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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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FEDERATED LENDING CORP
Mortgage Loans and Application Details
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| Mortgage Company Name |
FEDERATED LENDING CORP |
| Address | 301 OXFORD VALLEY RD., SUITE 1101
YARDLEY, PA 19067 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 500 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $106,569,000 |
| Average Mortgage Loan Amount Applied For | $241,342 |
| Highest Mortgage Loan Amount Applied For | $1,900,000 |
| Average Applicant Income | $110,842 |
| Highest Applicant Income | $975,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
304 | $58,520,000 |
$192,000 | $936,000 |
$97,000 | $792,000 |
| Refinancing |
196 | $48,049,000 |
$245,000 | $1,900,000 |
$118,000 | $975,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
19 | $4,215,000 |
$221,000 | $497,000 |
$116,000 | $408,000 |
| Black or African American |
45 | $4,529,000 |
$100,000 | $260,000 |
$55,000 | $150,000 |
| Hispanic |
25 | $4,652,000 |
$186,000 | $500,000 |
$105,000 | $792,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $142,000 |
$142,000 | $142,000 |
$32,000 | $32,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
18 | $3,929,000 |
$218,000 | $854,000 |
$141,000 | $783,000 |
| White |
392 | $89,102,000 |
$227,000 | $1,900,000 |
$109,000 | $975,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
491 | $105,042,000 |
$213,000 | $1,900,000 |
$106,000 | $975,000 |
| FHA-insured (Federal Housing Administration) |
9 | $1,527,000 |
$169,000 | $288,000 |
$64,000 | $92,000 |
| 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 | $628,000 |
$314,000 | $340,000 |
$163,000 | $234,000 |
| Application Denied By Financial Institution |
31 | $4,349,000 |
$140,000 | $500,000 |
$62,000 | $264,000 |
| Application Withdrawn By Applicant |
110 | $26,511,000 |
$241,000 | $1,000,000 |
$107,000 | $975,000 |
| File Closed For Incompleteness |
4 | $820,000 |
$205,000 | $280,000 |
$62,000 | $96,000 |
| Loan Originated |
353 | $74,261,000 |
$210,000 | $1,900,000 |
$109,000 | $783,000 |
| 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 |
2 | $646,000 |
$323,000 | $331,000 |
$107,000 | $154,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
22 | $2,646,000 |
$120,000 | $225,000 |
$49,000 | $100,000 |
| Debt-To-Income Ratio |
1 | $40,000 |
$40,000 | $40,000 |
$61,000 | $61,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $139,000 |
$69,000 | $80,000 |
$32,000 | $40,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $500,000 |
$500,000 | $500,000 |
$143,000 | $143,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FEDERATED LENDING CORP by:
Metropolitan Area And
County
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