AllMortgageDetail - Mortgage Application Details

Cmg Mortgage, Inc.
Mortgage Loan Application
Totals and Details
for 2014

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Mortgage Company & Address Cmg Mortgage, Inc.
3160 Crow Canyon Road, St. 400
San Ramon, CA 94583
Federal Regulator Department of Housing and Urban Development (HUD)
Years 2014  2013  2012  2011  2010  2009  2008  
Total Number of Mortgage Applications 46,517
Total Mortgage Loan Application Amount $10,695,782,000
Average Mortgage Loan Application Amount $174,413
Highest Mortgage Loan Application Amount $2,500,000
Average Applicant Income $59,617
Highest Applicant Income $2,385,000

Mortgage Loan Application Detail Totals for Cmg Mortgage, Inc. in 2014

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 23,711 $5,440,968,000 $229,000 $2,500,000 $69,000 $2,385,000
Home Purchase 22,671 $5,230,238,000 $230,000 $1,975,000 $91,000 $2,186,000
Home Improvement 144 $28,189,000 $195,000 $800,000 $78,000 $222,000

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 29,248 $6,624,422,000 $226,000 $2,500,000 $83,000 $2,385,000
Hispanic 5,684 $1,231,527,000 $216,000 $1,230,000 $67,000 $1,200,000
Not Provided 4,736 $1,219,009,000 $257,000 $1,509,000 $81,000 $1,368,000
Black or African American 4,042 $832,448,000 $205,000 $1,050,000 $54,000 $1,106,000
Asian 2,337 $669,972,000 $286,000 $2,000,000 $108,000 $1,560,000
Native Hawaiin or Other Pacific Islander 262 $72,318,000 $276,000 $828,000 $80,000 $1,279,000
American Indian or Alaskan Native 194 $43,174,000 $222,000 $1,060,000 $82,000 $2,345,000
Not applicable 23 $6,525,000 $283,000 $650,000 $46,000 $177,000

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) 20,614 $5,193,818,000 $251,000 $2,500,000 $113,000 $2,385,000
VA-guaranteed (Veterans Administration) 13,051 $3,008,867,000 $230,000 $1,786,000 $45,000 $1,200,000
FHA-insured (Federal Housing Administration) 12,407 $2,426,677,000 $195,000 $778,000 $61,000 $1,106,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 454 $70,033,000 $154,000 $384,000 $50,000 $103,000

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 Purchased By The Institution 22,048 $4,639,806,000 $210,000 $1,473,000 $67,000 $2,059,000
Loan Originated 16,834 $4,163,044,000 $247,000 $1,800,000 $91,000 $2,385,000
Application Withdrawn By Applicant 3,107 $770,075,000 $247,000 $1,975,000 $97,000 $1,920,000
Application Approved But Not Accepted 2,660 $659,799,000 $248,000 $2,000,000 $88,000 $1,973,000
Application Denied By Financial Institution 1,584 $394,212,000 $248,000 $2,500,000 $86,000 $1,380,000
File Closed For Incompleteness 293 $72,459,000 $247,000 $1,678,000 $93,000 $1,283,000
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
Debt-To-Income Ratio 442 $111,155,000 $251,000 $1,037,000 $65,000 $443,000
Credit History 382 $93,692,000 $245,000 $1,820,000 $87,000 $1,380,000
Collateral 218 $45,491,000 $208,000 $1,215,000 $101,000 $729,000
Other 169 $47,867,000 $283,000 $2,500,000 $111,000 $956,000
Credit Application Incomplete 129 $34,478,000 $267,000 $1,434,000 $87,000 $570,000
Unverifiable Information 118 $30,277,000 $256,000 $805,000 $94,000 $555,000
Employment History 79 $15,821,000 $200,000 $1,042,000 $65,000 $250,000
Insufficient Cash (Downpayment, Closing Cost) 39 $13,597,000 $348,000 $1,346,000 $141,000 $930,000
Mortgage Insurance Denied 6 $1,362,000 $227,000 $342,000 $66,000 $80,000