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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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AAKO INC
Mortgage Loans and Application Details
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| Mortgage Company Name |
AAKO INC |
| Address | 3569 BRISTOL PIKE BUILDING 2
BENSALEM, PA 19020 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2005 |
| All Data Years | 2003 2004 2005 |
| Total Number of Mortgage Loan Applications Processed | 398 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $46,608,000 |
| Average Mortgage Loan Amount Applied For | $186,266 |
| Highest Mortgage Loan Amount Applied For | $990,000 |
| Average Applicant Income | $109,400 |
| Highest Applicant Income | $1,800,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
393 | $45,632,000 |
$156,500 | $990,000 |
$106,500 | $1,800,000 |
| Refinancing |
5 | $976,000 |
$194,500 | $323,000 |
$40,000 | $58,000 |
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| American Indian or Alaskan Native |
2 | $282,000 |
$141,000 | $185,000 |
$57,000 | $91,000 |
| Asian |
9 | $849,000 |
$94,000 | $200,000 |
$74,000 | $162,000 |
| Black or African American |
134 | $10,266,000 |
$76,000 | $232,000 |
$45,000 | $199,000 |
| Hispanic |
34 | $3,306,000 |
$97,000 | $241,000 |
$56,000 | $114,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $429,000 |
$214,000 | $309,000 |
$66,000 | $90,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
217 | $31,476,000 |
$169,500 | $990,000 |
$115,500 | $1,800,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
283 | $36,494,000 |
$161,500 | $990,000 |
$104,500 | $1,800,000 |
| FHA-insured (Federal Housing Administration) |
110 | $9,387,000 |
$85,000 | $213,000 |
$39,000 | $79,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
5 | $727,000 |
$145,000 | $194,000 |
$56,000 | $97,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
14 | $1,667,000 |
$119,000 | $241,000 |
$61,000 | $162,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
384 | $44,941,000 |
$156,000 | $990,000 |
$98,000 | $1,800,000 |
| 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 |
14 | $1,667,000 |
$119,000 | $241,000 |
$61,000 | $162,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for AAKO INC by:
Metropolitan Area And
County
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