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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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FIRST ALTERNATIVE MORTGAGE COR
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST ALTERNATIVE MORTGAGE COR |
| Address | 145 HUGUENOT ST
NEW ROCHELLE, NY 10801 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,634 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $243,897,000 |
| Average Mortgage Loan Amount Applied For | $170,193 |
| Highest Mortgage Loan Amount Applied For | $2,000,000 |
| Average Applicant Income | $66,210 |
| Highest Applicant Income | $1,275,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
1,326 | $194,052,000 |
$146,000 | $2,000,000 |
$58,000 | $1,275,000 |
| Refinancing |
308 | $49,845,000 |
$161,000 | $863,000 |
$66,000 | $250,000 |
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| American Indian or Alaskan Native |
6 | $925,000 |
$154,000 | $313,000 |
$100,000 | $360,000 |
| Asian |
12 | $2,426,000 |
$202,000 | $352,000 |
$64,000 | $117,000 |
| Black or African American |
229 | $40,457,000 |
$176,000 | $690,000 |
$63,000 | $209,000 |
| Hispanic |
191 | $39,725,000 |
$207,000 | $650,000 |
$70,000 | $252,000 |
| Native Hawaiin or Other Pacific Islander |
3 | $364,000 |
$121,000 | $183,000 |
$53,000 | $81,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
18 | $3,227,000 |
$179,000 | $417,000 |
$52,000 | $91,000 |
| White |
1,175 | $156,773,000 |
$133,000 | $2,000,000 |
$57,000 | $1,275,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
105 | $26,292,000 |
$250,000 | $2,000,000 |
$131,000 | $1,275,000 |
| FHA-insured (Federal Housing Administration) |
1,496 | $211,722,000 |
$141,000 | $690,000 |
$54,000 | $360,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
33 | $5,883,000 |
$178,000 | $417,000 |
$65,000 | $162,000 |
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| Application Approved But Not Accepted |
46 | $7,635,000 |
$165,000 | $656,000 |
$70,000 | $528,000 |
| Application Denied By Financial Institution |
94 | $14,255,000 |
$151,000 | $625,000 |
$53,000 | $204,000 |
| Application Withdrawn By Applicant |
456 | $71,625,000 |
$157,000 | $863,000 |
$57,000 | $216,000 |
| File Closed For Incompleteness |
4 | $599,000 |
$149,000 | $279,000 |
$43,000 | $73,000 |
| Loan Originated |
1,034 | $149,783,000 |
$144,000 | $2,000,000 |
$61,000 | $1,275,000 |
| 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 | $332,000 |
$83,000 | $124,000 |
$49,000 | $65,000 |
| Credit Application Incomplete |
1 | $96,000 |
$96,000 | $96,000 |
$23,000 | $23,000 |
| Credit History |
9 | $1,094,000 |
$121,000 | $191,000 |
$50,000 | $90,000 |
| Debt-To-Income Ratio |
5 | $822,000 |
$164,000 | $234,000 |
$44,000 | $59,000 |
| Employment History |
1 | $156,000 |
$156,000 | $156,000 |
$98,000 | $98,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
3 | $714,000 |
$238,000 | $329,000 |
$63,000 | $85,000 |
| Unverifiable Information |
2 | $229,000 |
$114,000 | $116,000 |
$54,000 | $65,000 |
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Mortgage Loan App Totals for FIRST ALTERNATIVE MORTGAGE COR by:
Metropolitan Area And
County
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