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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 EQUITY MORTGAGE INC
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST EQUITY MORTGAGE INC |
| Address | 7265 KENWOOD ROAD, SUITE 111
CINCINNATI, OH 45236 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,693 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $431,435,000 |
| Average Mortgage Loan Amount Applied For | $252,843 |
| Highest Mortgage Loan Amount Applied For | $912,000 |
| Average Applicant Income | $106,960 |
| Highest Applicant Income | $1,400,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
2,607 | $650,093,000 |
$249,000 | $912,000 |
$102,000 | $1,400,000 |
| Refinancing |
21 | $4,298,000 |
$204,000 | $417,000 |
$74,000 | $240,000 |
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| American Indian or Alaskan Native |
6 | $1,663,000 |
$277,000 | $378,000 |
$79,000 | $159,000 |
| Asian |
200 | $59,734,000 |
$298,000 | $808,000 |
$114,000 | $307,000 |
| Black or African American |
264 | $67,575,000 |
$255,000 | $912,000 |
$83,000 | $1,271,000 |
| Hispanic |
106 | $31,531,000 |
$297,000 | $685,000 |
$86,000 | $240,000 |
| Native Hawaiin or Other Pacific Islander |
6 | $1,518,000 |
$253,000 | $400,000 |
$86,000 | $142,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
727 | $162,724,000 |
$223,000 | $793,000 |
$88,000 | $750,000 |
| White |
1,319 | $329,646,000 |
$249,000 | $800,000 |
$112,000 | $1,400,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,409 | $612,643,000 |
$254,000 | $912,000 |
$105,000 | $1,400,000 |
| FHA-insured (Federal Housing Administration) |
140 | $23,738,000 |
$169,000 | $285,000 |
$55,000 | $131,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
79 | $18,010,000 |
$227,000 | $417,000 |
$76,000 | $242,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
103 | $22,409,000 |
$217,000 | $912,000 |
$51,000 | $240,000 |
| Application Withdrawn By Applicant |
1,143 | $294,067,000 |
$257,000 | $808,000 |
$92,000 | $1,075,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
1,382 | $337,915,000 |
$244,000 | $773,000 |
$113,000 | $1,400,000 |
| 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 |
60 | $12,962,000 |
$216,000 | $912,000 |
$51,000 | $150,000 |
| Debt-To-Income Ratio |
40 | $8,443,000 |
$211,000 | $564,000 |
$48,000 | $240,000 |
| Employment History |
1 | $207,000 |
$207,000 | $207,000 |
$69,000 | $69,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $489,000 |
$489,000 | $489,000 |
$126,000 | $126,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $308,000 |
$308,000 | $308,000 |
$110,000 | $110,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FIRST EQUITY MORTGAGE INC by:
Metropolitan Area And
County
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