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COUNTRYWIDE HOME LOANS 35 N. LAKE AVENUE MS 35-148
PASADENA, 91101

2006 Mortgage Research Michigan US
Total Applications 79,365 2,420,539
Average Loan $134.1k $213.0k
Loan to Income Ratio 1.71 2.07
Subprime Loans 9.86% 8.70%
Refinancing Loans 54.91% 46.28%
Principal Dwellings 90.89% 88.59%
Rejected Applications 17.06% 11.63%