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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 INVESTORS, INC
Mortgage Loans and Application Details
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| Mortgage Company Name |
UNITED MORTGAGE INVESTORS, INC |
| Address | 10625 NORTH KENDALL DRIVE
MIAMI, FL 33176 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2004 |
| All Data Years | 2003 2004 |
| Total Number of Mortgage Loan Applications Processed | 601 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $89,376,000 |
| Average Mortgage Loan Amount Applied For | $136,656 |
| Highest Mortgage Loan Amount Applied For | $460,000 |
| Average Applicant Income | $66,593 |
| Highest Applicant Income | $377,000 |
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| Home Improvement |
7 | $960,000 |
$137,000 | $182,000 |
$74,000 | $186,000 |
| Home Purchase |
240 | $38,186,000 |
$159,000 | $460,000 |
$81,000 | $377,000 |
| Refinancing |
354 | $50,230,000 |
$141,000 | $377,000 |
$60,000 | $270,000 |
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| American Indian or Alaskan Native |
1 | $196,000 |
$196,000 | $196,000 |
$105,000 | $105,000 |
| Asian |
10 | $1,300,000 |
$130,000 | $250,000 |
$61,000 | $114,000 |
| Black or African American |
51 | $6,853,000 |
$134,000 | $291,000 |
$54,000 | $231,000 |
| Hispanic |
262 | $39,103,000 |
$149,000 | $460,000 |
$61,000 | $221,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $385,000 |
$192,000 | $249,000 |
$92,000 | $126,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
20 | $3,233,000 |
$161,000 | $341,000 |
$80,000 | $168,000 |
| White |
255 | $38,306,000 |
$150,000 | $377,000 |
$78,000 | $377,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
601 | $89,376,000 |
$148,000 | $460,000 |
$70,000 | $377,000 |
| 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 |
6 | $611,000 |
$101,000 | $170,000 |
$47,000 | $102,000 |
| Application Denied By Financial Institution |
15 | $2,702,000 |
$180,000 | $330,000 |
$84,000 | $377,000 |
| Application Withdrawn By Applicant |
26 | $3,952,000 |
$152,000 | $325,000 |
$65,000 | $377,000 |
| File Closed For Incompleteness |
1 | $175,000 |
$175,000 | $175,000 |
$109,000 | $109,000 |
| Loan Originated |
553 | $81,936,000 |
$148,000 | $460,000 |
$70,000 | $354,000 |
| 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 |
2 | $270,000 |
$135,000 | $220,000 |
$51,000 | $66,000 |
| Credit Application Incomplete |
1 | $325,000 |
$325,000 | $325,000 |
$377,000 | $377,000 |
| Credit History |
2 | $192,000 |
$96,000 | $134,000 |
$36,000 | $50,000 |
| Debt-To-Income Ratio |
3 | $560,000 |
$186,000 | $276,000 |
$44,000 | $47,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $365,000 |
$182,000 | $247,000 |
$67,000 | $91,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
3 | $505,000 |
$168,000 | $210,000 |
$95,000 | $176,000 |
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Mortgage Loan App Totals for UNITED MORTGAGE INVESTORS, INC by:
Metropolitan Area And
County
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