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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 MORTGAGE COMPANY, INC
Mortgage Loans and Application Details
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| Mortgage Company Name |
EMIGRANT MORTGAGE COMPANY, INC |
| 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 | 4,010 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $1,229,787,000 |
| Average Mortgage Loan Amount Applied For | $249,527 |
| Highest Mortgage Loan Amount Applied For | $8,938,000 |
| Average Applicant Income | $42,012 |
| Highest Applicant Income | $5,000,000 |
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| Home Improvement |
28 | $11,480,000 |
$410,000 | $5,000,000 |
$22,000 | $420,000 |
| Home Purchase |
1,160 | $409,807,000 |
$353,000 | $3,115,000 |
$78,000 | $5,000,000 |
| Refinancing |
2,839 | $813,719,000 |
$286,000 | $8,938,000 |
$37,000 | $2,748,000 |
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| American Indian or Alaskan Native |
8 | $1,956,000 |
$244,000 | $600,000 |
$48,000 | $144,000 |
| Asian |
206 | $79,095,000 |
$383,000 | $3,500,000 |
$32,000 | $562,000 |
| Black or African American |
800 | $165,842,000 |
$207,000 | $3,780,000 |
$31,000 | $2,423,000 |
| Hispanic |
319 | $78,815,000 |
$247,000 | $4,000,000 |
$33,000 | $1,383,000 |
| Native Hawaiin or Other Pacific Islander |
7 | $989,000 |
$141,000 | $350,000 |
$21,000 | $84,000 |
| Not applicable |
9 | $5,555,000 |
$617,000 | $2,500,000 |
$24,000 | $146,000 |
| Not Provided |
844 | $244,052,000 |
$289,000 | $4,000,000 |
$50,000 | $3,938,000 |
| White |
1,834 | $658,702,000 |
$359,000 | $8,938,000 |
$60,000 | $5,000,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
4,027 | $1,235,006,000 |
$306,000 | $8,938,000 |
$49,000 | $5,000,000 |
| 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 |
298 | $90,115,000 |
$302,000 | $2,100,000 |
$31,000 | $1,383,000 |
| Application Denied By Financial Institution |
1,175 | $425,702,000 |
$362,000 | $8,938,000 |
$61,000 | $3,434,000 |
| Application Withdrawn By Applicant |
113 | $40,624,000 |
$359,000 | $5,000,000 |
$67,000 | $2,423,000 |
| File Closed For Incompleteness |
407 | $138,817,000 |
$341,000 | $4,100,000 |
$56,000 | $2,748,000 |
| Loan Originated |
2,017 | $534,529,000 |
$265,000 | $3,000,000 |
$41,000 | $5,000,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
13 | $4,043,000 |
$311,000 | $650,000 |
$83,000 | $233,000 |
| Preapproval Denied by Financial Institution |
4 | $1,176,000 |
$294,000 | $513,000 |
$44,000 | $90,000 |
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| Collateral |
304 | $129,892,000 |
$427,000 | $3,750,000 |
$61,000 | $2,327,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
172 | $46,663,000 |
$271,000 | $3,900,000 |
$32,000 | $315,000 |
| Debt-To-Income Ratio |
73 | $23,853,000 |
$326,000 | $4,000,000 |
$112,000 | $1,474,000 |
| Employment History |
2 | $964,000 |
$482,000 | $500,000 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
623 | $224,306,000 |
$360,000 | $8,938,000 |
$63,000 | $3,434,000 |
| Unverifiable Information |
5 | $1,200,000 |
$240,000 | $406,000 |
$54,000 | $185,000 |
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Mortgage Loan App Totals for EMIGRANT MORTGAGE COMPANY, INC by:
Metropolitan Area And
County
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