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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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FEDERALGUARANTY MORTGAGE CO.
Mortgage Loans and Application Details
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| Mortgage Company Name |
FEDERALGUARANTY MORTGAGE CO. |
| Address | 1851 NW 125 AVE, SUITE# 314
PEMPROKE PINES, FL 33028 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2006 |
| Total Number of Mortgage Loan Applications Processed | 426 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $51,032,000 |
| Average Mortgage Loan Amount Applied For | $129,730 |
| Highest Mortgage Loan Amount Applied For | $750,000 |
| Average Applicant Income | $41,253 |
| Highest Applicant Income | $213,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
402 | $49,117,000 |
$122,000 | $750,000 |
$40,000 | $213,000 |
| Refinancing |
65 | $8,572,000 |
$131,000 | $468,000 |
$42,000 | $117,000 |
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| American Indian or Alaskan Native |
2 | $331,000 |
$165,000 | $193,000 |
$41,000 | $48,000 |
| Asian |
1 | $143,000 |
$143,000 | $143,000 |
$48,000 | $48,000 |
| Black or African American |
265 | $30,563,000 |
$115,000 | $244,000 |
$37,000 | $94,000 |
| Hispanic |
31 | $8,502,000 |
$274,000 | $750,000 |
$75,000 | $200,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $142,000 |
$142,000 | $142,000 |
$36,000 | $36,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
10 | $1,329,000 |
$132,000 | $221,000 |
$44,000 | $60,000 |
| White |
157 | $16,679,000 |
$106,000 | $297,000 |
$37,000 | $213,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
36 | $8,668,000 |
$240,000 | $750,000 |
$69,000 | $200,000 |
| FHA-insured (Federal Housing Administration) |
382 | $42,073,000 |
$110,000 | $300,000 |
$36,000 | $94,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
49 | $6,948,000 |
$141,000 | $297,000 |
$47,000 | $213,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
6 | $497,000 |
$82,000 | $108,000 |
$26,000 | $36,000 |
| Application Withdrawn By Applicant |
1 | $97,000 |
$97,000 | $97,000 |
$25,000 | $25,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
460 | $57,095,000 |
$124,000 | $750,000 |
$40,000 | $213,000 |
| 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 |
6 | $497,000 |
$82,000 | $108,000 |
$26,000 | $36,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FEDERALGUARANTY MORTGAGE CO. by:
Metropolitan Area And
County
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