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| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
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1ST PREFERENCE MORTGAGE CORP
Mortgage Loans and Application Details
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| Mortgage Company Name |
1ST PREFERENCE MORTGAGE CORP |
| Address | 9423 BELAIR RD
BALTIMORE, MD 21236 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2005 |
| All Data Years | 2003 2004 2005 |
| Total Number of Mortgage Loan Applications Processed | 1,078 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $172,406,000 |
| Average Mortgage Loan Amount Applied For | $162,648 |
| Highest Mortgage Loan Amount Applied For | $3,027,000 |
| Average Applicant Income | $62,567 |
| Highest Applicant Income | $425,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
590 | $88,346,000 |
$142,900 | $3,027,000 |
$55,600 | $425,000 |
| Refinancing |
511 | $87,144,000 |
$156,800 | $1,000,000 |
$53,300 | $425,000 |
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| American Indian or Alaskan Native |
9 | $1,358,000 |
$139,500 | $322,000 |
$46,250 | $108,000 |
| Asian |
8 | $1,052,000 |
$126,500 | $200,000 |
$45,500 | $77,000 |
| Black or African American |
213 | $30,665,000 |
$154,125 | $500,000 |
$48,000 | $203,000 |
| Hispanic |
26 | $3,880,000 |
$132,500 | $324,000 |
$45,833 | $90,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $365,000 |
$182,500 | $296,000 |
$47,500 | $78,000 |
| Not applicable |
286 | $46,759,000 |
$138,600 | $3,027,000 |
$46,800 | $425,000 |
| Not Provided |
12 | $1,730,000 |
$164,000 | $311,000 |
$67,750 | $143,000 |
| White |
545 | $89,681,000 |
$168,181 | $1,000,000 |
$59,181 | $341,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
810 | $134,226,000 |
$150,909 | $1,000,000 |
$53,181 | $425,000 |
| FHA-insured (Federal Housing Administration) |
269 | $37,345,000 |
$143,300 | $3,027,000 |
$48,000 | $341,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
22 | $3,919,000 |
$167,285 | $347,000 |
$53,714 | $109,000 |
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| Application Approved But Not Accepted |
11 | $1,721,000 |
$100,200 | $446,000 |
$49,600 | $111,000 |
| Application Denied By Financial Institution |
73 | $9,610,000 |
$149,166 | $460,000 |
$51,500 | $160,000 |
| Application Withdrawn By Applicant |
124 | $17,982,000 |
$188,222 | $3,027,000 |
$35,555 | $143,000 |
| File Closed For Incompleteness |
4 | $322,000 |
$80,000 | $124,000 |
$33,000 | $49,000 |
| Loan Originated |
889 | $145,855,000 |
$164,090 | $1,000,000 |
$60,909 | $425,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
73 | $9,610,000 |
$149,166 | $460,000 |
$51,500 | $160,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for 1ST PREFERENCE MORTGAGE CORP by:
Metropolitan Area And
County
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