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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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CMFC, INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
CMFC, INC. |
| Address | One Court Square, 45th Floor/Zone 15
Long Island City, NY 11120 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 2,478 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $219,219,000 |
| Average Mortgage Loan Amount Applied For | $82,039 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $39,697 |
| Highest Applicant Income | $3,686,000 |
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| Home Improvement (one-to-four family) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase (one-to-four family) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
2,478 | $219,219,000 |
$88,000 | $1,000,000 |
$41,000 | $3,686,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian or Pacific Islander |
1 | $288,000 |
$288,000 | $288,000 |
$57,000 | $57,000 |
| Black |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
2,472 | $218,134,000 |
$88,000 | $1,000,000 |
$40,000 | $3,686,000 |
| Information not provided by applicant in mail or telephone application |
1 | $200,000 |
$200,000 | $200,000 |
$50,000 | $50,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
3 | $319,000 |
$106,000 | $157,000 |
$59,000 | $96,000 |
| White |
1 | $278,000 |
$278,000 | $278,000 |
$133,000 | $133,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,478 | $219,219,000 |
$88,000 | $1,000,000 |
$41,000 | $3,686,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
104 | $8,505,000 |
$81,000 | $344,000 |
$38,000 | $169,000 |
| Application Denied By Financial Institution |
898 | $77,654,000 |
$86,000 | $1,000,000 |
$38,000 | $781,000 |
| Application Withdrawn By Applicant |
954 | $87,082,000 |
$91,000 | $564,000 |
$48,000 | $3,686,000 |
| File Closed For Incompleteness |
164 | $13,970,000 |
$85,000 | $466,000 |
$43,000 | $237,000 |
| Loan Originated |
358 | $32,008,000 |
$89,000 | $288,000 |
$38,000 | $190,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
49 | $4,420,000 |
$90,000 | $315,000 |
$45,000 | $126,000 |
| Credit Application Incomplete |
1 | $56,000 |
$56,000 | $56,000 |
$38,000 | $38,000 |
| Credit History |
555 | $46,056,000 |
$82,000 | $680,000 |
$43,000 | $781,000 |
| Debt-To-Income Ratio |
286 | $26,675,000 |
$93,000 | $1,000,000 |
$31,000 | $141,000 |
| Employment History |
4 | $223,000 |
$55,000 | $81,000 |
$23,000 | $32,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $132,000 |
$66,000 | $67,000 |
$32,000 | $42,000 |
| Unverifiable Information |
1 | $92,000 |
$92,000 | $92,000 |
$24,000 | $24,000 |
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Mortgage Loan App Totals for CMFC, INC. by:
Metropolitan Area And
County
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