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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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WASHINGTON MORTGAGE COMPANY
Mortgage Loans and Application Details
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| Mortgage Company Name |
WASHINGTON MORTGAGE COMPANY |
| Address | 40 OAK HOLLOW, SUITE 100
SOUTHFIELD, MI 48034 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2005 |
| All Data Years | 2003 2004 2005 |
| Total Number of Mortgage Loan Applications Processed | 178 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $19,405,000 |
| Average Mortgage Loan Amount Applied For | $106,100 |
| Highest Mortgage Loan Amount Applied For | $550,000 |
| Average Applicant Income | $52,125 |
| Highest Applicant Income | $578,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
20 | $2,000,000 |
$100,000 | $207,000 |
$57,000 | $170,000 |
| Refinancing |
158 | $17,405,000 |
$127,000 | $550,000 |
$52,000 | $578,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $245,000 |
$122,500 | $180,000 |
$59,000 | $75,000 |
| Black or African American |
73 | $7,157,000 |
$98,000 | $263,000 |
$46,000 | $105,000 |
| Hispanic |
5 | $387,000 |
$77,000 | $126,000 |
$49,000 | $82,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
5 | $444,000 |
$88,000 | $132,000 |
$56,000 | $76,000 |
| White |
93 | $11,172,000 |
$115,500 | $550,000 |
$55,500 | $578,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
158 | $16,923,000 |
$125,500 | $550,000 |
$52,000 | $578,000 |
| FHA-insured (Federal Housing Administration) |
19 | $2,350,000 |
$123,000 | $205,000 |
$56,000 | $115,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
1 | $132,000 |
$132,000 | $132,000 |
$34,000 | $34,000 |
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| Application Approved But Not Accepted |
23 | $2,117,000 |
$134,000 | $208,000 |
$52,500 | $138,000 |
| Application Denied By Financial Institution |
1 | $100,000 |
$100,000 | $100,000 |
$96,000 | $96,000 |
| Application Withdrawn By Applicant |
78 | $8,968,000 |
$114,000 | $550,000 |
$58,000 | $578,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
76 | $8,220,000 |
$109,500 | $247,000 |
$50,500 | $240,000 |
| 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 |
1 | $100,000 |
$100,000 | $100,000 |
$96,000 | $96,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for WASHINGTON MORTGAGE COMPANY by:
Metropolitan Area And
County
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