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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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DORAL MORTGAGE CORP.
Mortgage Loans and Application Details
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| Mortgage Company Name |
DORAL MORTGAGE CORP. |
| Address | DORAL FINANCIAL PLAZA
1451 ROOSEVELT AVE S.J., PR 00921 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 28,544 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $2,929,616,000 |
| Average Mortgage Loan Amount Applied For | $85,179 |
| Highest Mortgage Loan Amount Applied For | $970,000 |
| Average Applicant Income | $45,371 |
| Highest Applicant Income | $968,000 |
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| Home Improvement (one-to-four family) |
51 | $2,563,000 |
$50,000 | $400,000 |
$49,000 | $144,000 |
| Home Purchase (one-to-four family) |
5,878 | $681,482,000 |
$115,000 | $970,000 |
$48,000 | $647,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
34 | $9,219,000 |
$271,000 | $875,000 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
22,586 | $2,236,704,000 |
$99,000 | $956,000 |
$48,000 | $968,000 |
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| American Indian or Alaskan Native |
5 | $285,000 |
$57,000 | $97,000 |
$31,000 | $47,000 |
| Asian or Pacific Islander |
15 | $2,281,000 |
$152,000 | $579,000 |
$85,000 | $222,000 |
| Black |
5 | $343,000 |
$68,000 | $133,000 |
$56,000 | $134,000 |
| Hispanic |
27,798 | $2,860,650,000 |
$102,000 | $970,000 |
$45,000 | $968,000 |
| Information not provided by applicant in mail or telephone application |
662 | $57,811,000 |
$87,000 | $900,000 |
$54,000 | $840,000 |
| Not applicable |
1 | $250,000 |
$250,000 | $250,000 |
$0 | $0 |
| Other |
10 | $947,000 |
$94,000 | $151,000 |
$56,000 | $194,000 |
| White |
53 | $7,401,000 |
$139,000 | $323,000 |
$138,000 | $627,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
26,933 | $2,775,823,000 |
$103,000 | $970,000 |
$52,000 | $968,000 |
| FHA-insured (Federal Housing Administration) |
1,435 | $133,772,000 |
$93,000 | $223,000 |
$36,000 | $612,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
18 | $1,441,000 |
$80,000 | $114,000 |
$30,000 | $48,000 |
| VA-guaranteed (Veterans Administration) |
163 | $18,932,000 |
$116,000 | $247,000 |
$47,000 | $123,000 |
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| Application Approved But Not Accepted |
269 | $31,913,000 |
$118,000 | $850,000 |
$52,000 | $513,000 |
| Application Denied By Financial Institution |
4,583 | $388,460,000 |
$84,000 | $870,000 |
$42,000 | $930,000 |
| Application Withdrawn By Applicant |
30 | $3,417,000 |
$113,000 | $194,000 |
$44,000 | $123,000 |
| File Closed For Incompleteness |
8,852 | $945,394,000 |
$106,000 | $970,000 |
$52,000 | $885,000 |
| Loan Originated |
14,813 | $1,560,220,000 |
$105,000 | $960,000 |
$53,000 | $968,000 |
| Loan Purchased By The Institution |
2 | $564,000 |
$282,000 | $479,000 |
$0 | $0 |
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| Collateral |
1,000 | $78,849,000 |
$78,000 | $700,000 |
$44,000 | $480,000 |
| Credit Application Incomplete |
52 | $5,210,000 |
$100,000 | $699,000 |
$57,000 | $500,000 |
| Credit History |
2,533 | $214,090,000 |
$84,000 | $870,000 |
$40,000 | $930,000 |
| Debt-To-Income Ratio |
282 | $25,170,000 |
$89,000 | $300,000 |
$35,000 | $259,000 |
| Employment History |
418 | $35,066,000 |
$83,000 | $350,000 |
$35,000 | $240,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
43 | $5,439,000 |
$126,000 | $594,000 |
$49,000 | $513,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
255 | $24,636,000 |
$96,000 | $750,000 |
$54,000 | $472,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for DORAL MORTGAGE CORP. by:
Metropolitan Area And
County
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