverifiable Information |
1 | $57,000 |
$57,000 | $57,000 |
$25,000 | $25,000 |
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Mortgage Loan App Totals for TURNER MORTGAGE COMPANY by:
Metropolitan Area And
County
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