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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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AMERICAN DREAM MORTGAGE BANKER
Mortgage Loans and Application Details
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| Mortgage Company Name |
AMERICAN DREAM MORTGAGE BANKER |
| Address | 1800 NORTHERN BOULEVARD, SUITE 114
ROSLYN, NY 11576 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 291 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $91,064,000 |
| Average Mortgage Loan Amount Applied For | $281,434 |
| Highest Mortgage Loan Amount Applied For | $689,000 |
| Average Applicant Income | $70,478 |
| Highest Applicant Income | $252,000 |
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| Home Improvement |
1 | $500,000 |
$500,000 | $500,000 |
$83,000 | $83,000 |
| Home Purchase |
12 | $3,362,000 |
$280,000 | $570,000 |
$108,000 | $252,000 |
| Refinancing |
278 | $87,202,000 |
$313,000 | $689,000 |
$65,000 | $200,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
4 | $1,557,000 |
$389,000 | $492,000 |
$80,000 | $97,000 |
| Black or African American |
226 | $70,656,000 |
$312,000 | $689,000 |
$65,000 | $252,000 |
| Hispanic |
23 | $7,665,000 |
$333,000 | $595,000 |
$73,000 | $168,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1 | $385,000 |
$385,000 | $385,000 |
$80,000 | $80,000 |
| White |
37 | $10,801,000 |
$291,000 | $595,000 |
$71,000 | $200,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
249 | $77,886,000 |
$312,000 | $689,000 |
$65,000 | $252,000 |
| FHA-insured (Federal Housing Administration) |
42 | $13,178,000 |
$313,000 | $570,000 |
$76,000 | $185,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
2 | $990,000 |
$495,000 | $500,000 |
$88,000 | $92,000 |
| Application Withdrawn By Applicant |
90 | $28,928,000 |
$321,000 | $689,000 |
$59,000 | $168,000 |
| File Closed For Incompleteness |
20 | $5,456,000 |
$272,000 | $433,000 |
$65,000 | $200,000 |
| Loan Originated |
179 | $55,690,000 |
$311,000 | $616,000 |
$70,000 | $252,000 |
| 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 |
1 | $500,000 |
$500,000 | $500,000 |
$92,000 | $92,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for AMERICAN DREAM MORTGAGE BANKER by:
Metropolitan Area And
County
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