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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 FINANCIAL RESOURCES,I
Mortgage Loans and Application Details
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| Mortgage Company Name |
AMERICAN FINANCIAL RESOURCES,I |
| Address | 273 E. MAIN ST
DENVILLE, NJ 07834 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 788 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $179,871,000 |
| Average Mortgage Loan Amount Applied For | $234,785 |
| Highest Mortgage Loan Amount Applied For | $1,500,000 |
| Average Applicant Income | $99,761 |
| Highest Applicant Income | $1,000,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
277 | $62,369,000 |
$225,000 | $1,500,000 |
$117,000 | $834,000 |
| Refinancing |
511 | $117,502,000 |
$229,000 | $1,400,000 |
$104,000 | $1,000,000 |
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| American Indian or Alaskan Native |
1 | $175,000 |
$175,000 | $175,000 |
$60,000 | $60,000 |
| Asian |
32 | $6,094,000 |
$190,000 | $584,000 |
$185,000 | $285,000 |
| Black or African American |
122 | $22,471,000 |
$184,000 | $910,000 |
$91,000 | $1,000,000 |
| Hispanic |
136 | $30,165,000 |
$221,000 | $696,000 |
$85,000 | $288,000 |
| Native Hawaiin or Other Pacific Islander |
3 | $631,000 |
$210,000 | $417,000 |
$88,000 | $89,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
63 | $16,506,000 |
$262,000 | $960,000 |
$105,000 | $536,000 |
| White |
431 | $103,829,000 |
$240,000 | $1,500,000 |
$116,000 | $834,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
757 | $173,250,000 |
$228,000 | $1,500,000 |
$110,000 | $1,000,000 |
| FHA-insured (Federal Housing Administration) |
31 | $6,621,000 |
$213,000 | $368,000 |
$76,000 | $135,000 |
| 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 |
1 | $19,000 |
$19,000 | $19,000 |
$93,000 | $93,000 |
| Application Denied By Financial Institution |
17 | $4,914,000 |
$289,000 | $1,300,000 |
$137,000 | $540,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
770 | $174,938,000 |
$227,000 | $1,500,000 |
$108,000 | $1,000,000 |
| 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 |
1 | $87,000 |
$87,000 | $87,000 |
$59,000 | $59,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for AMERICAN FINANCIAL RESOURCES,I by:
Metropolitan Area And
County
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