| $3,446,236,491 in Mortgage Loans Applied for in 2008 from 17,391,570 Applications |
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1ST REPUBLIC MORTGAGE BANKERS
Mortgage Loans and Application Details
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| Mortgage Company Name |
1ST REPUBLIC MORTGAGE BANKERS |
| Address | 110 JERICHO TURNPIKE SUITE 200
FLORAL PARK, NY 11001 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2007 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 |
| Total Number of Mortgage Loan Applications Processed | 1,242 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $411,456,000 |
| Average Mortgage Loan Amount Applied For | $241,800 |
| Highest Mortgage Loan Amount Applied For | $2,250,000 |
| Average Applicant Income | $78,085 |
| Highest Applicant Income | $504,000 |
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| Home Improvement |
6 | $2,360,000 |
$393,000 | $525,000 |
$59,000 | $105,000 |
| Home Purchase |
374 | $119,164,000 |
$318,000 | $1,000,000 |
$91,000 | $341,000 |
| Refinancing |
867 | $291,264,000 |
$335,000 | $2,250,000 |
$76,000 | $504,000 |
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| American Indian or Alaskan Native |
1 | $375,000 |
$375,000 | $375,000 |
$64,000 | $64,000 |
| Asian |
147 | $47,358,000 |
$322,000 | $713,000 |
$79,000 | $220,000 |
| Black or African American |
940 | $311,991,000 |
$331,000 | $1,000,000 |
$78,000 | $318,000 |
| Hispanic |
70 | $21,247,000 |
$303,000 | $657,000 |
$75,000 | $182,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
15 | $4,945,000 |
$329,000 | $1,266,000 |
$128,000 | $504,000 |
| White |
74 | $26,872,000 |
$363,000 | $2,250,000 |
$105,000 | $426,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
875 | $296,765,000 |
$339,000 | $2,250,000 |
$80,000 | $504,000 |
| FHA-insured (Federal Housing Administration) |
371 | $115,615,000 |
$311,000 | $641,000 |
$79,000 | $310,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
1 | $408,000 |
$408,000 | $408,000 |
$110,000 | $110,000 |
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| Application Approved But Not Accepted |
53 | $17,640,000 |
$332,000 | $730,000 |
$82,000 | $200,000 |
| Application Denied By Financial Institution |
280 | $91,113,000 |
$325,000 | $1,000,000 |
$84,000 | $426,000 |
| Application Withdrawn By Applicant |
221 | $73,821,000 |
$334,000 | $2,250,000 |
$86,000 | $504,000 |
| File Closed For Incompleteness |
22 | $7,766,000 |
$353,000 | $570,000 |
$75,000 | $187,000 |
| Loan Originated |
671 | $222,448,000 |
$331,000 | $960,000 |
$77,000 | $310,000 |
| Loan Purchased By The Institution |
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 |
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| Collateral |
100 | $32,449,000 |
$324,000 | $650,000 |
$90,000 | $426,000 |
| Credit Application Incomplete |
8 | $2,303,000 |
$287,000 | $480,000 |
$57,000 | $120,000 |
| Credit History |
42 | $13,398,000 |
$319,000 | $750,000 |
$85,000 | $318,000 |
| Debt-To-Income Ratio |
69 | $23,897,000 |
$346,000 | $713,000 |
$72,000 | $220,000 |
| Employment History |
5 | $1,486,000 |
$297,000 | $465,000 |
$87,000 | $128,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
16 | $6,418,000 |
$401,000 | $1,000,000 |
$108,000 | $318,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
25 | $6,685,000 |
$267,000 | $522,000 |
$80,000 | $182,000 |
| Unverifiable Information |
15 | $4,477,000 |
$298,000 | $513,000 |
$89,000 | $180,000 |
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Mortgage Loan Application Totals for 1ST REPUBLIC MORTGAGE BANKERS by:
Metropolitan Area And
County
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