AllMortgageDetail - Mortgage Application Details

Realty Mortgage
Mortgage Loan Application
Totals and Details
for 2007

Download the entire list of lenders located in Mississippi to a Spreadsheet or Other File Type
Mortgage Company & Address Realty Mortgage
215 Katherine Dr.
Flowood, MS 39232
Federal Regulator Department of Housing and Urban Development (HUD)
Years 2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 15,488
Total Mortgage Loan Application Amount $3,277,224,000
Average Mortgage Loan Application Amount $162,687
Highest Mortgage Loan Application Amount $1,999,000
Average Applicant Income $86,378
Highest Applicant Income $1,980,000

Mortgage Loan Application Detail Totals for Realty Mortgage 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 9,463 $1,744,283,000 $184,000 $1,978,000 $101,000 $1,980,000
Refinancing 6,369 $1,595,805,000 $250,000 $1,999,000 $119,000 $1,548,000
Home Improvement 3 $476,000 $158,000 $343,000 $124,000 $198,000

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 7,150 $1,518,617,000 $212,000 $1,978,000 $112,000 $1,980,000
Hispanic 3,886 $875,553,000 $225,000 $1,999,000 $107,000 $1,980,000
Black or African American 2,285 $381,564,000 $166,000 $1,000,000 $76,000 $1,400,000
Not Provided 1,636 $300,701,000 $183,000 $1,515,000 $108,000 $1,354,000
Asian 681 $212,724,000 $312,000 $1,999,000 $166,000 $1,700,000
Native Hawaiin or Other Pacific Islander 154 $43,544,000 $282,000 $1,100,000 $170,000 $660,000
American Indian or Alaskan Native 43 $7,861,000 $182,000 $417,000 $88,000 $1,008,000
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) 12,567 $2,886,557,000 $229,000 $1,999,000 $121,000 $1,980,000
FHA-insured (Federal Housing Administration) 2,551 $342,726,000 $134,000 $350,000 $57,000 $1,020,000
VA-guaranteed (Veterans Administration) 717 $111,281,000 $155,000 $348,000 $61,000 $1,400,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 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 9,392 $1,788,490,000 $190,000 $1,999,000 $95,000 $1,980,000
Application Withdrawn By Applicant 2,562 $617,714,000 $241,000 $1,999,000 $132,000 $1,980,000
Application Denied By Financial Institution 1,590 $390,909,000 $245,000 $1,600,000 $124,000 $1,500,000
Application Approved But Not Accepted 1,567 $354,848,000 $226,000 $1,464,000 $118,000 $1,344,000
File Closed For Incompleteness 690 $183,521,000 $265,000 $1,960,000 $146,000 $1,548,000
Loan Purchased By The Institution 23 $3,742,000 $162,000 $464,000 $70,000 $183,000
Preapproval Denied by Financial Institution 6 $620,000 $103,000 $154,000 $50,000 $63,000
Preapproval Approved but not Accepted 5 $720,000 $144,000 $319,000 $89,000 $186,000

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
Credit History 584 $132,492,000 $226,000 $1,600,000 $100,000 $1,500,000
Debt-To-Income Ratio 217 $45,541,000 $209,000 $932,000 $80,000 $290,000
Other 212 $55,187,000 $260,000 $1,000,000 $151,000 $660,000
Unverifiable Information 205 $62,290,000 $303,000 $1,260,000 $160,000 $1,260,000
Collateral 197 $55,037,000 $279,000 $1,500,000 $167,000 $1,200,000
Employment History 85 $22,758,000 $267,000 $959,000 $145,000 $576,000
Credit Application Incomplete 59 $10,428,000 $176,000 $980,000 $94,000 $425,000
Insufficient Cash (Downpayment, Closing Cost) 20 $5,585,000 $279,000 $1,000,000 $230,000 $1,354,000
Mortgage Insurance Denied 5 $804,000 $160,000 $235,000 $59,000 $82,000