AllMortgageDetail - Mortgage Application Details

Csmc, Inc
Mortgage Loan Application
Totals and Details
for 2007

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Mortgage Company & Address Csmc, Inc
10425 W North Avenue Suite 100
Wauwatosa, WI 53226
Federal Regulator Department of Housing and Urban Development (HUD)
Years 2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 2,883
Total Mortgage Loan Application Amount $427,457,000
Average Mortgage Loan Application Amount $134,624
Highest Mortgage Loan Application Amount $1,640,000
Average Applicant Income $69,528
Highest Applicant Income $585,000

Mortgage Loan Application Detail Totals for Csmc, Inc in 2007

Loan Purpose

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Refinancing 1,535 $235,974,000 $153,000 $715,000 $67,000 $500,000
Home Purchase 1,348 $191,483,000 $142,000 $1,640,000 $65,000 $585,000
Home Improvement 0 $0 $0 $0 $0 $0

Applicant Race

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
White 2,266 $338,806,000 $149,000 $1,640,000 $67,000 $585,000
Black or African American 306 $38,786,000 $126,000 $425,000 $57,000 $221,000
Hispanic 150 $24,416,000 $162,000 $1,044,000 $55,000 $387,000
Not Provided 115 $15,776,000 $137,000 $382,000 $64,000 $177,000
Asian 35 $7,659,000 $218,000 $485,000 $85,000 $255,000
American Indian or Alaskan Native 7 $1,167,000 $166,000 $295,000 $83,000 $171,000
Native Hawaiin or Other Pacific Islander 4 $847,000 $211,000 $407,000 $96,000 $165,000
Not applicable 0 $0 $0 $0 $0 $0

Loan Type

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 2,377 $356,873,000 $150,000 $1,640,000 $68,000 $585,000
FHA-insured (Federal Housing Administration) 496 $69,289,000 $139,000 $275,000 $57,000 $153,000
VA-guaranteed (Veterans Administration) 6 $920,000 $153,000 $199,000 $49,000 $102,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 4 $375,000 $93,000 $121,000 $42,000 $58,000

Outcome

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Loan Originated 2,198 $332,352,000 $151,000 $1,044,000 $67,000 $585,000
Application Approved But Not Accepted 212 $28,357,000 $133,000 $556,000 $60,000 $286,000
Application Withdrawn By Applicant 187 $26,651,000 $142,000 $1,640,000 $60,000 $303,000
Application Denied By Financial Institution 176 $24,773,000 $140,000 $497,000 $61,000 $255,000
File Closed For Incompleteness 98 $13,438,000 $137,000 $425,000 $64,000 $222,000
Loan Purchased By The Institution 12 $1,886,000 $157,000 $321,000 $75,000 $150,000
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
Preapproval Denied by Financial Institution 0 $0 $0 $0 $0 $0

Denial Reason

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Collateral 35 $5,699,000 $162,000 $497,000 $62,000 $168,000
Debt-To-Income Ratio 24 $3,136,000 $130,000 $278,000 $52,000 $104,000
Credit History 15 $1,836,000 $122,000 $225,000 $49,000 $105,000
Other 13 $1,818,000 $139,000 $340,000 $79,000 $255,000
Employment History 6 $690,000 $115,000 $148,000 $37,000 $54,000
Unverifiable Information 4 $542,000 $135,000 $241,000 $87,000 $169,000
Insufficient Cash (Downpayment, Closing Cost) 2 $245,000 $122,000 $136,000 $32,000 $34,000
Credit Application Incomplete 1 $120,000 $120,000 $120,000 $44,000 $44,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0