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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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UNITED MORTGAGE COMPANY-WASHTE
Mortgage Loans and Application Details
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| Mortgage Company Name |
UNITED MORTGAGE COMPANY-WASHTE |
| Address | 2723 S. STATE ST.
ANN ARBOR, MI 48106 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 153 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $30,881,000 |
| Average Mortgage Loan Amount Applied For | $202,294 |
| Highest Mortgage Loan Amount Applied For | $880,000 |
| Average Applicant Income | $135,352 |
| Highest Applicant Income | $1,389,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
69 | $14,183,000 |
$205,000 | $880,000 |
$98,000 | $600,000 |
| Refinancing |
84 | $16,698,000 |
$198,000 | $507,000 |
$145,000 | $1,389,000 |
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| American Indian or Alaskan Native |
1 | $285,000 |
$285,000 | $285,000 |
$120,000 | $120,000 |
| Asian |
1 | $130,000 |
$130,000 | $130,000 |
$53,000 | $53,000 |
| Black or African American |
3 | $963,000 |
$321,000 | $560,000 |
$149,000 | $333,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
148 | $29,503,000 |
$199,000 | $880,000 |
$123,000 | $1,389,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
153 | $30,881,000 |
$201,000 | $880,000 |
$123,000 | $1,389,000 |
| 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 |
10 | $1,538,000 |
$153,000 | $256,000 |
$80,000 | $184,000 |
| Application Denied By Financial Institution |
1 | $208,000 |
$208,000 | $208,000 |
$42,000 | $42,000 |
| Application Withdrawn By Applicant |
1 | $507,000 |
$507,000 | $507,000 |
$85,000 | $85,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
141 | $28,628,000 |
$203,000 | $880,000 |
$127,000 | $1,389,000 |
| 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 |
1 | $208,000 |
$208,000 | $208,000 |
$42,000 | $42,000 |
| 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 UNITED MORTGAGE COMPANY-WASHTE by:
Metropolitan Area And
County
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