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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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COLONIAL HOME MORTGAGE COMPANY
Mortgage Loans and Application Details
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| Mortgage Company Name |
COLONIAL HOME MORTGAGE COMPANY |
| Address | 401 KINGS HIGHWAY SOUTH, BUILDING 5
CHERRY HILL, NJ 08034 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 324 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $66,085,000 |
| Average Mortgage Loan Amount Applied For | $226,557 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $123,257 |
| Highest Applicant Income | $1,070,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
161 | $31,625,000 |
$196,000 | $1,000,000 |
$120,000 | $1,070,000 |
| Refinancing |
163 | $34,460,000 |
$211,000 | $750,000 |
$122,000 | $1,051,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $310,000 |
$155,000 | $179,000 |
$49,000 | $99,000 |
| Black or African American |
38 | $7,315,000 |
$192,000 | $562,000 |
$73,000 | $200,000 |
| Hispanic |
18 | $3,916,000 |
$217,000 | $730,000 |
$143,000 | $1,070,000 |
| 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 |
266 | $54,544,000 |
$205,000 | $1,000,000 |
$127,000 | $1,051,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
324 | $66,085,000 |
$203,000 | $1,000,000 |
$121,000 | $1,070,000 |
| 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 |
5 | $1,096,000 |
$219,000 | $338,000 |
$196,000 | $335,000 |
| Application Denied By Financial Institution |
12 | $2,580,000 |
$215,000 | $1,000,000 |
$133,000 | $660,000 |
| Application Withdrawn By Applicant |
48 | $8,632,000 |
$179,000 | $731,000 |
$97,000 | $660,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
259 | $53,777,000 |
$207,000 | $1,000,000 |
$124,000 | $1,070,000 |
| 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 |
5 | $632,000 |
$126,000 | $225,000 |
$72,000 | $200,000 |
| Credit Application Incomplete |
3 | $245,000 |
$81,000 | $169,000 |
$95,000 | $100,000 |
| Credit History |
2 | $470,000 |
$235,000 | $440,000 |
$96,000 | $96,000 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $233,000 |
$233,000 | $233,000 |
$106,000 | $106,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $1,000,000 |
$1,000,000 | $1,000,000 |
$660,000 | $660,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for COLONIAL HOME MORTGAGE COMPANY by:
Metropolitan Area And
County
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