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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 REPUBLIC MORTGAGE BANKERS
Mortgage Loans and Application Details
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| Mortgage Company Name |
1ST REPUBLIC MORTGAGE BANKERS |
| Address | 11O JERICHO TURNPIKE SUITE 200
FLORAL PARK, NY 11001 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,395 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $410,351,000 |
| Average Mortgage Loan Amount Applied For | $237,490 |
| Highest Mortgage Loan Amount Applied For | $1,398,000 |
| Average Applicant Income | $79,000 |
| Highest Applicant Income | $912,000 |
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| Home Improvement |
57 | $17,479,000 |
$306,000 | $536,000 |
$70,000 | $164,000 |
| Home Purchase |
533 | $147,348,000 |
$276,000 | $1,398,000 |
$97,000 | $912,000 |
| Refinancing |
805 | $245,524,000 |
$304,000 | $1,000,000 |
$77,000 | $600,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
166 | $45,848,000 |
$276,000 | $825,000 |
$87,000 | $912,000 |
| Black or African American |
1,059 | $310,260,000 |
$292,000 | $772,000 |
$82,000 | $333,000 |
| Hispanic |
115 | $34,091,000 |
$296,000 | $648,000 |
$87,000 | $206,000 |
| Native Hawaiin or Other Pacific Islander |
5 | $1,668,000 |
$333,000 | $380,000 |
$77,000 | $129,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
50 | $18,484,000 |
$369,000 | $1,398,000 |
$125,000 | $600,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,116 | $326,215,000 |
$292,000 | $1,398,000 |
$84,000 | $912,000 |
| FHA-insured (Federal Housing Administration) |
275 | $83,132,000 |
$302,000 | $598,000 |
$85,000 | $191,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
4 | $1,004,000 |
$251,000 | $393,000 |
$70,000 | $96,000 |
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| Application Approved But Not Accepted |
96 | $26,293,000 |
$273,000 | $540,000 |
$79,000 | $151,000 |
| Application Denied By Financial Institution |
224 | $61,320,000 |
$273,000 | $656,000 |
$83,000 | $315,000 |
| Application Withdrawn By Applicant |
206 | $56,218,000 |
$272,000 | $850,000 |
$81,000 | $600,000 |
| File Closed For Incompleteness |
23 | $7,063,000 |
$307,000 | $476,000 |
$71,000 | $288,000 |
| Loan Originated |
846 | $259,457,000 |
$306,000 | $1,398,000 |
$86,000 | $912,000 |
| 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 |
10 | $2,823,000 |
$282,000 | $575,000 |
$79,000 | $164,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
8 | $2,824,000 |
$353,000 | $570,000 |
$80,000 | $150,000 |
| Debt-To-Income Ratio |
12 | $3,238,000 |
$269,000 | $440,000 |
$67,000 | $111,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $391,000 |
$391,000 | $391,000 |
$162,000 | $162,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
17 | $4,868,000 |
$286,000 | $639,000 |
$103,000 | $206,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for 1ST REPUBLIC MORTGAGE BANKERS by:
Metropolitan Area And
County
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