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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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EQUIHOME MORTGAGE, CORP.
Mortgage Loans and Application Details
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| Mortgage Company Name |
EQUIHOME MORTGAGE, CORP. |
| Address | 150 MORRISTOWN RD., SUITE 101
BERNARDSVILLE, NJ 07924 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,231 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $511,056,000 |
| Average Mortgage Loan Amount Applied For | $203,483 |
| Highest Mortgage Loan Amount Applied For | $1,506,000 |
| Average Applicant Income | $72,543 |
| Highest Applicant Income | $1,219,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
388 | $73,729,000 |
$190,000 | $694,000 |
$100,000 | $444,000 |
| Refinancing |
1,848 | $438,900,000 |
$237,000 | $1,506,000 |
$78,000 | $1,219,000 |
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| American Indian or Alaskan Native |
3 | $439,000 |
$146,000 | $185,000 |
$36,000 | $55,000 |
| Asian |
42 | $10,906,000 |
$259,000 | $755,000 |
$103,000 | $270,000 |
| Black or African American |
227 | $48,201,000 |
$212,000 | $705,000 |
$69,000 | $168,000 |
| Hispanic |
226 | $53,414,000 |
$236,000 | $672,000 |
$77,000 | $300,000 |
| Native Hawaiin or Other Pacific Islander |
9 | $1,976,000 |
$219,000 | $478,000 |
$77,000 | $135,000 |
| Not applicable |
7 | $1,017,000 |
$145,000 | $204,000 |
$72,000 | $150,000 |
| Not Provided |
632 | $151,947,000 |
$240,000 | $1,500,000 |
$80,000 | $480,000 |
| White |
1,090 | $244,729,000 |
$224,000 | $1,506,000 |
$86,000 | $1,219,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,144 | $494,442,000 |
$230,000 | $1,506,000 |
$83,000 | $1,219,000 |
| FHA-insured (Federal Housing Administration) |
89 | $17,447,000 |
$196,000 | $368,000 |
$65,000 | $181,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
3 | $740,000 |
$246,000 | $375,000 |
$76,000 | $86,000 |
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| Application Approved But Not Accepted |
111 | $23,493,000 |
$211,000 | $694,000 |
$79,000 | $326,000 |
| Application Denied By Financial Institution |
120 | $28,088,000 |
$234,000 | $765,000 |
$81,000 | $421,000 |
| Application Withdrawn By Applicant |
645 | $162,239,000 |
$251,000 | $1,506,000 |
$84,000 | $1,219,000 |
| File Closed For Incompleteness |
26 | $7,246,000 |
$278,000 | $755,000 |
$112,000 | $444,000 |
| Loan Originated |
1,334 | $291,563,000 |
$218,000 | $816,000 |
$81,000 | $483,000 |
| 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 |
6 | $1,460,000 |
$243,000 | $350,000 |
$74,000 | $118,000 |
| Credit Application Incomplete |
1 | $119,000 |
$119,000 | $119,000 |
$149,000 | $149,000 |
| Credit History |
2 | $374,000 |
$187,000 | $269,000 |
$55,000 | $72,000 |
| Debt-To-Income Ratio |
6 | $1,361,000 |
$226,000 | $405,000 |
$96,000 | $193,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $112,000 |
$112,000 | $112,000 |
$39,000 | $39,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
17 | $3,768,000 |
$221,000 | $639,000 |
$90,000 | $300,000 |
| Unverifiable Information |
2 | $374,000 |
$187,000 | $210,000 |
$57,000 | $60,000 |
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Mortgage Loan App Totals for EQUIHOME MORTGAGE, CORP. by:
Metropolitan Area And
County
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