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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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COMMONWEALTH HOME MORTGAGE BAN
Mortgage Loans and Application Details
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| Mortgage Company Name |
COMMONWEALTH HOME MORTGAGE BAN |
| Address | 1983 MARCUS AVE. SUITE 104
LAKE SUCCESS, NY 11042 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 101 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $29,789,000 |
| Average Mortgage Loan Amount Applied For | $315,000 |
| Highest Mortgage Loan Amount Applied For | $1,500,000 |
| Average Applicant Income | $116,000 |
| Highest Applicant Income | $635,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
77 | $22,417,000 |
$291,000 | $1,500,000 |
$137,000 | $474,000 |
| Refinancing |
24 | $7,372,000 |
$307,000 | $650,000 |
$143,000 | $635,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
4 | $829,000 |
$207,000 | $368,000 |
$81,000 | $121,000 |
| Black or African American |
39 | $11,315,000 |
$290,000 | $570,000 |
$117,000 | $173,000 |
| Hispanic |
22 | $5,533,000 |
$251,000 | $460,000 |
$114,000 | $218,000 |
| 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 |
36 | $12,112,000 |
$336,000 | $1,500,000 |
$182,000 | $635,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
101 | $29,789,000 |
$294,000 | $1,500,000 |
$138,000 | $635,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
5 | $1,635,000 |
$327,000 | $575,000 |
$65,000 | $132,000 |
| Application Withdrawn By Applicant |
27 | $7,842,000 |
$290,000 | $570,000 |
$120,000 | $211,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
69 | $20,312,000 |
$294,000 | $1,500,000 |
$151,000 | $635,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for COMMONWEALTH HOME MORTGAGE BAN by:
Metropolitan Area And
County
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