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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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EQUITABLE MORTGAGE CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
EQUITABLE MORTGAGE CORPORATION |
| Address | 3530 SNOUFFER ROAD, SUITE #100
COLUMBUS, OH 43235 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 756 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $155,770,000 |
| Average Mortgage Loan Amount Applied For | $223,979 |
| Highest Mortgage Loan Amount Applied For | $1,155,000 |
| Average Applicant Income | $149,797 |
| Highest Applicant Income | $2,800,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
493 | $94,052,000 |
$190,000 | $1,155,000 |
$121,000 | $2,800,000 |
| Refinancing |
266 | $62,054,000 |
$233,000 | $1,050,000 |
$126,000 | $1,151,000 |
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| American Indian or Alaskan Native |
2 | $175,000 |
$87,000 | $140,000 |
$73,000 | $73,000 |
| Asian |
15 | $3,421,000 |
$228,000 | $522,000 |
$115,000 | $420,000 |
| Black or African American |
18 | $2,761,000 |
$153,000 | $650,000 |
$71,000 | $210,000 |
| Hispanic |
8 | $3,086,000 |
$385,000 | $759,000 |
$496,000 | $1,188,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $514,000 |
$257,000 | $266,000 |
$173,000 | $225,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
45 | $10,559,000 |
$234,000 | $529,000 |
$137,000 | $737,000 |
| White |
669 | $135,590,000 |
$202,000 | $1,155,000 |
$119,000 | $2,800,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
756 | $155,738,000 |
$206,000 | $1,155,000 |
$123,000 | $2,800,000 |
| FHA-insured (Federal Housing Administration) |
3 | $368,000 |
$122,000 | $216,000 |
$32,000 | $48,000 |
| 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 |
9 | $1,736,000 |
$192,000 | $316,000 |
$90,000 | $155,000 |
| Application Denied By Financial Institution |
39 | $6,499,000 |
$166,000 | $560,000 |
$91,000 | $444,000 |
| Application Withdrawn By Applicant |
41 | $9,685,000 |
$236,000 | $825,000 |
$122,000 | $900,000 |
| File Closed For Incompleteness |
10 | $1,718,000 |
$171,000 | $472,000 |
$92,000 | $222,000 |
| Loan Originated |
657 | $136,132,000 |
$207,000 | $1,155,000 |
$126,000 | $2,800,000 |
| 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 |
3 | $336,000 |
$112,000 | $143,000 |
$65,000 | $102,000 |
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| Collateral |
2 | $120,000 |
$60,000 | $85,000 |
$59,000 | $83,000 |
| Credit Application Incomplete |
1 | $180,000 |
$180,000 | $180,000 |
$100,000 | $100,000 |
| Credit History |
5 | $472,000 |
$94,000 | $118,000 |
$56,000 | $102,000 |
| Debt-To-Income Ratio |
7 | $1,081,000 |
$154,000 | $400,000 |
$57,000 | $106,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
27 | $4,982,000 |
$184,000 | $560,000 |
$106,000 | $444,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for EQUITABLE MORTGAGE CORPORATION by:
Metropolitan Area And
County
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