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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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EMIGRANT FUNDING CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
EMIGRANT FUNDING CORPORATION |
| Address | 5 EAST 42ND STREET, 4TH FLOOR
NEW YORK, NY 10017 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 330 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $134,336,000 |
| Average Mortgage Loan Amount Applied For | $370,372 |
| Highest Mortgage Loan Amount Applied For | $2,500,000 |
| Average Applicant Income | $0 |
| Highest Applicant Income | $0 |
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| Home Improvement |
28 | $9,516,000 |
$339,000 | $1,400,000 |
$0 | $0 |
| Home Purchase |
99 | $41,085,000 |
$415,000 | $1,519,000 |
$0 | $0 |
| Refinancing |
203 | $83,735,000 |
$412,000 | $2,500,000 |
$0 | $0 |
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| American Indian or Alaskan Native |
1 | $300,000 |
$300,000 | $300,000 |
$0 | $0 |
| Asian |
25 | $11,053,000 |
$442,000 | $1,519,000 |
$0 | $0 |
| Black or African American |
40 | $14,157,000 |
$353,000 | $1,035,000 |
$0 | $0 |
| Hispanic |
57 | $20,287,000 |
$355,000 | $850,000 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
129 | $53,728,000 |
$416,000 | $1,800,000 |
$0 | $0 |
| Not Provided |
16 | $7,195,000 |
$449,000 | $1,450,000 |
$0 | $0 |
| White |
62 | $27,616,000 |
$445,000 | $2,500,000 |
$0 | $0 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
330 | $134,336,000 |
$407,000 | $2,500,000 |
$0 | $0 |
| 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 |
22 | $9,966,000 |
$453,000 | $1,700,000 |
$0 | $0 |
| Application Denied By Financial Institution |
113 | $46,519,000 |
$411,000 | $1,800,000 |
$0 | $0 |
| Application Withdrawn By Applicant |
31 | $15,455,000 |
$498,000 | $1,400,000 |
$0 | $0 |
| File Closed For Incompleteness |
3 | $1,506,000 |
$502,000 | $900,000 |
$0 | $0 |
| Loan Originated |
161 | $60,890,000 |
$378,000 | $2,500,000 |
$0 | $0 |
| 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 |
23 | $9,453,000 |
$411,000 | $1,800,000 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
5 | $2,310,000 |
$462,000 | $650,000 |
$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) |
2 | $625,000 |
$312,000 | $375,000 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
83 | $34,131,000 |
$411,000 | $1,519,000 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for EMIGRANT FUNDING CORPORATION by:
Metropolitan Area And
County
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