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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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WASHTENAW MORTGAGE COMPANY
Mortgage Loans and Application Details
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| Mortgage Company Name |
WASHTENAW MORTGAGE COMPANY |
| Address | 3767 RANCHERO DRIVE
ANN ARBOR, MI 48108 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2005 |
| All Data Years | 2005 |
| Total Number of Mortgage Loan Applications Processed | 6,870 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $924,078,000 |
| Average Mortgage Loan Amount Applied For | $122,963 |
| Highest Mortgage Loan Amount Applied For | $2,600,000 |
| Average Applicant Income | $55,468 |
| Highest Applicant Income | $1,253,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
2,894 | $376,274,000 |
$135,825 | $2,600,000 |
$61,125 | $1,253,000 |
| Refinancing |
4,211 | $574,061,000 |
$134,794 | $650,000 |
$56,923 | $960,000 |
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| American Indian or Alaskan Native |
28 | $3,724,000 |
$135,928 | $261,000 |
$59,500 | $205,000 |
| Asian |
182 | $36,221,000 |
$164,423 | $360,000 |
$66,153 | $360,000 |
| Black or African American |
500 | $60,919,000 |
$115,535 | $450,000 |
$54,571 | $476,000 |
| Hispanic |
374 | $53,217,000 |
$119,750 | $526,000 |
$45,428 | $200,000 |
| Native Hawaiin or Other Pacific Islander |
33 | $6,783,000 |
$187,333 | $323,000 |
$60,000 | $127,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1,490 | $193,499,000 |
$130,238 | $2,600,000 |
$58,500 | $611,000 |
| White |
4,498 | $595,972,000 |
$136,761 | $650,000 |
$60,214 | $1,253,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
6,580 | $894,299,000 |
$136,883 | $2,600,000 |
$62,069 | $1,253,000 |
| FHA-insured (Federal Housing Administration) |
525 | $56,036,000 |
$108,352 | $290,000 |
$31,794 | $339,000 |
| 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 |
1,651 | $226,340,000 |
$141,789 | $560,000 |
$62,342 | $1,253,000 |
| Application Denied By Financial Institution |
1,684 | $207,700,000 |
$128,906 | $2,600,000 |
$59,116 | $611,000 |
| Application Withdrawn By Applicant |
2 | $224,000 |
$112,000 | $130,000 |
$34,000 | $68,000 |
| File Closed For Incompleteness |
143 | $18,775,000 |
$147,846 | $334,000 |
$60,423 | $253,000 |
| Loan Originated |
3,363 | $464,254,000 |
$141,810 | $450,000 |
$55,081 | $1,222,000 |
| Loan Purchased By The Institution |
262 | $33,042,000 |
$133,708 | $650,000 |
$57,416 | $264,000 |
| 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 |
358 | $43,029,000 |
$123,771 | $526,000 |
$60,085 | $514,000 |
| Credit Application Incomplete |
4 | $556,000 |
$144,000 | $280,000 |
$68,000 | $94,000 |
| Credit History |
561 | $65,081,000 |
$119,285 | $650,000 |
$50,342 | $186,000 |
| Debt-To-Income Ratio |
183 | $26,954,000 |
$143,250 | $500,000 |
$47,500 | $212,000 |
| Employment History |
18 | $2,262,000 |
$143,000 | $310,000 |
$62,076 | $136,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
6 | $780,000 |
$148,600 | $458,000 |
$52,800 | $107,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
521 | $65,342,000 |
$127,789 | $2,600,000 |
$65,894 | $611,000 |
| Unverifiable Information |
33 | $3,696,000 |
$110,538 | $354,000 |
$68,461 | $330,000 |
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Mortgage Loan App Totals for WASHTENAW MORTGAGE COMPANY by:
Metropolitan Area And
County
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