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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 FEDERAL MORTGAGE CORP
Mortgage Loans and Application Details
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| Mortgage Company Name |
AMERICAN FEDERAL MORTGAGE CORP |
| Address | 1 LAUREL DRIVE
FLANDERS, NJ 07836 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,722 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $422,725,000 |
| Average Mortgage Loan Amount Applied For | $213,221 |
| Highest Mortgage Loan Amount Applied For | $1,350,000 |
| Average Applicant Income | $116,410 |
| Highest Applicant Income | $1,981,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
1,355 | $319,299,000 |
$235,000 | $1,350,000 |
$121,000 | $1,981,000 |
| Refinancing |
426 | $115,024,000 |
$270,000 | $1,100,000 |
$118,000 | $1,140,000 |
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| American Indian or Alaskan Native |
1 | $404,000 |
$404,000 | $404,000 |
$114,000 | $114,000 |
| Asian |
201 | $55,333,000 |
$275,000 | $1,061,000 |
$131,000 | $525,000 |
| Black or African American |
19 | $4,123,000 |
$217,000 | $480,000 |
$79,000 | $218,000 |
| Hispanic |
67 | $15,027,000 |
$224,000 | $800,000 |
$91,000 | $351,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $180,000 |
$180,000 | $180,000 |
$50,000 | $50,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
6 | $1,172,000 |
$195,000 | $315,000 |
$85,000 | $131,000 |
| White |
1,486 | $358,084,000 |
$240,000 | $1,350,000 |
$121,000 | $1,981,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,775 | $433,015,000 |
$243,000 | $1,350,000 |
$120,000 | $1,981,000 |
| FHA-insured (Federal Housing Administration) |
6 | $1,308,000 |
$218,000 | $308,000 |
$81,000 | $146,000 |
| 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 |
9 | $2,405,000 |
$267,000 | $800,000 |
$167,000 | $325,000 |
| Application Denied By Financial Institution |
95 | $17,465,000 |
$183,000 | $805,000 |
$79,000 | $420,000 |
| Application Withdrawn By Applicant |
30 | $7,316,000 |
$243,000 | $870,000 |
$122,000 | $275,000 |
| File Closed For Incompleteness |
25 | $6,363,000 |
$254,000 | $700,000 |
$118,000 | $300,000 |
| Loan Originated |
1,622 | $400,774,000 |
$247,000 | $1,350,000 |
$122,000 | $1,981,000 |
| 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 |
19 | $3,899,000 |
$205,000 | $356,000 |
$93,000 | $178,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
13 | $2,138,000 |
$164,000 | $395,000 |
$36,000 | $105,000 |
| Debt-To-Income Ratio |
20 | $4,649,000 |
$232,000 | $805,000 |
$83,000 | $230,000 |
| Employment History |
3 | $413,000 |
$137,000 | $276,000 |
$40,000 | $70,000 |
| 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 |
2 | $214,000 |
$107,000 | $180,000 |
$72,000 | $72,000 |
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Mortgage Loan App Totals for AMERICAN FEDERAL MORTGAGE CORP by:
Metropolitan Area And
County
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