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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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UNION MORTGAGE GROUP
Mortgage Loans and Application Details
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| Mortgage Company Name |
UNION MORTGAGE GROUP |
| Address | 7619 LITTLE RIVER TURNPIKE, SUITE 400
ANNANDALE, VA 22003 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,054 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $432,699,000 |
| Average Mortgage Loan Amount Applied For | $178,872 |
| Highest Mortgage Loan Amount Applied For | $1,300,000 |
| Average Applicant Income | $73,330 |
| Highest Applicant Income | $1,284,000 |
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| Home Improvement |
27 | $5,830,000 |
$215,000 | $705,000 |
$59,000 | $201,000 |
| Home Purchase |
1,336 | $273,228,000 |
$204,000 | $1,300,000 |
$77,000 | $1,284,000 |
| Refinancing |
695 | $154,231,000 |
$221,000 | $850,000 |
$76,000 | $1,116,000 |
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| American Indian or Alaskan Native |
6 | $1,685,000 |
$280,000 | $776,000 |
$118,000 | $275,000 |
| Asian |
62 | $15,618,000 |
$251,000 | $800,000 |
$109,000 | $551,000 |
| Black or African American |
489 | $98,218,000 |
$200,000 | $850,000 |
$65,000 | $313,000 |
| Hispanic |
321 | $67,056,000 |
$208,000 | $760,000 |
$49,000 | $432,000 |
| Native Hawaiin or Other Pacific Islander |
3 | $464,000 |
$154,000 | $272,000 |
$66,000 | $73,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
83 | $21,054,000 |
$253,000 | $1,300,000 |
$110,000 | $650,000 |
| White |
1,094 | $229,194,000 |
$209,000 | $820,000 |
$86,000 | $1,284,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,712 | $359,612,000 |
$210,000 | $1,300,000 |
$80,000 | $1,284,000 |
| FHA-insured (Federal Housing Administration) |
262 | $50,553,000 |
$192,000 | $370,000 |
$58,000 | $304,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
84 | $23,124,000 |
$275,000 | $420,000 |
$73,000 | $175,000 |
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| Application Approved But Not Accepted |
44 | $9,233,000 |
$209,000 | $531,000 |
$60,000 | $241,000 |
| Application Denied By Financial Institution |
59 | $10,213,000 |
$173,000 | $497,000 |
$47,000 | $192,000 |
| Application Withdrawn By Applicant |
311 | $67,210,000 |
$216,000 | $1,300,000 |
$82,000 | $1,284,000 |
| File Closed For Incompleteness |
3 | $592,000 |
$197,000 | $296,000 |
$53,000 | $80,000 |
| Loan Originated |
1,632 | $344,933,000 |
$211,000 | $820,000 |
$77,000 | $689,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
1 | $413,000 |
$413,000 | $413,000 |
$132,000 | $132,000 |
| Preapproval Denied by Financial Institution |
8 | $695,000 |
$86,000 | $238,000 |
$85,000 | $122,000 |
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| Collateral |
10 | $1,614,000 |
$161,000 | $400,000 |
$41,000 | $62,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
17 | $2,926,000 |
$172,000 | $384,000 |
$57,000 | $175,000 |
| Debt-To-Income Ratio |
13 | $2,216,000 |
$170,000 | $497,000 |
$72,000 | $192,000 |
| Employment History |
1 | $213,000 |
$213,000 | $213,000 |
$122,000 | $122,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $305,000 |
$152,000 | $195,000 |
$12,000 | $24,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
10 | $1,000,000 |
$100,000 | $250,000 |
$89,000 | $176,000 |
| Unverifiable Information |
13 | $2,564,000 |
$197,000 | $484,000 |
$8,000 | $62,000 |
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Mortgage Loan App Totals for UNION MORTGAGE GROUP by:
Metropolitan Area And
County
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