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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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ARK MORTGAGE, INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
ARK MORTGAGE, INC. |
| Address | 299 MARKET STREET THIRD FLOOR
SADDLE BROOK, NJ 07663 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 736 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $185,929,000 |
| Average Mortgage Loan Amount Applied For | $252,200 |
| Highest Mortgage Loan Amount Applied For | $1,660,000 |
| Average Applicant Income | $100,200 |
| Highest Applicant Income | $600,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
463 | $108,547,000 |
$234,000 | $1,660,000 |
$107,000 | $600,000 |
| Refinancing |
273 | $77,382,000 |
$283,000 | $925,000 |
$106,000 | $539,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
17 | $4,510,000 |
$265,000 | $551,000 |
$103,000 | $189,000 |
| Black or African American |
61 | $15,894,000 |
$260,000 | $675,000 |
$103,000 | $170,000 |
| Hispanic |
394 | $100,388,000 |
$254,000 | $712,000 |
$103,000 | $237,000 |
| Native Hawaiin or Other Pacific Islander |
4 | $702,000 |
$175,000 | $400,000 |
$90,000 | $111,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
16 | $3,791,000 |
$236,000 | $516,000 |
$125,000 | $480,000 |
| White |
244 | $60,644,000 |
$248,000 | $1,660,000 |
$112,000 | $600,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
566 | $132,356,000 |
$233,000 | $1,660,000 |
$112,000 | $600,000 |
| FHA-insured (Federal Housing Administration) |
170 | $53,573,000 |
$315,000 | $601,000 |
$87,000 | $304,000 |
| 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 |
58 | $15,967,000 |
$275,000 | $601,000 |
$111,000 | $253,000 |
| Application Denied By Financial Institution |
6 | $1,550,000 |
$258,000 | $416,000 |
$157,000 | $182,000 |
| Application Withdrawn By Applicant |
100 | $24,500,000 |
$245,000 | $675,000 |
$105,000 | $480,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
572 | $143,912,000 |
$251,000 | $1,660,000 |
$106,000 | $600,000 |
| 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 | $270,000 |
$270,000 | $270,000 |
$114,000 | $114,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for ARK MORTGAGE, INC. by:
Metropolitan Area And
County
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