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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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DOWNEAST MORTGAGE CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
DOWNEAST MORTGAGE CORPORATION |
| Address | 261 GORHAM ROAD
SOUTH PORTLAND, ME 04106 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,879 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $308,424,000 |
| Average Mortgage Loan Amount Applied For | $171,166 |
| Highest Mortgage Loan Amount Applied For | $1,983,000 |
| Average Applicant Income | $97,880 |
| Highest Applicant Income | $1,608,000 |
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| Home Improvement |
9 | $991,000 |
$110,000 | $205,000 |
$63,000 | $180,000 |
| Home Purchase |
1,679 | $272,592,000 |
$162,000 | $972,000 |
$76,000 | $1,608,000 |
| Refinancing |
227 | $41,300,000 |
$181,000 | $1,983,000 |
$77,000 | $670,000 |
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| American Indian or Alaskan Native |
1 | $145,000 |
$145,000 | $145,000 |
$102,000 | $102,000 |
| Asian |
10 | $2,017,000 |
$201,000 | $390,000 |
$60,000 | $135,000 |
| Black or African American |
7 | $1,259,000 |
$179,000 | $288,000 |
$49,000 | $77,000 |
| Hispanic |
13 | $2,296,000 |
$176,000 | $336,000 |
$88,000 | $168,000 |
| Native Hawaiin or Other Pacific Islander |
3 | $412,000 |
$137,000 | $188,000 |
$86,000 | $159,000 |
| Not applicable |
9 | $1,009,000 |
$112,000 | $241,000 |
$128,000 | $394,000 |
| Not Provided |
12 | $1,753,000 |
$146,000 | $300,000 |
$73,000 | $401,000 |
| White |
1,860 | $305,992,000 |
$164,000 | $1,983,000 |
$76,000 | $1,608,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,563 | $260,456,000 |
$166,000 | $1,983,000 |
$82,000 | $1,608,000 |
| FHA-insured (Federal Housing Administration) |
255 | $37,892,000 |
$148,000 | $343,000 |
$52,000 | $164,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
23 | $3,233,000 |
$140,000 | $199,000 |
$41,000 | $60,000 |
| VA-guaranteed (Veterans Administration) |
74 | $13,302,000 |
$179,000 | $337,000 |
$59,000 | $178,000 |
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| Application Approved But Not Accepted |
1 | $221,000 |
$221,000 | $221,000 |
$57,000 | $57,000 |
| Application Denied By Financial Institution |
19 | $2,947,000 |
$155,000 | $256,000 |
$74,000 | $400,000 |
| Application Withdrawn By Applicant |
136 | $20,542,000 |
$151,000 | $447,000 |
$69,000 | $327,000 |
| File Closed For Incompleteness |
2 | $260,000 |
$130,000 | $149,000 |
$57,000 | $79,000 |
| Loan Originated |
1,203 | $197,972,000 |
$164,000 | $972,000 |
$77,000 | $1,608,000 |
| Loan Purchased By The Institution |
552 | $92,661,000 |
$167,000 | $1,983,000 |
$77,000 | $976,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
2 | $280,000 |
$140,000 | $145,000 |
$57,000 | $59,000 |
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| Collateral |
5 | $592,000 |
$118,000 | $162,000 |
$150,000 | $400,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
9 | $1,565,000 |
$173,000 | $256,000 |
$51,000 | $77,000 |
| Debt-To-Income Ratio |
5 | $806,000 |
$161,000 | $204,000 |
$50,000 | $78,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $148,000 |
$148,000 | $148,000 |
$26,000 | $26,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $116,000 |
$116,000 | $116,000 |
$29,000 | $29,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for DOWNEAST MORTGAGE CORPORATION by:
Metropolitan Area And
County
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