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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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UNIVERSAL MORTGAGE CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
UNIVERSAL MORTGAGE CORPORATION |
| Address | 50 WEST BIG BEAVER SUITE 100
TROY, MI 48084 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 528 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $72,368,000 |
| Average Mortgage Loan Amount Applied For | $177,714 |
| Highest Mortgage Loan Amount Applied For | $807,000 |
| Average Applicant Income | $83,214 |
| Highest Applicant Income | $770,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
318 | $39,905,000 |
$125,000 | $568,000 |
$73,000 | $397,000 |
| Refinancing |
228 | $35,902,000 |
$157,000 | $807,000 |
$82,000 | $770,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
51 | $5,710,000 |
$111,000 | $338,000 |
$57,000 | $132,000 |
| Black or African American |
59 | $5,354,000 |
$90,000 | $568,000 |
$63,000 | $196,000 |
| Hispanic |
3 | $558,000 |
$186,000 | $233,000 |
$109,000 | $179,000 |
| 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 |
433 | $64,185,000 |
$148,000 | $807,000 |
$81,000 | $770,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
470 | $66,523,000 |
$141,000 | $807,000 |
$82,000 | $770,000 |
| FHA-insured (Federal Housing Administration) |
74 | $9,007,000 |
$121,000 | $225,000 |
$44,000 | $141,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
2 | $277,000 |
$138,000 | $184,000 |
$81,000 | $124,000 |
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| Application Approved But Not Accepted |
36 | $5,771,000 |
$160,000 | $615,000 |
$97,000 | $770,000 |
| Application Denied By Financial Institution |
47 | $5,539,000 |
$117,000 | $568,000 |
$64,000 | $204,000 |
| Application Withdrawn By Applicant |
41 | $3,952,000 |
$96,000 | $460,000 |
$77,000 | $291,000 |
| File Closed For Incompleteness |
4 | $556,000 |
$139,000 | $228,000 |
$66,000 | $81,000 |
| Loan Originated |
418 | $59,989,000 |
$143,000 | $807,000 |
$77,000 | $714,000 |
| 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 UNIVERSAL MORTGAGE CORPORATION by:
Metropolitan Area And
County
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