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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 | 850 THIRD AVENUE, 12TH FLOOR
NEW YORK, NY 10022 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 833 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $91,420,000 |
| Average Mortgage Loan Amount Applied For | $105,150 |
| Highest Mortgage Loan Amount Applied For | $510,000 |
| Average Applicant Income | $44,232 |
| Highest Applicant Income | $360,000 |
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| Home Improvement |
309 | $33,370,000 |
$107,000 | $455,000 |
$45,000 | $271,000 |
| Home Purchase |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Refinancing |
524 | $58,050,000 |
$110,000 | $510,000 |
$44,000 | $360,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
833 | $91,420,000 |
$109,000 | $510,000 |
$45,000 | $360,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
833 | $91,420,000 |
$109,000 | $510,000 |
$45,000 | $360,000 |
| 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 |
6 | $556,000 |
$92,000 | $124,000 |
$39,000 | $60,000 |
| Application Denied By Financial Institution |
449 | $48,985,000 |
$109,000 | $510,000 |
$43,000 | $271,000 |
| Application Withdrawn By Applicant |
169 | $19,226,000 |
$113,000 | $407,000 |
$49,000 | $180,000 |
| File Closed For Incompleteness |
19 | $2,430,000 |
$127,000 | $455,000 |
$66,000 | $360,000 |
| Loan Originated |
190 | $20,223,000 |
$106,000 | $370,000 |
$43,000 | $211,000 |
| 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 |
41 | $4,683,000 |
$114,000 | $256,000 |
$42,000 | $76,000 |
| Credit Application Incomplete |
2 | $165,000 |
$82,000 | $99,000 |
$54,000 | $59,000 |
| Credit History |
208 | $21,801,000 |
$104,000 | $308,000 |
$47,000 | $164,000 |
| Debt-To-Income Ratio |
146 | $16,045,000 |
$109,000 | $510,000 |
$36,000 | $271,000 |
| 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 |
48 | $5,931,000 |
$123,000 | $400,000 |
$48,000 | $204,000 |
| Unverifiable Information |
4 | $360,000 |
$90,000 | $116,000 |
$38,000 | $70,000 |
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Mortgage Loan App Totals for CMFC, INC. by:
Metropolitan Area And
County
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