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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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FED FUNDING MORTGAGE
Mortgage Loans and Application Details
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| Mortgage Company Name |
FED FUNDING MORTGAGE |
| Address | 1577 SPRING HILL ROAD, SUITE 400
VIENNA, VA 22182 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2005 |
| All Data Years | 2005 |
| Total Number of Mortgage Loan Applications Processed | 414 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $108,444,000 |
| Average Mortgage Loan Amount Applied For | $231,625 |
| Highest Mortgage Loan Amount Applied For | $1,750,000 |
| Average Applicant Income | $101,400 |
| Highest Applicant Income | $526,000 |
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| Home Improvement |
1 | $35,000 |
$35,000 | $35,000 |
$142,000 | $142,000 |
| Home Purchase |
265 | $62,080,000 |
$232,200 | $1,750,000 |
$104,800 | $526,000 |
| Refinancing |
175 | $51,411,000 |
$315,285 | $1,462,000 |
$134,142 | $600,000 |
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| American Indian or Alaskan Native |
1 | $500,000 |
$500,000 | $500,000 |
$135,000 | $135,000 |
| Asian |
47 | $11,205,000 |
$247,500 | $680,000 |
$110,750 | $420,000 |
| Black or African American |
50 | $9,412,000 |
$234,000 | $560,000 |
$80,000 | $195,000 |
| Hispanic |
28 | $5,624,000 |
$191,000 | $480,000 |
$70,333 | $180,000 |
| Native Hawaiin or Other Pacific Islander |
5 | $1,185,000 |
$269,500 | $780,000 |
$129,000 | $232,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
21 | $4,934,000 |
$235,666 | $734,000 |
$89,000 | $261,000 |
| White |
289 | $80,666,000 |
$311,714 | $1,750,000 |
$142,571 | $600,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
439 | $113,208,000 |
$301,285 | $1,750,000 |
$134,714 | $600,000 |
| FHA-insured (Federal Housing Administration) |
2 | $318,000 |
$159,000 | $241,000 |
$72,000 | $113,000 |
| 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 |
1 | $456,000 |
$456,000 | $456,000 |
$150,000 | $150,000 |
| Application Denied By Financial Institution |
2 | $186,000 |
$93,000 | $157,000 |
$0 | $0 |
| Application Withdrawn By Applicant |
4 | $574,000 |
$125,000 | $240,000 |
$141,000 | $211,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
434 | $112,310,000 |
$301,285 | $1,750,000 |
$134,714 | $600,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
2 | $186,000 |
$93,000 | $157,000 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FED FUNDING MORTGAGE by:
Metropolitan Area And
County
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