|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
AMERICAN MORTGAGE EXPRESS CORP
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
AMERICAN MORTGAGE EXPRESS CORP |
| Address | 136 GAITHER DRIVE
MOUNT LAUREL, NJ 08054 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 22,614 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $5,264,172,000 |
| Average Mortgage Loan Amount Applied For | $173,183 |
| Highest Mortgage Loan Amount Applied For | $3,465,000 |
| Average Applicant Income | $64,158 |
| Highest Applicant Income | $2,511,000 |
|
|
|
| Home Improvement |
5 | $1,827,000 |
$365,000 | $639,000 |
$69,000 | $126,000 |
| Home Purchase |
11,749 | $2,380,043,000 |
$202,000 | $2,320,000 |
$94,000 | $2,511,000 |
| Refinancing |
10,860 | $2,882,302,000 |
$265,000 | $3,465,000 |
$98,000 | $1,310,000 |
|
|
| American Indian or Alaskan Native |
55 | $11,607,000 |
$211,000 | $880,000 |
$90,000 | $309,000 |
| Asian |
1,731 | $566,879,000 |
$327,000 | $2,550,000 |
$141,000 | $1,020,000 |
| Black or African American |
2,216 | $411,037,000 |
$185,000 | $998,000 |
$68,000 | $1,140,000 |
| Hispanic |
3,116 | $780,339,000 |
$250,000 | $1,975,000 |
$93,000 | $900,000 |
| Native Hawaiin or Other Pacific Islander |
101 | $28,874,000 |
$285,000 | $1,000,000 |
$112,000 | $383,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
2,270 | $525,528,000 |
$231,000 | $1,590,000 |
$69,000 | $1,248,000 |
| White |
13,125 | $2,939,908,000 |
$223,000 | $3,465,000 |
$99,000 | $2,511,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
22,515 | $5,243,682,000 |
$232,000 | $3,465,000 |
$96,000 | $2,511,000 |
| FHA-insured (Federal Housing Administration) |
67 | $13,001,000 |
$194,000 | $368,000 |
$70,000 | $139,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
32 | $7,489,000 |
$234,000 | $417,000 |
$77,000 | $137,000 |
|
|
| Application Approved But Not Accepted |
2,347 | $660,574,000 |
$281,000 | $2,700,000 |
$109,000 | $714,000 |
| Application Denied By Financial Institution |
2,629 | $728,744,000 |
$277,000 | $3,465,000 |
$124,000 | $1,248,000 |
| Application Withdrawn By Applicant |
2,176 | $387,982,000 |
$178,000 | $1,500,000 |
$47,000 | $1,430,000 |
| File Closed For Incompleteness |
232 | $50,184,000 |
$216,000 | $1,500,000 |
$85,000 | $466,000 |
| Loan Originated |
14,535 | $3,321,379,000 |
$228,000 | $2,000,000 |
$97,000 | $2,511,000 |
| Loan Purchased By The Institution |
695 | $115,309,000 |
$165,000 | $991,000 |
$72,000 | $698,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
|
| Collateral |
189 | $54,624,000 |
$289,000 | $3,465,000 |
$120,000 | $720,000 |
| Credit Application Incomplete |
159 | $50,461,000 |
$317,000 | $1,325,000 |
$139,000 | $1,020,000 |
| Credit History |
1,081 | $277,990,000 |
$257,000 | $3,000,000 |
$110,000 | $1,248,000 |
| Debt-To-Income Ratio |
267 | $68,427,000 |
$256,000 | $1,120,000 |
$118,000 | $1,152,000 |
| Employment History |
213 | $63,726,000 |
$299,000 | $980,000 |
$130,000 | $462,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
112 | $34,232,000 |
$305,000 | $1,700,000 |
$158,000 | $660,000 |
| Mortgage Insurance Denied |
3 | $1,105,000 |
$368,000 | $456,000 |
$74,000 | $114,000 |
| Other |
335 | $96,953,000 |
$289,000 | $1,929,000 |
$144,000 | $1,170,000 |
| Unverifiable Information |
270 | $81,226,000 |
$300,000 | $1,253,000 |
$135,000 | $600,000 |
|
Mortgage Loan App Totals for AMERICAN MORTGAGE EXPRESS CORP by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
