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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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COMMONFUND MORTGAGE CORP
Mortgage Loans and Application Details
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| Mortgage Company Name |
COMMONFUND MORTGAGE CORP |
| Address | 717 ERIE BOULEVARD WEST
SYRACUSE, NY 13204 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 820 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $87,135,000 |
| Average Mortgage Loan Amount Applied For | $117,300 |
| Highest Mortgage Loan Amount Applied For | $417,000 |
| Average Applicant Income | $59,300 |
| Highest Applicant Income | $500,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
759 | $80,255,000 |
$105,000 | $417,000 |
$64,000 | $500,000 |
| Refinancing |
61 | $6,880,000 |
$112,000 | $256,000 |
$62,000 | $209,000 |
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| American Indian or Alaskan Native |
1 | $109,000 |
$109,000 | $109,000 |
$0 | $0 |
| Asian |
17 | $1,682,000 |
$98,000 | $266,000 |
$68,000 | $140,000 |
| Black or African American |
12 | $1,486,000 |
$123,000 | $200,000 |
$82,000 | $203,000 |
| Hispanic |
16 | $1,644,000 |
$102,000 | $205,000 |
$70,000 | $106,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
47 | $4,664,000 |
$99,000 | $347,000 |
$65,000 | $308,000 |
| White |
727 | $77,550,000 |
$106,000 | $417,000 |
$63,000 | $500,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
372 | $41,550,000 |
$111,000 | $417,000 |
$72,000 | $500,000 |
| FHA-insured (Federal Housing Administration) |
420 | $42,045,000 |
$100,000 | $206,000 |
$56,000 | $241,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
28 | $3,540,000 |
$126,000 | $246,000 |
$62,000 | $131,000 |
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| Application Approved But Not Accepted |
42 | $4,108,000 |
$97,000 | $216,000 |
$54,000 | $167,000 |
| Application Denied By Financial Institution |
45 | $3,739,000 |
$83,000 | $253,000 |
$47,000 | $183,000 |
| Application Withdrawn By Applicant |
48 | $4,824,000 |
$100,000 | $233,000 |
$56,000 | $131,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
685 | $74,464,000 |
$108,000 | $417,000 |
$66,000 | $500,000 |
| 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 |
21 | $1,774,000 |
$84,000 | $253,000 |
$44,000 | $140,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
4 | $399,000 |
$99,000 | $149,000 |
$84,000 | $183,000 |
| Debt-To-Income Ratio |
9 | $832,000 |
$92,000 | $230,000 |
$49,000 | $83,000 |
| Employment History |
1 | $79,000 |
$79,000 | $79,000 |
$32,000 | $32,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $70,000 |
$35,000 | $40,000 |
$47,000 | $62,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
7 | $532,000 |
$76,000 | $140,000 |
$36,000 | $53,000 |
| Unverifiable Information |
1 | $53,000 |
$53,000 | $53,000 |
$35,000 | $35,000 |
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Mortgage Loan App Totals for COMMONFUND MORTGAGE CORP by:
Metropolitan Area And
County
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