Mortgage Network
Mortgage Loan Application
Totals and Details
for 2007

Mortgage Company & Address Mortgage Network
99 Conifer Hill Drive
Danvers, MA 01923
Tel #: available with data download
Federal Regulator * available with data download
Years 2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  
Total Number of Mortgage Applications 12,554
Total Mortgage Loan Application Amount $2,811,967,000
Average Mortgage Loan Application Amount $175,703
Highest Mortgage Loan Application Amount $3,000,000
Average Applicant Income $77,813
Highest Applicant Income $8,622,000
Download the Massachusetts Lender List

Mortgage Loan Application Detail Totals for Mortgage Network 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
Home Purchase 6,811 $1,423,601,000 $209,000 $3,000,000 $94,000 $8,622,000
Refinancing 5,778 $1,395,203,000 $241,000 $2,795,000 $77,000 $6,169,000
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 10,415 $2,336,955,000 $224,000 $3,000,000 $93,000 $8,622,000
Not Provided 1,372 $318,085,000 $231,000 $3,000,000 $38,000 $1,765,000
Hispanic 287 $53,544,000 $186,000 $1,250,000 $58,000 $287,000
Black or African American 267 $51,905,000 $194,000 $1,817,000 $76,000 $3,000,000
Asian 231 $54,419,000 $235,000 $1,000,000 $96,000 $435,000
American Indian or Alaskan Native 17 $3,896,000 $229,000 $417,000 $82,000 $228,000
Native Hawaiin or Other Pacific Islander 0 $0 $0 $0 $0 $0
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) 12,559 $2,811,994,000 $223,000 $3,000,000 $86,000 $8,622,000
FHA-insured (Federal Housing Administration) 30 $6,810,000 $227,000 $325,000 $66,000 $183,000
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

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 9,146 $2,059,726,000 $225,000 $3,000,000 $92,000 $7,500,000
Loan Purchased By The Institution 2,098 $444,966,000 $212,000 $1,871,000 $91,000 $8,622,000
Application Approved But Not Accepted 594 $153,308,000 $258,000 $2,795,000 $55,000 $1,469,000
Application Withdrawn By Applicant 557 $124,149,000 $222,000 $3,000,000 $18,000 $1,765,000
Application Denied By Financial Institution 194 $36,655,000 $188,000 $1,020,000 $29,000 $492,000
File Closed For Incompleteness 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

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
Other 61 $10,824,000 $177,000 $1,020,000 $40,000 $492,000
Collateral 51 $8,627,000 $169,000 $375,000 $14,000 $114,000
Credit History 40 $8,258,000 $206,000 $573,000 $10,000 $135,000
Debt-To-Income Ratio 35 $7,074,000 $202,000 $875,000 $48,000 $169,000
Credit Application Incomplete 3 $1,013,000 $337,000 $417,000 $100,000 $168,000
Unverifiable Information 2 $435,000 $217,000 $280,000 $38,000 $40,000
Employment History 1 $226,000 $226,000 $226,000 $91,000 $91,000
Mortgage Insurance Denied 1 $198,000 $198,000 $198,000 $0 $0
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Download the Massachusetts Lender List