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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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DEVERE MORTGAGE CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
DEVERE MORTGAGE CORPORATION |
| Address | 105 EARHART DR., SUITE 100
WILLIAMSVILLE, NY 14221 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,103 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $105,612,000 |
| Average Mortgage Loan Amount Applied For | $107,454 |
| Highest Mortgage Loan Amount Applied For | $513,000 |
| Average Applicant Income | $60,045 |
| Highest Applicant Income | $585,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
1,047 | $98,804,000 |
$94,000 | $415,000 |
$60,000 | $585,000 |
| Refinancing |
56 | $6,808,000 |
$121,000 | $513,000 |
$71,000 | $216,000 |
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| American Indian or Alaskan Native |
2 | $257,000 |
$128,000 | $196,000 |
$54,000 | $85,000 |
| Asian |
16 | $1,351,000 |
$84,000 | $372,000 |
$80,000 | $187,000 |
| Black or African American |
47 | $4,050,000 |
$86,000 | $229,000 |
$48,000 | $144,000 |
| Hispanic |
41 | $3,318,000 |
$80,000 | $270,000 |
$46,000 | $157,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $260,000 |
$130,000 | $150,000 |
$74,000 | $86,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
5 | $470,000 |
$94,000 | $199,000 |
$45,000 | $73,000 |
| White |
990 | $95,906,000 |
$96,000 | $513,000 |
$62,000 | $585,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
485 | $45,038,000 |
$92,000 | $513,000 |
$74,000 | $585,000 |
| FHA-insured (Federal Housing Administration) |
559 | $53,408,000 |
$95,000 | $206,000 |
$50,000 | $215,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
59 | $7,166,000 |
$121,000 | $212,000 |
$60,000 | $136,000 |
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| Application Approved But Not Accepted |
2 | $62,000 |
$31,000 | $31,000 |
$42,000 | $71,000 |
| Application Denied By Financial Institution |
25 | $2,090,000 |
$83,000 | $173,000 |
$42,000 | $82,000 |
| Application Withdrawn By Applicant |
81 | $7,011,000 |
$86,000 | $250,000 |
$66,000 | $315,000 |
| File Closed For Incompleteness |
5 | $454,000 |
$90,000 | $142,000 |
$48,000 | $85,000 |
| Loan Originated |
990 | $95,995,000 |
$96,000 | $513,000 |
$61,000 | $585,000 |
| 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 |
1 | $80,000 |
$80,000 | $80,000 |
$45,000 | $45,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
10 | $970,000 |
$97,000 | $173,000 |
$43,000 | $82,000 |
| Employment History |
2 | $195,000 |
$97,000 | $114,000 |
$62,000 | $77,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $107,000 |
$107,000 | $107,000 |
$40,000 | $40,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
5 | $378,000 |
$75,000 | $120,000 |
$49,000 | $56,000 |
| Unverifiable Information |
3 | $170,000 |
$56,000 | $106,000 |
$26,000 | $30,000 |
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Mortgage Loan App Totals for DEVERE MORTGAGE CORPORATION by:
Metropolitan Area And
County
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