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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 FINANCIAL EQUITIES, INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST FINANCIAL EQUITIES, INC. |
| Address | 300 FRANK BURR BLVD., 4TH FL EAST
TEANECK, NJ 07666 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2005 |
| All Data Years | 2003 2004 2005 |
| Total Number of Mortgage Loan Applications Processed | 5,270 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $1,491,186,000 |
| Average Mortgage Loan Amount Applied For | $258,507 |
| Highest Mortgage Loan Amount Applied For | $6,000,000 |
| Average Applicant Income | $141,570 |
| Highest Applicant Income | $6,000,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
3,085 | $807,873,000 |
$304,956 | $6,000,000 |
$163,869 | $3,322,000 |
| Refinancing |
2,319 | $722,022,000 |
$360,421 | $5,000,000 |
$116,894 | $6,000,000 |
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| American Indian or Alaskan Native |
6 | $2,386,000 |
$415,000 | $656,000 |
$162,333 | $226,000 |
| Asian |
246 | $70,583,000 |
$185,538 | $1,604,000 |
$110,384 | $1,044,000 |
| Black or African American |
239 | $56,856,000 |
$383,272 | $3,250,000 |
$174,636 | $900,000 |
| Hispanic |
930 | $247,911,000 |
$195,066 | $3,640,000 |
$81,333 | $1,620,000 |
| Native Hawaiin or Other Pacific Islander |
19 | $4,337,000 |
$248,200 | $472,000 |
$91,800 | $330,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
435 | $118,214,000 |
$248,923 | $3,560,000 |
$96,076 | $1,332,000 |
| White |
3,529 | $1,029,608,000 |
$403,304 | $6,000,000 |
$195,565 | $6,000,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
5,384 | $1,524,943,000 |
$322,826 | $6,000,000 |
$162,000 | $6,000,000 |
| FHA-insured (Federal Housing Administration) |
18 | $4,196,000 |
$202,333 | $400,000 |
$100,333 | $888,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $486,000 |
$486,000 | $486,000 |
$475,000 | $475,000 |
| VA-guaranteed (Veterans Administration) |
1 | $270,000 |
$270,000 | $270,000 |
$168,000 | $168,000 |
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| Application Approved But Not Accepted |
413 | $114,495,000 |
$184,545 | $1,440,000 |
$130,909 | $1,044,000 |
| Application Denied By Financial Institution |
508 | $142,507,000 |
$330,666 | $2,325,000 |
$118,666 | $1,200,000 |
| Application Withdrawn By Applicant |
626 | $197,507,000 |
$303,882 | $6,000,000 |
$136,411 | $2,500,000 |
| File Closed For Incompleteness |
10 | $7,257,000 |
$914,166 | $3,250,000 |
$269,666 | $900,000 |
| Loan Originated |
3,760 | $1,042,268,000 |
$308,047 | $5,000,000 |
$167,095 | $6,000,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
81 | $24,424,000 |
$470,500 | $900,000 |
$182,500 | $273,000 |
| Preapproval Denied by Financial Institution |
6 | $1,437,000 |
$239,000 | $580,000 |
$116,000 | $210,000 |
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| Collateral |
55 | $12,204,000 |
$215,000 | $561,000 |
$96,250 | $408,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
159 | $37,418,000 |
$214,500 | $1,479,000 |
$77,000 | $830,000 |
| Debt-To-Income Ratio |
185 | $67,488,000 |
$375,153 | $2,325,000 |
$118,615 | $960,000 |
| Employment History |
39 | $7,234,000 |
$166,571 | $520,000 |
$113,428 | $717,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
38 | $11,368,000 |
$433,500 | $1,500,000 |
$121,625 | $360,000 |
| Mortgage Insurance Denied |
1 | $300,000 |
$300,000 | $300,000 |
$200,000 | $200,000 |
| Other |
35 | $7,812,000 |
$228,333 | $850,000 |
$175,166 | $1,200,000 |
| Unverifiable Information |
2 | $120,000 |
$60,000 | $93,000 |
$95,500 | $191,000 |
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Mortgage Loan App Totals for FIRST FINANCIAL EQUITIES, INC. by:
Metropolitan Area And
County
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