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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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CONCORD MORTGAGE CORP
Mortgage Loans and Application Details
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| Mortgage Company Name |
CONCORD MORTGAGE CORP |
| Address | 25 MELVILLE PARK ROAD
MELVILLE, NY 11747 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,350 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $346,840,000 |
| Average Mortgage Loan Amount Applied For | $210,375 |
| Highest Mortgage Loan Amount Applied For | $1,700,000 |
| Average Applicant Income | $93,646 |
| Highest Applicant Income | $746,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
486 | $111,132,000 |
$228,000 | $1,000,000 |
$116,000 | $642,000 |
| Refinancing |
864 | $235,708,000 |
$272,000 | $1,700,000 |
$96,000 | $746,000 |
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| American Indian or Alaskan Native |
5 | $1,070,000 |
$214,000 | $322,000 |
$106,000 | $159,000 |
| Asian |
49 | $14,682,000 |
$299,000 | $960,000 |
$155,000 | $642,000 |
| Black or African American |
224 | $60,156,000 |
$268,000 | $1,000,000 |
$85,000 | $244,000 |
| Hispanic |
172 | $41,782,000 |
$242,000 | $743,000 |
$82,000 | $233,000 |
| Native Hawaiin or Other Pacific Islander |
3 | $1,238,000 |
$412,000 | $663,000 |
$184,000 | $300,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
306 | $80,587,000 |
$263,000 | $1,000,000 |
$106,000 | $746,000 |
| White |
591 | $147,325,000 |
$249,000 | $1,700,000 |
$110,000 | $660,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,349 | $346,469,000 |
$256,000 | $1,700,000 |
$103,000 | $746,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $371,000 |
$371,000 | $371,000 |
$81,000 | $81,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
194 | $49,073,000 |
$252,000 | $1,000,000 |
$100,000 | $642,000 |
| Application Denied By Financial Institution |
188 | $47,210,000 |
$251,000 | $725,000 |
$111,000 | $746,000 |
| Application Withdrawn By Applicant |
195 | $48,736,000 |
$249,000 | $1,000,000 |
$113,000 | $642,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
773 | $201,821,000 |
$261,000 | $1,700,000 |
$100,000 | $660,000 |
| 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 |
16 | $4,355,000 |
$272,000 | $725,000 |
$168,000 | $746,000 |
| Credit Application Incomplete |
24 | $5,843,000 |
$243,000 | $565,000 |
$97,000 | $184,000 |
| Credit History |
6 | $1,193,000 |
$198,000 | $420,000 |
$107,000 | $120,000 |
| Debt-To-Income Ratio |
2 | $538,000 |
$269,000 | $396,000 |
$41,000 | $46,000 |
| Employment History |
10 | $2,078,000 |
$207,000 | $387,000 |
$74,000 | $111,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $683,000 |
$341,000 | $534,000 |
$75,000 | $151,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
66 | $17,066,000 |
$258,000 | $700,000 |
$108,000 | $280,000 |
| Unverifiable Information |
7 | $1,803,000 |
$257,000 | $560,000 |
$129,000 | $156,000 |
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Mortgage Loan App Totals for CONCORD MORTGAGE CORP by:
Metropolitan Area And
County
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