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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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EQUITY NOW INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
EQUITY NOW INC. |
| Address | 1370 AVE OF THE AMERICAS, 6TH FL
NEW YORK, NY 10019 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,867 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $455,753,000 |
| Average Mortgage Loan Amount Applied For | $182,607 |
| Highest Mortgage Loan Amount Applied For | $2,500,000 |
| Average Applicant Income | $48,803 |
| Highest Applicant Income | $1,500,000 |
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| Home Improvement |
1 | $203,000 |
$203,000 | $203,000 |
$84,000 | $84,000 |
| Home Purchase |
108 | $31,874,000 |
$295,000 | $2,500,000 |
$75,000 | $1,500,000 |
| Refinancing |
1,775 | $427,097,000 |
$240,000 | $2,300,000 |
$60,000 | $1,430,000 |
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| American Indian or Alaskan Native |
3 | $300,000 |
$100,000 | $100,000 |
$0 | $0 |
| Asian |
74 | $17,531,000 |
$236,000 | $996,000 |
$99,000 | $1,430,000 |
| Black or African American |
173 | $33,375,000 |
$192,000 | $1,000,000 |
$35,000 | $462,000 |
| Hispanic |
154 | $32,642,000 |
$211,000 | $1,000,000 |
$42,000 | $834,000 |
| Native Hawaiin or Other Pacific Islander |
9 | $1,669,000 |
$185,000 | $350,000 |
$69,000 | $420,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
490 | $126,314,000 |
$257,000 | $2,000,000 |
$74,000 | $1,104,000 |
| White |
981 | $247,343,000 |
$252,000 | $2,500,000 |
$58,000 | $1,500,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,883 | $459,032,000 |
$243,000 | $2,500,000 |
$60,000 | $1,500,000 |
| FHA-insured (Federal Housing Administration) |
1 | $142,000 |
$142,000 | $142,000 |
$29,000 | $29,000 |
| 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 |
2 | $385,000 |
$192,000 | $285,000 |
$0 | $0 |
| Application Denied By Financial Institution |
679 | $120,833,000 |
$177,000 | $2,300,000 |
$25,000 | $900,000 |
| Application Withdrawn By Applicant |
295 | $76,459,000 |
$259,000 | $2,000,000 |
$54,000 | $570,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
908 | $261,497,000 |
$287,000 | $2,500,000 |
$90,000 | $1,500,000 |
| 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 |
4 | $375,000 |
$93,000 | $100,000 |
$10,000 | $42,000 |
| Credit Application Incomplete |
18 | $2,367,000 |
$131,000 | $417,000 |
$30,000 | $462,000 |
| Credit History |
13 | $2,740,000 |
$210,000 | $740,000 |
$26,000 | $126,000 |
| Debt-To-Income Ratio |
3 | $275,000 |
$91,000 | $100,000 |
$0 | $0 |
| Employment History |
1 | $458,000 |
$458,000 | $458,000 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $396,000 |
$198,000 | $296,000 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
25 | $5,816,000 |
$232,000 | $2,300,000 |
$41,000 | $900,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for EQUITY NOW INC. by:
Metropolitan Area And
County
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