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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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BAYROCK MORTGAGE CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
BAYROCK MORTGAGE CORPORATION |
| Address | 11575 GREAT OAKS WAY, SUITE 300
ALPHARETTA, GA 30022 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 15,997 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $2,792,649,000 |
| Average Mortgage Loan Amount Applied For | $160,541 |
| Highest Mortgage Loan Amount Applied For | $6,300,000 |
| Average Applicant Income | $108,647 |
| Highest Applicant Income | $4,794,000 |
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| Home Improvement |
718 | $27,653,000 |
$38,000 | $215,000 |
$114,000 | $777,000 |
| Home Purchase |
8,433 | $1,315,663,000 |
$156,000 | $6,300,000 |
$116,000 | $4,794,000 |
| Refinancing |
7,705 | $1,588,966,000 |
$206,000 | $4,950,000 |
$117,000 | $1,680,000 |
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| American Indian or Alaskan Native |
36 | $5,796,000 |
$161,000 | $515,000 |
$99,000 | $182,000 |
| Asian |
784 | $160,221,000 |
$204,000 | $1,470,000 |
$141,000 | $936,000 |
| Black or African American |
5,163 | $754,457,000 |
$146,000 | $6,300,000 |
$97,000 | $1,356,000 |
| Hispanic |
2,963 | $544,736,000 |
$183,000 | $1,950,000 |
$113,000 | $900,000 |
| Native Hawaiin or Other Pacific Islander |
82 | $18,278,000 |
$222,000 | $1,500,000 |
$129,000 | $540,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
3,541 | $647,787,000 |
$182,000 | $4,950,000 |
$113,000 | $1,680,000 |
| White |
4,287 | $801,007,000 |
$186,000 | $4,675,000 |
$141,000 | $4,794,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
16,850 | $2,931,191,000 |
$173,000 | $6,300,000 |
$116,000 | $4,794,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
6 | $1,091,000 |
$181,000 | $310,000 |
$135,000 | $313,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
1 | $70,000 |
$70,000 | $70,000 |
$90,000 | $90,000 |
| Application Denied By Financial Institution |
3,871 | $657,928,000 |
$169,000 | $2,730,000 |
$114,000 | $1,466,000 |
| Application Withdrawn By Applicant |
6,349 | $1,141,440,000 |
$179,000 | $6,300,000 |
$121,000 | $4,794,000 |
| File Closed For Incompleteness |
21 | $3,322,000 |
$158,000 | $424,000 |
$114,000 | $241,000 |
| Loan Originated |
301 | $58,622,000 |
$194,000 | $1,000,000 |
$110,000 | $546,000 |
| Loan Purchased By The Institution |
6,313 | $1,070,900,000 |
$169,000 | $2,240,000 |
$114,000 | $1,200,000 |
| 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 |
457 | $76,566,000 |
$167,000 | $1,540,000 |
$121,000 | $804,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
400 | $62,231,000 |
$155,000 | $1,000,000 |
$91,000 | $815,000 |
| Debt-To-Income Ratio |
256 | $38,707,000 |
$151,000 | $880,000 |
$59,000 | $317,000 |
| Employment History |
158 | $27,442,000 |
$173,000 | $1,050,000 |
$112,000 | $660,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
29 | $5,643,000 |
$194,000 | $800,000 |
$93,000 | $325,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2,524 | $440,381,000 |
$174,000 | $2,730,000 |
$122,000 | $1,466,000 |
| Unverifiable Information |
47 | $6,958,000 |
$148,000 | $628,000 |
$92,000 | $720,000 |
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Mortgage Loan App Totals for BAYROCK MORTGAGE CORPORATION by:
Metropolitan Area And
County
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